For right around three years, Charlotte’s Web Hemp (CNQ: CWEB) has helped support hemp research through a deal with the Center for Discovery in New York State. It has helped the hemp and CBD (cannabidiol) product company establish itself as a leader in the industry, as well as a dominant force in the Eastern Appalachian Region. The partnership allows for the study of hemp in order to determine which varieties grow better under different microclimates and on different terrains, and Charlotte’s Web has announced that the study has been renewed for an unspecified amount of time.
Charlotte’s Web CEO Deanie Elsner states in a company press release, “We are committed to developing the highest-quality hemp genetics optimized for growing in New York and the surrounding region. The Center for Discovery is internationally recognized for its innovative work in healthy farming practices, so we’re very proud to be an active partner supporting this research.”
The press release indicates that the Center for Discovery treats patients with complex disabilities and that it has been designated as a Center for Excellence in New York State. It is cultivating hemp using Charlotte’s Web’s organic farming processes, one of the company’s dedicated efforts to produce healthier hemp.
The CEO of the Center for Discovery, Patrick H. Dollard, states, “This agricultural research partnership is part of The Center’s bold mission to create life-changing advances through our Food is Medicine philosophy. We are proud to be working with Charlotte’s Web to advance hemp farming in New York State, and see great potential for additional growth and research.”
Charlotte’s Web Senior Director of Cultivation R&D Bear Reel adds, “Consumers are becoming more and more savvy about the benefits of organic and sustainable agriculture for their own health and the health of the planet. We are focused on helping people live better lives by making the highest-quality and consistent products, and it all starts with the genetics we put in the ground.”