Charlotte’s Web Hemp (CNQ: CWEB) already has an established relationship with The Vitamin Shoppe (TVS) to carry the Colorado-based company’s line of cannabidiol (CBD) hemp extract oil tinctures and liquid capsules, but the relationship is getting even bigger. Charlotte’s Web has announced that it has expanded the agreement and that TVS will soon begin to offer the company’s line of CBD gummies. This will allow Charlotte’s Web to have an even more prominent retail footprint, with TVS carrying the new products in 738 stores in 45 different states.
Deanie Elsner, the company’s CEO, said in a statement about the new agreement, “This nationwide pickup of our popular new gummy line by The Vitamin Shoppe is very exciting to report. Working with a trusted retail partner that is dedicated to helping its customers become their best self, allows us to effectively expand our national footprint giving more Americans retail access to our leading CBD hemp extract wellness products. We are thrilled about The Vitamin Shoppe’s decision to expand their offering with our new chewable gummies.”
Charlotte’s Web introduced its gummies this past June. They’re made with whole-plant extract from the company’s own hemp farms and are designed to provide relief for a variety of health issues, including pain and stress, and to help recover from exercise and active lifestyles. Gummies have been a popular form of consuming CBD due to their familiar shapes, tastes and convenient sizes.
TVS CEO Sharon Leite adds, “As part of our commitment to offering innovative, high-quality CBD hemp extract products to our customers, The Vitamin Shoppe is pleased to expand our partnership with Charlotte’s Web, a pioneer in this space. Their capsule and gummy formulas provide new ways to experience the wellness benefits of CBD hemp extract, a trend that has resonated deeply with our customers as we continue to establish The Vitamin Shoppe as a trusted leader in this category.”