LOUISVILLE, COLO. — Charlotte’s Web Holdings, Inc., a producer of CBD wellness products for humans and pets, announced a distribution partnership with Phillips Pet Food & Supplies. The distributor will carry Charlotte’s Web’s products to more than 6,000 retailers, representing more than 14,000 stores.
According to data from the Brightfield Group, the CBD market within the United States currently generates more than $400 million in retail sales annually. With this in mind, Charlotte’s Web is determined to capitalize on this growing market. The company offers a variety of CBD products for pets, ranging from functional chews targeting specific health ailments and infused with hemp, to full-spectrum hemp extract drops.
Phillips Pet Food & Supplies distributes a broad portfolio of pet products to the pet specialty retail channel. The company has already begun carrying Charlotte’s Web’s entire line of pet products.
“We are thrilled to have Phillips as our national distribution partner for pet products,” said Jacques Tortoroli, chief executive officer of Charlotte’s Web. “We believe we are just beginning to see where this segment can go and look forward to growing together as we further build this channel. With Phillips we can substantially increase our distribution reach.”
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