Julia Rivera//May 1, 2023//
Julia Rivera //May 1, 2023//
Press release: Charlotte’s Web
Charlotte’s Web Holdings, Inc., the market leader in cannabidiol (CBD) hemp extract wellness products is pleased to add Phillips Pet Food & Supplies, America’s largest distributor in the pet specialty retail channel, covering more than 6,000 retailers representing more than 14,000 retail locations.
Phillips boasts a broad assortment of pet specialty retail, paired with comprehensive customer touchpoints to drive engagement across its national footprint from independent boutique pet stores to regional chains and national chains and mass retailers. Initial orders have been shipped and Phillips will distribute the full line of Charlotte’s Web pet products, including topical pet products, and functionally focused CBD dog chews with synergistic ingredients to support specific health functions; Calming, Hips & Joints and Cognition.
The U.S. CBD pet market is estimated to be more than $400 million in retail sales annually according to the Brightfield Group (April 2023).
“We are thrilled to have Phillips as our national distribution partner for pet products. 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,” said Jacques Tortoroli, chief executive officer of Charlotte’s Web. “With Phillips we can substantially increase our distribution reach.”