• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    Charlotte’s Web Reports Increase in Hemp Planting

    Bryan Mc Govern
    Jun. 19, 2019 08:40AM PST
    Cannabis Investing News

    Charlotte’s Web Holdings reported an increase in its hemp planting for the 2019 growing season.

    Charlotte’s Web Holdings (TSX:CWEB,OTCQX:CWBHF) reported an increase in its hemp planting for the 2019 growing season.

    As quoted in the press release:

    In order to meet growing demand from consumer and retail channel partners, total acres planted for 2019 has been increased to 862, an 187 percent increase from 300 acres planted in 2018. In 2016, 2017 and 2018, the Company produced 41,000 pounds, 63,000 pounds and 675,000 pounds, respectively, of dried hemp biomass.

    “Interest and demand for our products has been exceptional and growing rapidly. Our 2019 planting strategy ensures we will have the required raw materials to deliver on production targets for Charlotte’s Web products through 2020 and into 2021,” stated Deanie Elsner, CEO of Charlotte’s Web. “Our leading CBD hemp varieties under cultivation today are the foundation of our 2020 production plan. Tens of thousands of Americans have come to rely on Charlotte’s Web products daily making it essential that our products are always available, efficacious and consistent day-to-day, bottle-to-bottle, year-to-year.”

    As quoted in the press release.

    cannabis investingtsx:cweb
    The Conversation (0)

    Go Deeper

    AI Powered
    Cannabis leaf on road marked with "2025," with sunlight in the background.

    New Cannabis Consumption Trends, Regulatory Shifts Seen Driving Market in 2025

    420 with CNW - MAGA Urges Trump Not to Change Marijuana's CSA Status

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×