Charlotte’s Web’s 2019 planted hemp acreage up nearly 200 percent
BOULDER — Charlotte’s Web Holdings Inc. (TSX:CWEB), a Boulder-based CBD producer, planted 862 acres during the 2019 growing season, up from 300 in the previous season.
That’s a year-over-year increase of 187 percent.
“Interest and demand for our products have been exceptional and growing rapidly,” Charlotte’s Web CEO Deanie Elsner said in a prepared statement. “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.”
Of Charlotte’s Web’s 2019 planted hemp acres, 166 are in Colorado, 325…
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