Charlotte’s Web defends trademark

BOULDER — Charlotte’s Web Holdings Inc. (TSX: CWEB) (OTCQX: CWBHF) this week “secured a successful resolution of its trademark infringement and false advertising claims against AAXLL Supply Co. LLC, owner of the Balance CBD brand,” according to a company news release. 

CW filed a trademark complaint last year claiming AAXL “misrepresented that certain AAXLL products shared a terpene profile with hemp cultivars developed by Charlotte’s Web,” the release said. 

AAXLL has been permanently enjoined from using the Charlotte’s Web trademark, a U.S. District Court judge ruled.

“The Charlotte’s Web trademark is a cornerstone of our intellectual property portfolio,” CW CEO Deanie Elsner said…