Company Announcements

Science Meets Micro-dosed, Hemp-based THC Self-Care without the Wait

LOUISVILLE, Colo., May 27, 2025 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF), From a legacy leader in hemp wellness, Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") is thrilled to introduce Brightside™—a new line of low-dose THC gummies created to elevate your daily rituals. Designed for relaxation, focus, and recovery, Brightside by Charlotte's Web is built on a foundation of trust, quality, and purpose synonymous with the brand. Powered by cGMP excellence and B-Corp values, this isn't just a product launch—it's a movement toward mindful, empowered THC wellness.

Brightside speaks to the health-conscious consumer—those curious about THC or seeking a more measured, intentional experience. Powered by TiME INFUSION^® rapid onset technology, effects begin in just 5–15 minutes—significantly faster than traditional edibles. Each gummy features a micro-dose of hemp-based THC, paired with a purposeful blend of CBD, CBC, and CBG for a balanced, elevated experience.

The initial launch gummies will include:

• Rest & Relax : Your hangover-proof way to unwind and vibe. A microdose of THC + CBD melts away tension so you can enjoy the moment—no stress, no regrets.
• Focus & Flow : In just five minutes, one gummy flips the switch to full-focus mode—no lag, no distractions. With THC, CBD, and CBG, it sharpens your mind so you can power through anything from chores to creative bursts.
• Relieve & Ease : Snap, crackle, pop? Not anymore - this fast-acting gummy soothes soreness and mystery aches. Packed with CBD, THC, CBC, and CBG, it helps ease tension and gets you back to doing what you love.

"Brightside is for anyone who's ever wondered if hemp THC could fit into their wellness routine—but didn't know where to start. Brightside represents our strategic response to growing consumer demand for precision wellness solutions that integrate THC," said Bill Morachnick, CEO of Charlotte's Web. "We've leveraged advanced delivery technology and thoughtful formulations to create a product that's not only fast-acting and consistent, but also rooted in our commitment to safety, transparency, and evidence-based wellness. It's a smarter way to explore THC—designed for those who want to feel better with controlled experiences."

The launch of Brightside comes at a pivotal moment for the hemp industry as consumer demand for low-dose THC edibles continues to surge. This momentum aligns with Mr. Morachnick's participation in the upcoming panel at the Benzinga Cannabis Capital Conference on June 10th, titled "The Hemp Industry Divide: Quick Cash vs. Sustainable Growth." The panel will explore the critical choices facing brands and investors as the market matures, highlighting the importance of innovation grounded in trust, science, and long-term vision—principles that are core to the Brightside launch.

To learn more about the Benzinga conference or to attend the panel in person, please visit the Benzinga Cannabis Capital Conference website.

To learn more about Brightside, please visit www.charlottesweb.com/brightside.

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About Brightside Hemp-Derived THC Gummies

Brightside is a new line of fast-acting hemp-derived THC gummies from Charlotte's Web, designed to elevate your wellness journey with precision and care. Featuring three unique formulations—Relieve & Ease, Rest & Relax, and Focus & Flow—Brightside gummies combine micro- to moderate doses of THC with synergistic cannabinoids, offering targeted benefits in just 5-15 minutes. Brightside embodies a commitment to innovation and wellness, empowering individuals to enhance their daily experiences with curated cannabinoid formulations. Crafted for both the THC-curious and seasoned users, these gummies are made with US-grown hemp and are compliant with the 2018 Farm Bill. All products are marketed as dietary supplements and are not intended for sale to persons under the age of 21.

About Charlotte's Web Holdings, Inc.

Charlotte's Web Holdings, Inc., a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte's Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company's hemp extracts have naturally occurring botanical compounds including cannabidiol ("CBD"), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte's Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs. Through its substantially vertically integrated business model, Charlotte's Web maintains stringent control over product quality and consistency with analytic testing from soil to shelf for quality assurance. Charlotte's Web products are distributed to retailers and healthcare practitioners throughout the U.S.A. and are available online through the Company's website at www.charlottesweb.com.

Forward-Looking Information 

Certain information provided herein constitutes forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are typically identified by words such as "may", "will", "should", "could", "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "target", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements are not guarantees of future performance, and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties, and other factors which may cause actual results, levels of activity, and achievements to differ materially from those expressed or implied by such statements. The forward-looking statements contained in this press release are based on certain assumptions and analysis by management of the Company in light of its experience and perception of historical trends, current conditions, expected future development, and other factors that it believes are appropriate and reasonable.

The material factors and assumptions used to develop the forward-looking statements herein include, but are not limited to: regulatory regime changes; anticipated product development and sales; the success of sales and marketing activities; product development and production expectations; outcomes from R&D activities; the Company's ability to deal with adverse growing conditions in a timely and cost-effective manner; the availability of qualified and cost-effective human resources; compliance with contractual and regulatory obligations and requirements; availability of adequate liquidity and capital to support operations and business plans; and expectations around consumer product demand. In addition, the forward-looking statements are subject to risks and uncertainties pertaining to, among other things: supply and distribution chains; the market for the Company's products; revenue fluctuations; regulatory changes; loss of customers and retail partners; retention and availability of talent; competing products; share price volatility; loss of proprietary information; product acceptance; internet and system infrastructure functionality; information technology security; available capital to fund operations and business plans; crop risk; economic and political considerations; and including but not limited to those risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ending December 31, 2024, and other risk factors contained in other filings with the Securities and Exchange Commission available on www.sec.gov and filings with Canadian securities regulatory authorities available at www.sedarplus.ca. The impact of any one risk, uncertainty, or factor on a particular forward-looking statement is not determinable with certainty, as these are interdependent, and the Company's future course of action depends on management's assessment of all information available at the relevant time. 

Any forward-looking statement in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable law, the Company assumes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. All forward-looking statements, whether written or oral, attributable to the Company or persons acting on the Company's behalf, are expressly qualified in their entirety by these cautionary statements.

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SOURCE Charlotte's Web Holdings, Inc.