Charlotte's Web Holdings, Inc. (OTCQX:CWBHF) (TSX:WEB) , the market leader in full-spectrum hemp extract CBD products, is the first company to achieve formulary approval and inclusion of its products in SBM LLC's exclusive employee benefits program. Through this employer-sponsored benefit plan, US employers can now confidently provide employees and their pets with coverage and access to Charlotte's Web products as an alternative health and wellness therapy.
"With almost 4,000 CBD brands for sale in the U.S., we are selecting Charlotte's Web as our flagship full-spectrum hemp extract offering," stated Bryan Perry, chief commercial officer. Attaining SBM product formulary inclusion required Charlotte's Web to show proof of clinical human safety data. In addition, Charlotte's Web must demonstrate ongoing good quality manufacturing, lot-specific product labeling matching certificates of authenticity, customer education, and attractive pricing.
