Charlotte’s Web Sign Off On Deal To Get Their Products Into Hong Kong & Greater China … Good Luck With That

Charlotte’s Web Sign Off On Deal To Get Their Products Into Hong Kong & Greater China … Good Luck With That
CANNANNEW REPORT

Recent reports from Hong Kong have shown that the authorities don’t appear overly enamoured with CBD products and like everybody else we, at CLR, are clueless as to the reality of CBD “legality” on the mainland. If anybody tells you they know they are outright lying straight  to your face CW are either playing a very long game or it’s the usual modus operandi of the Chinese distributor offering the earth but the sad reality is that not much will actually happen (CLR was based in HK for a decade and we can assure you, dear reader, we heard many a similar sob story) If Charlottes Web think that this deal will boost the long term decline of their stock from the glory day of 2018-19 we wish them the best of luck but won’t be joining them on that journey. Anyway– this is what they say will happen in their press release Under the terms of the Agreement, Energy Hemp will have exclusive distribution rights for Charlotte’s Web line of THC-free broad-spectrum CBD products within the Greater China territory with initial availability planned for Hong Kong, Taiwan and Macao. Product SKUs will include gummies, capsules and oil tinctures, with plans to extend offerings over time. A flagship Charlotte’s Web retail store, owned and operated by Energy Hemp is planned for Hong Kong in 2023.   Sounds fantastic doesn’t it. Until you read this China has a large aging population and CBD hemp extracts are often sought to help alleviate some of the discomforts of old age.  In addition, hemp extract products may help support sleep and daily stress among the younger generations of Chinese that are managing high-pressure lives. In the coming months, Energy Hemp plans to launch a direct-to-consumer e-commerce web store to service the territories of Hong Kong, Taiwan and Macau, providing much of the Chinese population with access to the wellness benefits of Charlotte’s Web…

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Source : Charlotte’s Web Sign Off On Deal To Get Their Products Into Hong Kong & Greater China … Good Luck With That

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