Kroger to Sell Charlotte's Web's Hemp-Based CBD Products
The largest grocery retailer in the United States is now selling Charlotte's Web Holdings' (OTC: CWBHF) (TSX: CWEB) topical cannabidiol (CBD) products. Cannabidiol is a non-psychoactive component of cannabis that's best known for its perceived medical benefits.
The market leader in hemp-derived CBD extract products said on Monday that Kroger (NYSE: KR) has begun selling its goods in multiple states. Moreover, the supermarket chain plans to roll out those CBD products to a total of 1,350 stores in 22 states. The deal represents Charlotte's Web's largest distribution agreement through a single retailer.
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