Charlotte’s Web Announces Research and Development Arm
[dropcap class=”kp-dropcap”]C[/dropcap]harlotte’s Web Holdings, Inc. announced the launch of Charlotte’s Web Labs (CW Labs) on March 13, according to a press release. CW Labs will serve as an internal division for research and development, and expand efforts to improve the science of hemp-derived phytocannabinoids, terpenes and flavonoid compounds.
Charlotte’s Web is placing its existing R&D team under the leadership of its newly hired Senior Vice President of Innovation, Tim Orr. “I am proud to lead CW Labs in support of Charlotte’s Web’s innovation and scientific discovery,” stated Orr. “With science driving new formulation development and product efficacy, CW Labs acts as an engine of innovation to create new high-quality products and innovative delivery systems to customers who have come to trust and rely on Charlotte’s Web.”
An expanded team of about a dozen external and internal research specialists based in Buffalo, New York and Boulder, Colorado will take over the new project and expand the exiting R&D team. CW Labs goal is to advance the science of full-spectrum extracts from hemp, “bred to express cannabinoids including cannabidiol (CBD), cannabidiolic acid (CBDA), cannabigerol (CBG), cannabinol (CBN), cannabichromine (CBC), and other naturally occurring hemp-derived compounds.”
CW Labs will be located in the Hauptmann Woodward Research Institute on the campus of the University at Buffalo’s Jacobs School of Medicine and The Center for Integrated Global Biomedical Sciences. Its efforts will include collaborations with the State University of New York’s (SUNY) network of 64 national and international research and medical institutions.
“The launch of CW Labs formalizes our reach into the science, efficacy and safety of hemp plant compounds,” stated Deanie Elsner, CEO of Charlotte’s Web. “CW Labs demonstrates our commitment to innovation and our cutting-edge position with consumer wellness products derived from our proprietary hemp. We want to thank Governor Cuomo for his leadership in this space and we are looking forward to being even a bigger part of things in New York through our partnership with SUNY in the great city of Buffalo.”
