BOULDER, Colo., March 25, 2021 / PRNewswire / – Charlotte’s Web, Holdings, Inc. reports that its subsidiary Charlotte’s Web Inc. (“the” Company “) (TSX: CWEB) (OTCQX: CWBHF) is a leader in hemp CBD Wellness Products, Hemp CBD Wellness Products and a Certified B Corporation secured a successful resolution of their trademark infringement and false advertising claims against AAXLL Supply Co LLC (“AAXLL”), owner of the Balance CBD brand, today. Charlotte’s Web filed a complaint against AAXLL on April 17, 2020 alleging that AAXLL had infringed Charlotte’s Web’s rights to the CHARLOTTE’S WEB trademark and misrepresented that certain AAXLL products had a terpene profile with hemp strains owned by Charlotte’s Web were developed.
In the ruling issued by US District Judge Yvonne Gonzalez Rogers, AAXLL acknowledged that “(a) CHARLOTTE’s WEL Mark is a valid and protectable trademark associated with hemp, CBD products and related products or services; (b) the CHARLOTTE’S WEB mark is not a generic term; (c) Charlotte’s Web in the state of California and the state of Colorado for the CHARLOTTE WEL Mark are valid and enforceable. and (d) Charlotte’s Web owns all rights, title, and interest in and for the CHARLOTTE’S WEB mark. “AAXLL also agreed to permanently prohibit the use of the CHARLOTTE’S WEB trademark in connection with the advertising and promotion of CBD products. In addition, the court dismissed the counterclaim against unfair competition by AAXLL and the challenge of the validity of the CHARLOTTE’S WEB trademark by AAXLL.
The Charlotte’s Web brand is a cornerstone of our intellectual property portfolio. Today’s judgment underscores our continued commitment to vigorously protecting our intellectual property, and we will continue to enforce our rights if necessary.
Deanie Elsner, CEO of Charlotte’s Web Inc.
About Charlottes Web Holdings, Inc.
Charlotte’s Web Holdings, Inc., a certified B Corporation headquartered in Boulder, Colorado, is a leader in the manufacture and sale of innovative wellness products made from hemp cannabidiol (“CBD”) under a family of brands including Charlotte’s Web ™. CBD Medic ™, CBD Clinic ™ and Harmony Hemp. The company’s high quality products start with the company’s proprietary hemp genetics, grown 100 percent in American farms and processed into whole plant hemp extracts that contain a full spectrum of naturally occurring phytocannabinoids, including CBD, CBC, CBG, terpenes, flavonoids, and other beneficial ones Hemp compounds. Charlotte’s web product categories include CBD oil tinctures (liquid products), CBD gums (sleep, stress, inflammation recovery), CBD capsules, CBD topical creams and lotions, and CBD pet products for dogs. Charlotte’s Web is the number one CBD brand in the United States and is sold through 22,000+ retail locations, select distributors, and online through the company’s website at www.CharlottesWeb.com
Charlotte’s Web was founded by the Stanley Brothers with the aim of unleashing the healing powers of plants through compassion and science, for the benefit of the planet and all who live on it. Charlotte’s Web is a socially and environmentally conscious company and is committed to using business as a driver and catalyst for innovation. The company evaluates informed business decisions by considering the impact of its efforts on employees, customers, the environment and diverse communities. The rate the company pays for agricultural products reflects a fair and sustainable rate that leads to higher yields, promotes regenerative farming practices, and supports U.S. farming communities. Management is of the opinion that its socially and environmentally conscious actions have a positive effect on customers, suppliers, employees and stakeholders. Charlotte’s Web donates a portion of its pre-tax income to charitable organizations.
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Original press release
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