Charlotte's Web partners with Major League Baseball, shares soar

Charlotte's Web Holdings

12/10/2022 15:51

** Shares of Charlotte's Web Holdings  CWEB.TO  soar 20% to 
83 Canadian cents in early trading
    ** The cannabidiol (CBD) products maker and Major League
Baseball (MLB) jointly announce an exclusive multi-year
strategic partnership  urn:newsml:reuters.com:*:nPn8Kg5J6a
    ** CWEB says as MLB becomes the first major professional
sports league to form a sponsorship deal with a CBD company, the
partnership will increase CBD visibility to professional
athletes and fans
    ** CBD is the non-psychoactive ingredient in cannabis that
is derived from the hemp plant
    ** Accounting for session gains, stock down 35% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))