Charlotte's Web Commends Representative Griffith for Leadership Introducing Hemp Enforcement, Modernization, and Protection (HEMP) Act

HEMP Act Establishes FDA Oversight, Manufacturing Standards, and Consumer Safety Requirements While Preserving Legal Market for Compliant CBD Products

LOUISVILLE, Colo., Jan. 23, 2026 /CNW/ - (TSX: CWEB) (OTC: CWBHF) Charlotte's Web Holdings, Inc., the industry leader in hemp-derived wellness, today commends Representative Morgan Griffith (R‑VA) for his leadership following the release of federal hemp legislation and for recognizing the voices of consumers whose lives depend on safe, lawful access to hemp-derived products.

At this pivotal moment for the industry, Charlotte's Web supports Representative Griffith's leadership in driving a federal legislative framework that prioritizes consumer safety while safeguarding access to responsibly manufactured products relied upon by millions of Americans, including patients, families, veterans, and those managing chronic health needs.

"Representative Griffith has demonstrated real leadership by understanding that smart policy must protect consumers without cutting off access to products that are essential to their daily lives," said Bill Morachnick, CEO of Charlotte's Web. "This is not an abstract policy debate, these decisions directly impact families and consumers who depend on hemp-derived products for health, stability, and quality of life."

Charlotte's Web emphasized that a balanced regulatory approach must clearly target unsafe and illicit products while safeguarding established, compliant hemp-derived cannabinoids that have been lawfully sold and responsibly used for years.

In addition, Charlotte's Web thanks Paige Figi and her organization, Coalition for Access Now, for its decisive leadership in uniting lawmakers, patient advocates, scientists, and responsible businesses around a shared goal: a safe, transparent, and science-based hemp marketplace that works for consumers.

"Years of advocacy, research, and perseverance have led us here, to the point where safety and access can no longer be separated," Morachnick added. "We are encouraged to see growing support from lawmakers across both sides of the aisle who understand the need for a responsible, consumer‑first hemp framework."

About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc., a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and market leader in hemp extract wellness. The Company's product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery), CBN gummies, CBG gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams and lotions, as well as CBD pet products for dogs. Through its substantially vertically integrated business model, Charlotte's Web maintains stringent control over product quality and consistency with analytic testing for quality assurance. Charlotte's Web products are distributed to retailers and healthcare practitioners throughout the U.S.A. and are available online through the Company's website at www.charlottesweb.com.

Forward-Looking Information
Certain information provided herein constitutes forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are typically identified by words such as "may", "will", "should", "could", "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "target", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements.

By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties, and other factors which may cause actual results, levels of activity, and achievements to differ materially from those expressed or implied by such statements. The forward-looking statements contained in this press release are based on certain assumptions and analysis by management of the Company in light of its experience and perception of historical trends, current conditions and expected future development and other factors that it believes are appropriate and reasonable.

The material factors and assumptions used to develop the forward-looking statements herein include, but are not limited to: expectations regarding potential federal hemp regulation; anticipated product development and sales; the success of sales and marketing activities; product development and production expectations; outcomes from R&D activities; the Company's ability to deal with adverse growing conditions in a timely and cost-effective manner; the availability of qualified and cost-effective human resources; compliance with contractual and regulatory obligations and requirements; availability of adequate liquidity and capital to support operations and business plans; and expectations around consumer product demand. In addition, the forward-looking statements are subject to risks and uncertainties pertaining to, among other things: supply and distribution chains; the market for the Company's products; revenue fluctuations; regulatory changes; loss of customers and retail partners; retention and availability of talent; competing products; share price volatility; loss of proprietary information; product acceptance; internet and system infrastructure functionality; information technology security; available capital to fund operations and business plans; crop risk; economic and political considerations; and including but not limited to those risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ending December 31, 2024, and other risk factors contained in other filings with the Securities and Exchange Commission available on http://www.sec.gov and filings with Canadian securities regulatory authorities available at www.sedarplus.ca. The impact of any one risk, uncertainty, or factor on a particular forward-looking statement is not determinable with certainty, as these are interdependent, and the Company's future course of action depends on management's assessment of all information available at the relevant time.

Any forward-looking statement in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable law, the Company assumes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. All forward-looking statements, whether written or oral, attributable to the Company or persons acting on the Company's behalf, are expressly qualified in their entirety by these cautionary statements.

SOURCE Charlotte's Web Holdings, Inc.

Charlotte's Web Media Contact: [email protected]; Shareholder contact: Cory Pala, Director of Investor Relations, [phone], [email protected]