Louisville, Colorado--(Newsfile Corp. - September 2, 2026) - Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF), the market leader in hemp extract wellness products, today welcomed the U.S. House of Representatives' passage of the continuing resolution (CR), which was approved by a vote of 370-48, following the Senate's earlier passage of the measure. The legislation will now be sent to the President for signature and enactment into law.

The passage of the CR helps ensure continuity of government operations while providing additional time until December 11, 2026, for Congress to complete work on longer-term policy priorities. This measure delays the November 12th ban on naturally derived hemp products while maintaining the prohibition on synthetic cannabinoids.

"Charlotte's Web appreciates the House's action to advance this legislation and give Congress time to develop thoughtful regulation that separates naturally derived, therapeutic products from intoxicating synthetics and high-THC products," said Bill Morachnick, CEO of Charlotte's Web. "Regulatory certainty is critical for businesses, consumers, farmers, and stakeholders across the hemp industry. We are encouraged to see lawmakers come together to advance an opportunity for the broader policy discussions to continue."

As the nation's leading hemp CBD wellness company, Charlotte's Web remains committed to advocating for science-based regulations and a clear federal framework that protects consumers, supports responsible businesses, and enables continued innovation across the hemp-derived product marketplace.

Mr. Morachnick added, "The future of therapeutic hemp should not be defined by the highest-risk products in the category. It should be defined by consumer safety, product integrity, and science. We believe lawmakers can deliver a framework that protects Americans while preserving access to the wellness products that have helped so many people improve their quality of life."

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 a market leader in hemp extract wellness that includes Charlotte's Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. Through its substantially vertically integrated business model, Charlotte's Web maintains stringent control over product quality and consistency with analytic testing from soil to shelf. Shares of Charlotte's Web trade on the TSX under the symbol "CWEB" and are quoted in U.S. Dollars in the United States on the OTCQX under the symbol "CWBHF".

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.

Specifically, this press release contains forward-looking statements relating to, but not limited to: the enactment, timing, scope and effect of the Continuing Resolution and of any amendment to Section 781; the timing of Presidential signature and enactment; the scope of restrictions taking effect on November 12, 2026 and December 11, 2026; the eligibility of the Company's products under any resulting federal framework; the Administration's position with respect to hemp policy; and the Company's expectations regarding the development of a durable federal regulatory framework. Risks and uncertainties include, among other things: failure of Congress to enact the Continuing Resolution or any longer-term hemp framework, or enactment on terms less favorable than anticipated; changes to the scope or timing of the provisions described herein; and the risk factors discussed under the heading "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K and other filings available at https://www.sec.gov and https://www.sedarplus.ca.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312599

Source: Charlotte's Web Holdings, Inc.