Unprecedented Sales Reported by Wholesalers and Retailers across the U.S.
COSTA MESA, CA / ACCESSWIRE / April 22, 2021 / Charlie's Holdings, Inc. (OTC PINK:CHUC) ("Charlie's" or the "Company"), an industry leader in both the premium, nicotine-based, e-cigarette space and the hemp-derived, CBD wellness space, today announced that, upon their introduction in the United States last month, Pachamama Disposables™ became Charlie's first-ever entrant into the rapidly expanding U.S. disposable e-cigarette market and the fastest selling new product in the Company's history. Containing 100% tobacco-free nicotine, Pachamama Disposables™ are designed to offer adult smokers a less harmful, more enjoyable alternative to combustible cigarettes.
Millions of adults around the world seek better technologies and more responsible ways to enjoy nicotine. Market share data shows that disposable e-cigarettes already represent a $600 million - and growing - market in the $7 billion total U.S. e-cigarette market. Charlie's has endeavored to meet the needs of consumers by entering this new vertical market with the creation of Pachamama Disposables™ ̶ an adult-only, recreational use, consumer product that is simple to use, discreet, and immensely satisfying.
Designed to provide adult smokers with an alternative to combustible tobacco products, Charlie's first-ever disposable delivers vape shop-quality Pachamama™ e-liquids in a compact, state-of-the-art device. The Company sold out of its entire initial stock in fewer than 21 days. This early success suggests that the disposable e-cigarette category could represent tens of millions of dollars in new revenue to Charlie's. New Pachamama™ shipments - available in nine flavors - will be available to select wholesale and retail accounts in May. The Company will not sell any Pachamama Disposables™ direct to consumers.
"Pachamama - which means "Mother Earth" in Incan - is reflective of our primary mission of providing consumers with quality products that are ethically sourced… while also encouraging mindfulness and respect for each other and for our planet." explained Ryan Stump, Charlie's Holdings Chief Operating Officer. "Responsible manufacturing practices, meticulous attention to detail, and an unrelenting commitment to quality are keystones of our business. We are excited to bring Pachamama Disposables™ to a class of adult consumers who are looking to utilize the best technologies and the finest quality ingredients when they choose to consume and enjoy nicotine."
Brandon Stump, Charlie's Holdings Chief Executive Officer, reported, "It is estimated that more than 20% of the world's population consumes nicotine in some format. As a Company, we believe that our new technologies and products can provide adult consumers with a better, more responsible and therefore more enjoyable means of experiencing nicotine. Now that we have launched Pachamama Disposables™ in the United States, later this year our distribution will expand into more than 75 international markets where we expect to introduce millions of adult consumers to the extraordinary Pachamama™ sensory experience. We are very excited about what this launch - and the new $600 million market opportunity - will mean for our customers and our Company!"
About Charlie's Holdings, Inc.
Charlie's Holdings, Inc. (OTC PINK:CHUC) is an industry leader in both the premium, nicotine-based, e-cigarette space and the hemp-derived, CBD wellness space through its subsidiary companies Charlie's Chalk Dust, LLC and Don Polly, LLC. Charlie's Chalk Dust produces high quality vapor products currently distributed in more than 90 countries around the world. Charlie's Chalk Dust has developed an extensive portfolio of brand styles, flavor profiles and innovative product formats. Launched in June of 2019, Don Polly, LLC formulates innovative hemp-derived CBD wellness products. Don Polly's high quality CBD products derive from single-strain-sourced hemp extract and high purity CBD isolate crystals.
Safe Harbor Statement
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SOURCE: Charlie's Holdings, Inc.