Here’s their release
Charlotte’s Web, Holdings, Inc. reports that its subsidiary, Charlotte’s Web Inc. (“the “Company“), the market leader in hemp CBD wellness products hemp CBD wellness products and a Certified B Corporation, today secured a successful resolution of its trademark infringement and false advertising claims against AAXLL Supply Co LLC (“AAXLL“), owner of the Balance CBD brand. Charlotte’s Web filed a complaint against AAXLL on April 17, 2020 in which it alleged that AAXLL infringed Charlotte’s Web’s rights in its CHARLOTTE’S WEB trademark and had misrepresented that certain AAXLL products shared a terpene profile with hemp cultivars developed by Charlotte’s Web.
Under the stipulated judgment entered by U.S. District Judge Yvonne Gonzalez Rogers, AAXLL acknowledged that “(a) the CHARLOTTE’S WEB Mark is a valid and protectable trademark in connection with hemp, CBD products, and any products or services related thereto; (b) the CHARLOTTE’S WEB Mark is not a generic term; (c) Charlotte’s Web’s State California and Colorado State trademark registrations for the CHARLOTTE’S WEB Mark are valid and enforceable; and (d) Charlotte’s Web owns all right, title, and interest in and to the CHARLOTTE’S WEB Mark.” AAXLL also agreed to be permanently enjoined from using the CHARLOTTE’S WEB trademark in connection with advertising and promoting CBD products. In addition, the Court dismissed AAXLL’s unfair competition counterclaim and AAXLL’s challenges to the validity of the CHARLOTTE’S WEB trademark.
“The Charlotte’s Web trademark is a cornerstone of our intellectual property portfolio,” said Deanie Elsner, CEO of Charlotte’s Web Inc. “Today’s judgment underscores our ongoing commitment to vigorously protect our intellectual property, and we will continue to enforce our rights where necessary.”