Charlotte's Web Holdings, Inc.

Earnings data Q3 2024

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Charlotte's Web Holdings, Inc. engages in the business of farming, manufacturing, selling, and marketing hemp-derived cannabidiol wellness products. The firm is also involved in marketing innovative hemp extract wellness products under a family of brands which includes Charlotte’s Web, ReCreate, CBD Medic, and CBD Clinic. The company was founded by Jesse Stanley, Joel Stanley, and Jared Stanley on December 3, 2013 and is headquartered in Louisville, CO.

Launching Hemp CBD Wellness Benefits is an Industry First DENVER , July 12, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web," "CW" or the "Company"), the market leader in full-spectrum hemp extract CBD products, is the first company to achieve formulary approval and inclusion of its products in SBM LLC's exclusive employee benefits program. Through this employer-sponsored benefit plan, US employers can now confidently provide employees and their pets with coverage and access to Charlotte's Web products as an alternative health and wellness therapy.

Charlotte's Web Enters Employee Health Benefits Channel in Partnership with SBM, LLC.

Enters Safety Assessment Phase to Await Approval DENVER , July 1, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., ("Charlotte's Web" or the "Company"), the market leader in full-spectrum cannabidiol ("CBD") hemp extract wellness products, has passed validation in its Novel Food applications from the Food Standards Agency ("FSA") in the United Kingdom for its Original Formula full-spectrum hemp extract product. This marks a milestone for its Original Formula.

Charlotte's Web Full Spectrum "Original Formula" CBD Validated in UK Food Standards Agency Novel Foods Evaluation Process

DENVER and SCOTTSDALE, Ariz. , June 22, 2022 /PRNewswire/ - Massage Envy, the nation's No.

Massage Envy Enhances Massage and Skin Care Portfolio With CBD Offerings From Charlotte's Web, The World's Most Trusted Hemp Extract™

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DENVER , June 20, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc.,  ("Charlotte's Web" or the "Company"), the market leader in full-spectrum cannabidiol ("CBD") hemp extract wellness products, has appointed Greg Gould as the Company's Chief Financial Officer and Chief Administration Officer. Greg Gould is a senior finance executive with more than two decades of experience in Chief Financial Officer roles, leading multiple small and medium-sized businesses within the natural wellness and biopharmaceutical sectors.

Charlotte's Web Appoints Greg Gould Chief Financial Officer and Chief Administration Officer

Exclusive Agreement to support Chinese interest in hemp extracts DENVER, Colo. and HONG KONG , June 16, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web," "CW" or the "Company"), America's market leader in full-spectrum hemp extract CBD products, has signed an exclusive distribution agreement (the "Agreement") with Energy Hemp Biotechnology Ltd.

Charlotte's Web Appoints Energy Hemp Biotechnology Ltd. for Distribution in the Greater China Region

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Charlotte's Web reported the weakest quarter in years due in part to the wildfires in Colorado. The CBD company completed a restructuring in January that actually has business crucially cash flow breakeven.

Charlotte's Web: No Traction Yet

Studies indicate CBD Clinic™ hemp topicals for massage do not irritate, or penetrate into the bloodstream, after high-frequency, repeated use such as in massage therapy DENVER , May 25, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web," "CW" or the "Company"), the market leader in full-spectrum hemp extract CBD products, today announced results from a series of clinical research studies on frequent use of Charlotte's Web CBD Clinic™ branded topicals in regular and hot stone massage.    The studies included: Clinical Safety Testing (CBD Clinic™ Relax Massage Cream) – Repeated Insult Patch test Clinical Safety Testing (CBD Clinic™ Relax Massage Cream) – A five-week 60 subject clinical study The research found that high-frequency repeated use, typical with massage therapists, of Charlotte's Web CBD Clinic™ massage products did not lead to systemic absorption of cannabinoid metabolites in the bloodstream, nor did the products cause skin irritation.

Clinical Studies Support Charlotte's Web CBD Clinic™ Topicals as Safe for Massage and Frequent Use

The CBD specialist's latest research is reassuring, but the same can't be said for its financials.

Why Charlotte's Web Got High and Then Fell on Tuesday

Charlotte's Web Holdings, Inc. (OTCQX:CWBHF) Q1 2022 Earnings Conference Call May 17, 2022 11:00 AM ET Company Participants Cory Pala - Director, Investor Relations Jacques Tortoroli - Chief Executive Officer Jared Stanley - Chief Operating Officer Lindsey Jensen - Chief Financial Officer Conference Call Participants Harrison Vivas - Cowen Scott Fortune - ROTH Capital Partners Derek Dley - Canaccord Capital Matthew Baker - Cantor Fitzgerald Operator Good morning, ladies and gentlemen and welcome to Charlotte's Web Holdings, Inc. First Quarter Conference Call. [Operator Instructions] Also note that the call is being recorded on Tuesday, May 17, 2022.

Charlotte's Web Holdings, Inc. (CWBHF) CEO Jacques Tortoroli on Q1 2022 Results - Earnings Call Transcript

Two human safety studies provide evidence that further addresses FDA's requests for liver safety data DENVER , May 17, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) – Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the science-driven CBD industry pioneer and global market leader, today shared the conclusions of the combined first and second cohort of the industry-sponsored liver safety study.  Cohort two added another 222 adults who daily consumed hemp CBD tinctures orally for 60 days.

Good News for Daily CBD Consumers: Charlotte's Web Reports Second Cohort of CBD Safety Study Finds Zero Liver Toxicity and No Drowsiness

Revenue decrease largely due to lower eCommerce traffic 14.4% reduction in Operating Expenses Significant improvements in Operating Cash Flow EBITDA (1)  improved by $3.5 million DENVER , May 16, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF), Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in full-spectrum hemp extract wellness products, today reported financial results for the first quarter ended March 31, 2022. "While our e-commerce traffic was lower compared to prior periods, subscriptions more than doubled since Q1-2021.

Charlotte's Web Delivers Operating Improvements on Lower Revenue in First Quarter of 2022

DENVER , May 2, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in cannabidiol (CBD) hemp extract wellness products, will report its first-quarter financial results after the close of trading on May 16, 2022. A conference call to discuss the results is scheduled for the following day at 11:00 a.m.

Charlotte's Web Q1-2022 Earnings Call and Webcast Notice

Two new executive appointments didn't exactly cheer the company's investors.

Why Investors Weren't High on Charlotte's Web Stock Today

DENVER, April 25, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., ("Charlotte's Web" or the "Company"), the market leader in full-spectrum cannabidiol ("CBD") hemp extract wellness products, today announced management changes in finance and operations. Charlotte's Web Board of Directors has appointed Lindsey Jensen as Chief Financial Officer replacing Wes Booysen who is departing the Company to pursue other opportunities.

Charlotte's Web Announces Management Appointments in Finance and Operations

The company snared an important product standard in the U.K.

Why Charlotte's Web Flew High on Friday

UK Food Standards Agency will now proceed through the safety evaluation process DENVER , April 1, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc.,  ("Charlotte's Web" or the "Company"), the market leader in full-spectrum cannabidiol ("CBD") hemp extract wellness products, has achieved a milestone becoming one of the first companies to receive validation of its Novel Food applications from the UK Food Standards Agency ("FSA") for its full-spectrum hemp extracts in the United Kingdom. To date, most UK consumers have had access primarily to CBD isolate products and may be unaware of the potential benefits of the entourage effect from full-spectrum CBD like Charlotte's Web, which includes all of the cannabinoids, terpenes and flavonoids extracted from the whole hemp plant.

Charlotte's Web Among First Full-Spectrum CBD Added to the List of CBD Products Authorised for Sale in the UK Following Validation of its Novel Food Application

Charlotte's Web continues to struggle while the CBD market lacks the FDA regulations needed for full speed ahead.

Charlotte's Web: Still Down, But Not Out

Things aren't going in the right direction for the CBD products specialist, but there are some reasons for cautious optimism.

Charlotte's Web Stock Sank Today: Is It a Buy Now?

The CBD leader reported disappointing Q4 results.

Why Charlotte's Web Stock Is Sinking Today

Charlotte's Web Holdings, Inc. (CWBHF) CEO Jacques Tortoroli on Q4 2021 Results - Earnings Call Transcript

2021 Revenue grew 1% to $96.1M Adjusted EBITDA1 Loss improved $5M to ($18.6M) $19.5M cash at December 31, 2021 DENVER , March 24, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF), Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in full spectrum hemp extract wellness products, today reported financial results for the fourth quarter and year ended December 31, 2021. Effective January 4, 2022, Charlotte's Web became a registrant of the U.S. Securities and Exchange Commission and subject to U.S. reporting requirements including the Company's financial statements and financial data to be presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Charlotte's Web Reports 2021 Fourth Quarter and Year-End Financial Results

The company had some good news to report from Europe.

Why Charlotte's Web Holdings Stock Popped by 4% Today

The world's best-selling CBD brand is partnering with a leading British CBD distributor as the UK hemp extract market continues to grow DENVER, March 21, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., ("Charlotte's Web" or the "Company"), the market leader in cannabidiol ("CBD") hemp extract wellness products, has signed an exclusive product distribution agreement in the United Kingdom with Savage Cabbage Ltd., one of the oldest and most trusted CBD companies in the UK, serving an active and loyal customer base of wellness seekers.

News for Charlotte's Web Holdings, Inc. Stock (CWBHF)