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Regulatory Headwinds Harm CBD Sales For Charlotte's Web: YoY Drop In Q3 Revenue, Gross Profit
Thursday, November 9, 2023 - 10:37am | 783Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported its third-quarter results on Thursday for the three months ended Sept. 2023, revealing a nearly 16% year-over-year decrease in revenue to $14.3 million. The sum included $9.4 million in direct-to-consumer net revenue...
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Former Reynolds American Executive Joins Charlotte's Web As New CEO
Wednesday, September 13, 2023 - 11:47am | 519Cannabis company Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) tapped William Morachnick to serve as its new chief executive officer, succeeding CEO Jacques Tortoroli, who resigned from his roles at the Louisville, Colorado-based company. Tortoroli, who succeeded former CEO...
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The Future Of This Cannabis Company Is At Risk Says Co-Founder Seeking Changes To The Board Of Directors
Monday, June 12, 2023 - 8:12am | 697Jesse and Joel Stanley (the “concerned shareholders”), co-founders of Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (TSX:CWEB), have submitted instructions to “WITHHOLD” votes for four of six of the company’s director nominees – namely, John Held, Jacques...
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Charlotte's Web Launches ReCreate CBD Brand Offering Benefits Of Whole-Plant Hemp Extract With Botanicals And Other Functional Ingredients
Tuesday, April 18, 2023 - 10:25am | 407Charlotte's Web Holdings, Inc. (OTCQX: CWBHF) (TSX:CWEB) is expanding its portfolio of brands with the introduction of ReCreate. "ReCreate by Charlotte's Web initially launching for sports and fitness represents the first step in its expansion into lifestyle cultural verticals,"...
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Key Marijuana Executive Changes As Year End Approaches: Meet Leadership Team Of New Hemp Organization & More
Thursday, December 22, 2022 - 5:00pm | 838Federation Of International Hemp Organizations Names Leadership Team The Federation of International Hemp Organizations has appointed Fredéric Vallier, who served as secretary general of the Council of European Municipalities and Regions for 12 years, as its first-ever director general,...
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Charlotte's Web Reports 2022 Third Quarter Financial Results
Monday, November 14, 2022 - 8:24pm | 730Charlotte’s Web Holdings, Inc., (TSX: CWEB) (OTCQX: CWBHF), producer of full-spectrum hemp extract wellness products, reported its financial results on Monday for the third quarter ended September 30, 2022. Q3-2022 Financial Review For the three-month period ended September 30, 2022, net...
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Charlotte's Web Signs European Specialty Distributor Stark Foods International
Thursday, November 10, 2022 - 11:47am | 414Charlotte's Web Holdings, Inc. (TSX:CWEB) (OTCQX: CWBHF) announced a new distribution agreement with Stark Foods International, a distributor of European specialty food and beauty products to grocery and retail. Stark Foods distributes some of the world's top food brands with coast-to-coast...
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Tilray To Launch Charlotte's Web Full Spectrum Hemp CBD Products Across Canada
Wednesday, November 2, 2022 - 7:36am | 430Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) and Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (TSX:CWEB) have entered into a strategic alliance which includes licensing, manufacturing, quality, marketing and distribution for Charlotte’s Web CBD hemp extract products in Canada. “...
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Why Charlotte's Web Shares Are Trading Higher Today
Tuesday, October 4, 2022 - 10:56am | 427Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) announced a national distribution partnership with Gopuff, a go-to delivery platform, on Tuesday. Charlotte's Web offerings first launched on Gopuff this summer in select markets, including Arizona, Illinois, California and New York...
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Charlotte's Web Expands Its CBD Products Distribution In Partnership With Southern Glazer's
Monday, September 26, 2022 - 11:40am | 363Charlotte's Web Holdings, Inc. (OTCQX: CWBHF) (TSX:CWEB) has signed a multi-year distribution agreement with Southern Glazer's Wine & Spirits. Charlotte's Web CBD gummies, capsules and oil tinctures will be available through Southern Glazer's retail customer network. Southern...
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Charlotte's Web Q2 Revenue Decreases 21% YoY, Here Are The Details
Tuesday, August 9, 2022 - 8:02am | 547Charlotte's Web Holdings, Inc. (OTCQX: CWBHF) released financial results for the second quarter ended June 30, 2022, revealing net revenue was $18.9 million, a decrease of 21.8% versus $24.2 million in Q2 2021. Q2 2022 Financial Highlights Gross profit was $9.3 million, or 49.4% of revenue...
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Charlotte's Web Enters Employee Health Benefits Channel In Partnership With SBM
Tuesday, July 12, 2022 - 7:57am | 576Charlotte's Web Holdings, Inc. (OTCQX: CWBHF) (TSX: WEB) , 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...
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Cannabis Movers & Shakers: BellRock Brands, Hometown Hero CBD & Charlotte's Web
Wednesday, June 22, 2022 - 2:39pm | 570BellRock Brands Shakes Up Management Team BellRock Brands Inc. (CSE: BRCK.U) announced that C.J. Chapman, the company’s executive vice president, general counsel and corporate secretary is leaving the company effective July 4, 2022. Under C.J.'s legal stewardship,...
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Charlotte's Web Sponsors Women's Soccer Team Co-Founded By Natalie Portman And Has Struck A Deal In China
Thursday, June 16, 2022 - 6:27pm | 664Angel City Football Club (ACFC), a team in the National Women's Soccer League co-founded by Academy Award-winning actress and activist Natalie Portman, announced that Charlotte's Web Inc. (TSX: CWEB) (OTCQX: CWBHF) will be the team's official CBD partner. Through the Angel City...
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Charlotte's Web Delivers Operating Improvements On Lower Revenue In First Quarter 2022
Monday, May 16, 2022 - 6:17pm | 776Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) 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. With e-commerce revenue down...