Charlotte's Web Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 21, 2024 at 07:09 am EDT
Share
Charlotte's Web Holdings, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 63.16 million compared to USD 74.14 million a year ago. Net loss was USD 23.8 million compared to USD 59.31 million a year ago.
Basic loss per share from continuing operations was USD 0.0016 compared to USD 0.004 a year ago. Diluted loss per share from continuing operations was USD 0.0016 compared to USD 0.004 a year ago.
Charlotte's Web Holdings, Inc. (Charlotteâs) is engaged in providing hemp extract wellness products under a family of brands which includes Charlotteâs Web, CBD Medic, CBD Clinic, and Harmony Hemp. Charlotteâs Web branded products start with its hemp genetics that are 100% North American farm grown and manufactured into hemp extracts containing naturally occurring phytocannabinoids, including cannabidiol (CBD), cannabichromene (CBC), cannabigerol (CBG), cannabinol (CBN), terpenes, flavonoids and other beneficial hemp compounds. Charlotteâs Web product categories include full spectrum hemp extract oil tinctures (liquid products), gummies (sleep, calm, immunity, exercise recovery, daily wellness, THC-free), capsules, topical creams and lotions, as well as CBD pet products for dogs. Charlotteâs Web products are distributed to retail outlets and health care practitioners, as well as online through the Companyâs Website at www.Charlottesweb.com.
CHARLOTTE'S WEB HOLDINGS, INC. 
