Charlotte's Web Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 07:11 am EST
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Charlotte's Web Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 14.29 million compared to USD 17.04 million a year ago. Net loss was USD 15.14 million compared to USD 7.59 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.05 a year ago.
For the nine months, sales was USD 47.31 million compared to USD 55.27 million a year ago. Net loss was USD 15.21 million compared to USD 24.08 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.17 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.