Charlotte’s Web (TSE:CWEB) Releases Earnings Results

Charlotte’s Web (TSE:CWEB) released its quarterly earnings results on Thursday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports. Charlotte’s Web had a negative net margin of 74.93% and a negative return on equity of 2,056.41%. The firm had revenue of C$15.42 million during the quarter.

Charlotte’s Web Stock Up 6.3%

TSE:CWEB traded up C$0.03 during midday trading on Thursday, reaching C$0.42. 2,320 shares of the stock traded hands, compared to its average volume of 155,129. Charlotte’s Web has a 12-month low of C$0.10 and a 12-month high of C$1.33. The business has a 50-day moving average of C$0.41 and a two-hundred day moving average of C$0.68. The company has a debt-to-equity ratio of -431.59, a quick ratio of 1.41 and a current ratio of 3.35. The stock has a market capitalization of C$113.63 million, a PE ratio of -1.83 and a beta of 0.80.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.