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

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

Charlotte’s Web Trading Up 3.8%

TSE:CWEB opened at C$0.41 on Friday. The company has a market capitalization of C$110.93 million, a PE ratio of -1.78 and a beta of 0.80. Charlotte’s Web has a 52-week low of C$0.10 and a 52-week high of C$1.33. The stock’s 50 day moving average price is C$0.41 and its 200 day moving average price is C$0.68. The company has a quick ratio of 1.41, a current ratio of 3.35 and a debt-to-equity ratio of -431.59.

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Charlotte’s Web Company Profile

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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.

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