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Charlotte's Web Holdings Inc. (T:CWEB)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
Company Contact
Address: 700 TECH COURT
Tel: 1-416-5943849
IR: See website
Key People
William Morachnick
Chief Executive Officer, Director
Jessica Saxton
Chief Financial Officer
Jared Stanley
Chief Operating Officer
Stephen Rogers
Senior Vice President, General Counsel, Corporate Secretary
Sarah Cambridge
Chief Accounting Officer
Andrew Shafer
Chief Marketing Officer
Business Overview
Charlotte's Web Holdings, Inc. (Charlotte's) is engaged in providing hemp extract wellness products under a family of brands which includes Charlotte's Web, CBD Medic, CBD Clinic, and Harmony Hemp. Charlotte's 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. Charlotte's 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 products for pets. Charlotte's Web products are distributed to retail outlets and health care practitioners, as well as online through the Company's Website at
Financial Overview
For the six months ended 30 June 2023, Charlotte's Web Holdings Inc revenues decreased 14% to $33M. Net loss decreased 100% to $68K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Change in fair value of financial instru increase from $100K to $9.6M (income).
Employees: 170 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $37.56M as of Jun 30, 2023
Annual revenue (TTM): $93.15M as of Jun 30, 2023
EBITDA (TTM): -$53.49M as of Jun 30, 2023
Net annual income (TTM): -$57.96M as of Jun 30, 2023
Free cash flow (TTM): -$8.07M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 152,825,118 as of Jun 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization