Charlotte’s Web (TSE:CWEB) Insider Raymond Kunkel Acquires 137,935 Shares

Charlotte’s Web Holdings, Inc. (TSE:CWEB) insider Raymond Kunkel acquired 137,935 shares of Charlotte’s Web stock in a transaction that occurred on Thursday, September 3rd. The stock was acquired at an average cost of C$0.28 per share, with a total value of C$38,621.80. Following the completion of the purchase, the insider owned 914,929 shares in the company, valued at approximately C$256,180.12. This represents a 17.75% increase in their position.

Charlotte’s Web Stock Performance

Charlotte’s Web stock traded up C$0.02 on Friday, reaching C$0.44. 67,186 shares of the stock were exchanged, compared to its average volume of 148,638. The company has a current ratio of 4.19, a quick ratio of 1.41 and a debt-to-equity ratio of 23.29. Charlotte’s Web Holdings, Inc. has a twelve month low of C$0.10 and a twelve month high of C$1.33. The firm has a fifty day moving average price of C$0.39 and a two-hundred day moving average price of C$0.64. The stock has a market cap of C$119.37 million, a PE ratio of -2.10 and a beta of 0.81.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings data on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative net margin of 73.65% and a negative return on equity of 283.89%. The business had revenue of C$15.42 million during the quarter. Sell-side analysts anticipate that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current year.

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.