Charlotte’s Web (TSE:CWEB) Issues Quarterly Earnings Results

Charlotte’s Web (TSE:CWEB) released its quarterly earnings results on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$13.37 million for the quarter. Charlotte’s Web had a negative net margin of 73.65% and a negative return on equity of 283.89%.

Charlotte’s Web Stock Performance

TSE CWEB opened at C$0.27 on Friday. The company has a market capitalization of C$71.89 million, a price-to-earnings ratio of -1.26 and a beta of 0.82. The company has a quick ratio of 1.41, a current ratio of 4.19 and a debt-to-equity ratio of 23.29. Charlotte’s Web has a twelve month low of C$0.11 and a twelve month high of C$1.33. The stock has a fifty day simple moving average of C$0.37 and a 200 day simple moving average of C$0.58.

Insider Buying and Selling

In related news, insider Raymond Kunkel bought 137,935 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were purchased at an average cost of C$0.28 per share, with a total value of C$38,621.80. Following the acquisition, the insider owned 914,929 shares of the company’s stock, valued at C$256,180.12. This represents a 17.75% increase in their ownership of the stock. Insiders own 11.25% of the company’s stock.

Charlotte’s Web Company Profile

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.