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

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

Charlotte’s Web Price Performance

Shares of CWEB stock opened at C$0.41 on Friday. Charlotte’s Web has a 1 year low of C$0.10 and a 1 year high of C$1.33. The company has a current ratio of 3.35, a quick ratio of 1.41 and a debt-to-equity ratio of -431.59. The firm’s 50 day moving average is C$0.40 and its 200-day moving average is C$0.68. The firm has a market capitalization of C$112.28 million, a price-to-earnings ratio of -1.80 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.