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

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

Charlotte’s Web Trading Up 4.8%

Charlotte’s Web stock opened at C$0.44 on Friday. The stock has a market cap of C$119.37 million, a P/E ratio of -2.10 and a beta of 0.81. The company has a debt-to-equity ratio of 23.29, a current ratio of 4.19 and a quick ratio of 1.41. Charlotte’s Web Holdings, Inc. has a 1 year low of C$0.10 and a 1 year high of C$1.33. The firm’s 50 day moving average price is C$0.39 and its 200-day moving average price is C$0.64.

Charlotte’s Web (TSE:CWEB) last released its earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$15.42 million during the quarter. Charlotte’s Web had a negative return on equity of 283.89% and a negative net margin of 73.65%. On average, equities analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current fiscal 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.