Wed. Sep 25th, 2024

Charlotte’s Web Holdings reported quarterly revenues of $21.7 million

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Charlotte’s Web Holdings, which makes whole-plant hemp health supplements, reported quarterly revenues of $21.7 million for the three months ended March 31, up almost 66% from the corresponding period last year ($13.1 million).

The Boulder, Colorado-based company reported net income of $2.3 million for the period, compared with $3.1 million last year.

Charlotte’s Web trades on the Canadian Securities Exchange under the ticker symbol CWEB.

More details about the company’s results can be found here.

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Categories: Briefs, CBD Products & CBD Business News, Colorado Hemp Business & Legal News, Hemp Finance, Investing and Banking News, Hemp Stocks & Public Companies

Source: https://hempindustrydaily.com/charlottes-web-reports-improved-quarterly-revenues-lower-net-income/

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