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

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

Charlotte’s Web Price Performance

Shares of CWEB stock traded up C$0.01 on Thursday, hitting C$0.26. 8,847 shares of the company’s stock were exchanged, compared to its average volume of 125,516. 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 has a 12 month low of C$0.11 and a 12 month high of C$1.33. The stock has a market cap of C$70.54 million, a P/E ratio of -1.24 and a beta of 0.82. The company has a 50 day moving average of C$0.37 and a 200 day moving average of C$0.59.

Insider Transactions at Charlotte’s Web

In other Charlotte’s Web news, insider Raymond Kunkel bought 137,935 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were purchased at an average price of C$0.28 per share, for a total transaction of C$38,621.80. Following the completion of the transaction, the insider directly owned 914,929 shares in the company, valued at approximately C$256,180.12. The trade was a 17.75% increase in their position. 11.25% of the stock is currently owned by corporate insiders.

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.