Charlotte’s Web reports improved quarterly revenues, lower net income
CBDColoradoIndustrial Hemp NewsMarijuana Laws, Regulations, & Politics May 28, 2019 MJ Shareholders 0
Charlotte’s Web Holdings, the Boulder, Colorado-based maker of 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 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 CWEB.
More details on the company’s results can be found here.
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