Boulder, Colorado-based Charlotte’s Web Holdings reported revenue for 2018 of $69.5 million, a 74% increase over 2017. Full-year profit for the manufacturer of hemp-derived... Charlotte’s Web posts big sales, profit gains in 2018

Boulder, Colorado-based Charlotte’s Web Holdings reported revenue for 2018 of $69.5 million, a 74% increase over 2017.

Full-year profit for the manufacturer of hemp-derived CBD products increased 57% to $11.8 million.

For the fourth quarter ended Dec. 31, 2018, revenue totaled $21.5 million, up 71% over the prior-year period.

Fourth-quarter profit grew 33% to $3.2 million.

The company continues to expand its presence in national retail chains, surpassing 4,000 locations where Charlotte’s Web products may be purchased.

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

For more details on Charlotte’s Web’s latest earnings results, click here.

Subscribe to our Newsletter

MJ Shareholders avatar

MJ Shareholders

MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers

No comments so far.

Be first to leave comment below.




( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )