Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) recently announced that it will issue its third quarter results via press release after the close of trading on the Canadian Securities Exchange (CSE) on November 27, 2018. A conference call to discuss the results has been scheduled for the same day at 4:30 p.m. Eastern Time.
We are very much looking forward to this announcement because the company is currently sporting flat top-line growth despite being a true leadership play in a market segment that is seeing monumental growth, with many different stocks showing that growth on the top-line in spades. This could be the report where CWBHF jumps into that type of category.
Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) bills itself as a company that develops and distributes hemp-based cannabidiol (CBD) wellness products. Its products include CBD hemp oils, capsules, topicals, and pet products that feature CBD hemp oil extracts.
Charlotte’s Web Holdings, Inc. sells its products online as well as through distributors, and brick and mortar retailers.
The company was formerly known as Stanley Brothers Holdings Inc. and changed its name to Charlotte’s Web Holdings, Inc. in July 2018. The company was incorporated in 2018 and is headquartered in Boulder, Colorado.
Charlotte’s Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-based cannabidiol wellness products. Founded by the Stanley Brothers, the Company’s premium quality products start with proprietary hemp genetics that are responsibly manufactured into whole plant hemp extracts naturally containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds. Industrial hemp products are non-intoxicating.
Charlotte’s Web current product categories include tinctures (liquid products), capsules, topical, as well as pet products. Charlotte’s Web hemp-based whole plant extracts are sold through select distributors, brick and mortar retailers, and online through the Company’s website.
The Big Question
As noted above, CWBHF recently announced that it will be reporting earnings for Q3 on November 27 and hosting a conference to discuss the results. This is a particularly interesting report as we continue to thread together the narrative that defines the explosively growing CBD space.
And the stock has been acting well over recent days, up something like 12% in that time. CWBHF shares have been relatively flat over the past month of action, with very little net movement during that period.
One of the elements that will shape this report is how quickly the company has harnessed its locations growth. If you recall, CWBHF recently announced that it had surpassed 3000 retail locations across the United States. At the end of 2017, Charlotte’s Web products were sold in approximately 2,000 locations. The Company disclosed today that it surpassed its 2018 year-end goal of 3,000 locations during the 3rd quarter.
One would hope that this growth in locations would translate into an acceleration in sales growth. We don’t have too much longer to find out.
Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) managed to rope in revenues totaling $22.2M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a flat rate of top-line growth, as compared to year-ago data in comparable terms.
In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($14.2M against $9.7M).
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