Charlotte’s Web (TSE:CWEB) Announces Earnings Results

Charlotte’s Web (TSE:CWEB) released its earnings results on Wednesday. The company reported C($0.11) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$11.16 million for the quarter. Charlotte’s Web had a negative return on equity of 275.39% and a negative net margin of 59.60%.

Charlotte’s Web Price Performance

TSE CWEB opened at C$0.65 on Thursday. The company has a debt-to-equity ratio of -3,161.11, a quick ratio of 1.41 and a current ratio of 3.51. The firm has a 50-day simple moving average of C$0.87 and a 200 day simple moving average of C$0.61. Charlotte’s Web has a twelve month low of C$0.10 and a twelve month high of C$1.33. The stock has a market cap of C$104.35 million, a PE ratio of -3.42 and a beta of 1.72.

Charlotte’s Web Company Profile

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.