Adam JacksonJune 13, 2023
The disgruntled cohort is advocating for an independent chair to oversee the upcoming meeting.
Tag: Charlotte’s Web
Adam JacksonJune 13, 2023Adam JacksonJune 12, 2023
The showdown follows a major decline in the company's performance over the past year.
StaffMarch 23, 2023
The Daily Hit is a recap of the top financial news stories for March 23, 2023. On the Site Exclusive Interview: Untangling New York’s True Party of Ownership Rule New York cannabis policy czar Axel Bernabe spoke to Green Market Report to outline exactly what is and isn’t allowed for cannabis businesses under the state’s […]
Adam JacksonMarch 23, 2023
Despite inking major deals, Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) saw falling revenue in 2022 due in part to waning demand in an increasingly saturated cannabidiol (CBD) industry. The hemp extract wellness company, which is the largest in the world, reported financial results for the fourth quarter and year ending December 31, 2022. […]
StaffNovember 2, 2022
The Daily Hit is a recap of cannabis business news for Nov. 2, 2022. ON THE SITE Green Thumb Beats on Record Revenue, Circle K Stores Remain in Question Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) posted positive results that beat analystsâ expectations, with record revenue showing the demand for cannabis even as profits shrink […]
Adam JacksonNovember 2, 2022
Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) has inked a partnership with U.S.-based CBD giant Charlotteâs Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) to sell hemp extract products in Canada. Under the agreement, Charlotteâs Web’s full-spectrum CBD products will be reach dispensary shelves through Tilrayâs distribution network. The company said that its products had previously […]
StaffAugust 9, 2022The Daily Hit is a recap of cannabis business news for August 9, 2022. ON THE SITE Cronos Makes Gains in The Second Quarter Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) reported its 2022 second-quarter earnings with net revenue of $23.1 million which jumped from last yearâs $7.4 million for the same time period. However, […]
Adam JacksonAugust 9, 2022
Charlotteâs Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) missed expectations as the CBD company continues to struggle amid a patchwork regulatory landscape. The company reported its financial results for the second quarter ending June 30, 2022. For the key metric of total revenue, Charlotte’s Web missed expectations as it delivered approximately $18.9 million during the period […]
Joanne CachaperoJuly 19, 2022
Cannabis research firm Brightfield Group released its CBD: FDA Impact and the Path Forward/ 2022 Mid-Year US CBD Report, which found that growth in the CBD industry is âheavily dependentâ on Food and Drug Administration (FDA) regulation, though there has been little progress on federal regulation for cannabidiol (CBD) since provisions removing hemp and hemp […]
Debra BorchardtMay 16, 2022
Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported financial results for the first quarter ending March 31, 2022 as net revenue fell 17% to $19.4 million versus $23.4 million for the same time period in 2021. Sales also fell sequentially from the fourth quarter’s revenues of $24.8 million and greatly missed the estimates from Yahoo Finance for […]
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