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

Charlotte’s Web (TSE:CWEB) posted its earnings results on Wednesday. The company reported C($0.11) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$11.16 million during 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 Trading Up 3.1%

Shares of TSE:CWEB traded up C$0.02 on Wednesday, hitting C$0.67. The company had a trading volume of 67,292 shares, compared to its average volume of 191,836. The company has a quick ratio of 1.41, a current ratio of 3.51 and a debt-to-equity ratio of -3,161.11. The firm’s 50-day simple moving average is C$0.88 and its two-hundred day simple moving average is C$0.60. Charlotte’s Web has a 1 year low of C$0.10 and a 1 year high of C$1.33. The firm has a market capitalization of C$107.56 million, a price-to-earnings ratio of -3.53 and a beta of 1.72.

About Charlotte’s Web

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.