Charlotte’s Web stock is sinking today after Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) posted its third-quarter earnings, which fell short of analysts’ expectations as the market for CBD products becomes increasingly condensed.
Charlotte’s Web Stock Down on Disappointing RevenueThe CBD company posted revenues of $25.1 million USD, which missed analysts’ expected figure of $32.51 million USD. Charlotte’s Web reported a net loss of $0.01 per share, while analysts expected profits of $0.05 per share. Revenue actually grew 41.5% from the same period last year, boosted by a range of new products and its retail presence in ...
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