Charlotte’s Web stock is the biggest loser in the cannabis sector after Charlotte’s Web Holdings (CSE:CWEB) (OTCQX:CWBHF) announced its preliminary first quarter 2019 financial results. Moreover, the company priced its previously announced underwritten public offering of an aggregate of 7 million common shares at a price of $20.00 CAD a share.
Q1 2019 Financial HighlightsIn the Q1 2019, Charlotte’s Web Holdings witnessed a 70% year-over-year sales increase, particularly in the month of March when the company had record sales estimated at $8 million. The company reported organic revenue of almost $22 million and around 50% ...
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