Charlotte's Web Holdings, Inc. engages in farming, manufacturing, marketing, and selling hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies comprising sleep, stress, immunity, and exercise recovery products; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, CBD Medic, CBD Clinic, and Harmony Hemp brands. Its products contain naturally occurring phytocannabinoids, including CBD, cannabichromene, cannabigerol, cannabinol, terpenes, flavonoids, and other beneficial hemp compounds. The company distributes its products through retail outlets and health care practitioners, as well as online through its website. It has a collaboration between its CW Labs science division and the University at Buffalo's Center for Integrated Global Biomedical Sciences to advance hemp cannabinoid science through a research program; and scientific collaboration with McLean Hospital. The company was formerly known as Stanley Brothers Holdings Inc. and changed its name to Charlotte's Web Holdings, Inc. in July 2018. Charlotte's Web Holdings, Inc. was founded in 2013 and is headquartered in Denver, Colorado.
Revenue of Charlotte's Web Holdings, Inc. (CWEB.TO)
Revenue in 2023 (TTM): $45.24 M
According to Charlotte's Web Holdings, Inc.'s latest financial reports the company's current revenue (TTM) is $45.24 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Charlotte's Web Holdings, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $45.24 M | $25.48 M | $-17,838,213 | $-16,665,664 | $-17,044,576 |
| 2022 | $53.1 M | $13.9 M | $-29,855,226 | $-42,419,477 | $-42,484,658 |
| 2021 | $68.83 M | $34.8 M | $-27,240,808 | $-98,544,953 | $-98,647,381 |
| 2020 | $68.21 M | $37.43 M | $-30,464,064 | $-29,277,189 | $-33,798,342 |
| 2019 | $67.76 M | $36.25 M | $-12,117,292 | $-15,191,562 | $-11,150,316 |
| 2018 | $49.78 M | $37.46 M | $12.34 M | $11.13 M | $8.46 M |
| 2017 | $28.66 M | $21.45 M | $9.1 M | $8.45 M | $5.35 M |
| 2016 | $10.55 M | $6.88 M | $872.43 K | $674.02 K | $439.8 K |