1
Adjusted EBITDA presented in prior periods has been reclassified to conform with the current period presentation to include interest income as a reduction of EBITDA and restructuring charges as an addition to Adjusted EBITDA.
Forward-Looking Information
In the interest of providing the shareholders and potential investors of Charlotte s Web Holdings, Inc. with information about the Company, certain information provided constitutes forward-looking statements or information (collectively, forward-looking statements ). Forward-looking statements are typically identified by words such as may , will , should , could , anticipate , expect , project , estimate , forecast , plan , intend , target , believe and similar words suggesting future outcomes or statements regarding an outlook. Although these forward-looking statements are based on assumptions the Company considers to be reasonable based on the information available on the date such statements are made, suc
In Booming Cannabis Industry, Look for Even More M&A Activity
Cannabis mega-mergers could create industry giants. Weeks after Tilray and Aphria merged, Trulieve Cannabis just announced its plans to acquire Harvest Health & Recreation in a $2.1 billion all-stock deal. Combined they would be one of the largest cannabis companies in the world in terms of sales, notes Barron’s. Coupled with state and potential federal legalization of cannabis could be substantial news for companies like
Allied Corp. (OTCQB:ALID),
Canopy Growth Corporation (NASDAQ:CGC)(TSX:WEED),
Tilray Inc. (NASDAQ:TLRY), and
Charlotte’s Web Holdings Inc. (TSX:CWEB)(OTCQX:CWBHF).
When Charlotte s Web Holdings Inc. (OTC: CWBHF)(TSX: CWEB) agreed to buy Abacus Health Products Inc. (CSE: ABCS) in March, expectations were high. Abacus is a market-leading player in OTC topical products combining active pharmaceutical ingredients with hemp extract, Charlotte s. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Hemp CBD extract producer
Charlotte s Web Holdings, Inc. (TSX:CWEB) (OTCQX:CWBHF) generated $23.4 million in consolidated revenue in the first quarter of 2021, representing a year-over-year increase of 9.1%.
DTC eCommerce sales rose 14.5% over the same period, accounting for 68.9% of revenue.
The company s business-to-business (B2B) net revenue drooped 1.4% year-over-year. Comparable B2B retail sales, excluding non-retail B2B hemp drying services, grew 11%, expanding market share. Our B2B retail sales and velocities further strengthened in March and April as US vaccination programs support reopening of the economy, and our DTC sales continued to grow, demonstrating long-term secular strength for our products in the e-commerce channel, said Deanie Elsner, CEO of the Boulder, Colorado-based company.
Monday s Insider Report: Director invests nearly $1 6-million in this dividend stock theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.