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Charlotte’s Web Holdings Reports 2019 Q2 Earnings
- Q2 revenue increases 45% YoY to US$25.0 million
- Adjusted EBITDA of $3.9 million and US$0.02 EPS
BOULDER, CO, Aug. 14, 2019 /PRNewswire/ Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) (TSX: CWEB,OTCQX: CWBHF), the market share leader in whole-plant CBD hemp extract products, today reported financial results for the second quarter ended June 30, 2019. All amounts are expressed in United States dollars. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures.
Second Quarter 2019 Financial Highlights
- Organic consolidated year-over-year revenue growth of 45% to $25.0 million
- 75% gross margin produced gross profit