Charlottes Web Holdings (CSE: CWEB) (OTCQX: CWBHF) - Investor Dashboard


➔  Charlottes Web Holdings
CSE Ticker: CWEB
OTCQX Ticker: CWBHF
Sector: Healthcare
Industry: Consumer Products
Country: U.S./Canada
Employees: 225 at 6/30/18
Established: 2013
CEO: Hesaam Moallem

Summary

Fiscal Year-End: December
Exchange: CSE
Sector: Consumer Staples
Auditor: MNP
Headquarters: Boulder, CO

Financials as of 06/30/18

Cash on hand: $10.8 million
Fixed Investment: $4.1million
Shareholders’ Equity: $16.0 million
Revenues – Last Quarter: $17.2 million
Adj. Gross Margin : 76.7%
EPS : $0.40

Capital Structure – 9/05/18

Last Financing: 15.1 million shares at C$7.00
Basic Shares: 16.0 million (92.8 million effectively)
Warrants: 0.5 million
Options: 13.2 million
Diluted Shares: 106.5 million

Company Brief

In August 2013, CNN aired a documentary featuring Charlotte Figi, whose well-being had significantly improved after the use of the Stanley brothers’ customized extract. Over the last decade, the Stanley Brothers and the
Company have evolved from the proprietary development of a single industrial hemp strain, to a market leader in the production and distribution of innovative hemp-based, cannabidiol (CBD) wellness products. In 2017, the company posted sales of US$40 million, representing growth of 172% and producing Adjusted EBITDA of US$14.1 million. Charlotte’s Web is a vertically integrated business that ensures high-quality, efficacy and consistency. The company cultivates on 300 acres of irrigated farmland, utilizes a 40,000 ft in-house manufacturing/R&D facility and enjoys a direct to consumer distribution network through the company’s flagship website, cwhemp.com, as well as 2,700 individual retail locations, and growing.

CNN documentary on Charlotte’s Web


Highlights

  • Market share leader in hemp-based CBD wellness products
  • U.S. sourced hemp, with cultivation in Colorado and contract farming in Kentucky and Oregon
  • Highly profitable, with year-to-date sales in excess of $30 million and operating income of $5 million in the first half of 2018
  • Distribution through e-commerce and more than 2700 retail locations
  • Poised to benefit from changes in U.S. federal regulatory landscape

Differentiators

  • Established and trusted Charlotte’s Web brand with expanding product portfolio
  • Vertically-integrated with scalable platform and strength in cultivation, processing and sales
  • Outpacing the industry with revenue growth of 172% year-over-year in 2017
  • Management team with experience in distribution, cultivation, sales, technology, finance and capital markets
  • Products sold in more than 3,000 retail locations

Growth Strategy

  • International expansion via partners or foreign licensed subsidiaries, with near-term focus on the European Union, South America and Asia
  • Improved distribution channels planned to include national retailers, (including grocers and drug chains), vitamin and supplement retailers and natural food stores
  • Acquisition of strategic complementary companies
  • Introduction of new, differentiated botanical products and delivery systems

Institutional Analyst Coverage


DEREK DLEY
Canaccord


Founded by the Stanley Brothers in 2013

Over the last decade, the Stanley Brothers and the Company have evolved from the proprietary development of a single industrial hemp strain, to a market leader in the production and distribution of innovative hemp-based cannabidiol (CBD) wellness products.


Curated Stories & News


Visit Charlottes Web Holdings,
at www.cwhemp.com.

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Charlottes Web Holdings, Inc. is a client of NCV Media, LLC. Read our full disclaimer.