Charlotte's Web Holdings (TSX: CWEB) (OTCQX: CWBHF) - Investor Dashboard


➔  Charlotte's Web Holdings
TSX Ticker: CWEB
OTCQX Ticker: CWBHF
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: 316 at 12/31/19
Established: 2013
CEO: Deanie Elsner

Summary

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

Financials as of 03/31/20

Cash on hand: $53.0 million
Fixed Investment: $42.4 million
Shareholders’ Equity: $127.7 million
Revenues – Last Quarter: $21.5 million
Adj. Gross Margin : 70.3%
Diluted EPS : -$0.11

Capital Structure – 05/13/20

Last Financing: 5 million units at C$13.25
Common Equivalent Shares: 108.9 million
Warrants: 2.5
Options:  3.5 million
Diluted Shares: 115.3million

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.

Charlotte’s Web is focused on building a global CPG company. It is a vertically integrated business that ensures high-quality, efficacy and consistency. The company cultivates on over 600 acres of irrigated farmland, utilizes a 20,000-square-foot, in-house manufacturing/R&D facility. Charlotte’s Web also uses a direct-to-consumer distribution network through the company’s flagship website, as well as more than 11,000 individual retail locations and growing.

Featured Video


Highlights

  • Market share leader in hemp-based CBD wellness products; more than five years of experience in hemp plant cultivation
  • U.S. sourced hemp, with cultivation in Colorado and contract farming in Kentucky and Oregon
  • Distribution through e-commerce and more than 11,000 retail locations including national retailers
  • Key benefactor of the 2018 Farm Bill which removed hemp from the Controlled Substances Act (CSA)
  • 2.34 million pounds of hemp produced in 2019 and 862 acres planted for 2019
  • Nearly 50 SKUs including liquid products, capsule products, topicals, gummies, canine products, and CBD isolate; more SKUs planned
  • Uplisted to the TSX
  • Shipping to five mass retailers covering 22 states

Differentiators

  • Established and trusted Charlotte’s Web brand with expanding product portfolio
  • Vertically-integrated with scalable platform and strength in cultivation, manufacturing, and distribution
  • Management team with experience in distribution, cultivation, sales, technology, finance and capital markets
  • Products sold through ecommerce and in more than 11,000 retail locations
  • $10 million credit line with J.P. Morgan
  • Certified by the U.S. Hemp Authority
  • Proprietary plant genetics and state-of-the-art plant drying technology
  • Generally Recognized as Safe (GRAS) status signifies the company’s extracts as safe for use in many food and beverage applications

Growth Strategy

  • International expansion via partners or foreign licensed subsidiaries, with near-term focus on the European Union, South America and Asia
  • Expanding distribution channels: national grocery, drug, mass market, pet and natural/specialty retailers
  • Acquisition of strategic complementary companies
  • Introduction of new, differentiated botanical products and delivery systems; New SKUs (including pet products, consumables, and topicals) planned for 2019
  • CBD gummies sold in 738 Vitamin Shoppe stores across 45 U.S. states
  • Preparing for strong demand in the future with 187% increase in 2019 crop planting
  • International research division Charlotte’s Web Labs to expand work on the science of hemp

Institutional Analyst Coverage


MICHAEL S. LAVERY
PiperJaffray

DEREK DLEY
Canaccord

SCOTT FORTUNE
ROTH Capital

PABLO ZUANIC
Cantor Fitzgerald

KYLE MCPHEE
Cormark Securities

MIKE HICKEY
The Benchmark Company

 JASON ZANBERG
PI Financial

JENNY WANG
VIII Capital

ROMMEL DIONISIO
Compass Point


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.