Charlotte's Web Holdings, Inc. (CWBHF)
Charlotte's Web Holdings, Inc. specializes in the cultivation, manufacturing, marketing, and distribution of hemp-derived cannabidiol (CBD) wellness products. Their extensive product range includes liquid hemp extract tinctures, various gummies (designed for sleep, stress relief, immune support, and exercise recovery), capsules, topical CBD creams and lotions, and specific offerings for pets. These are sold under prominent brands such as Charlotte's Web, CBD Medic, CBD Clinic, and Harmony Hemp. Each product is formulated with naturally occurring phytocannabinoids like CBD, cannabichromene (CBC), cannabigerol (CBG), cannabinol (CBN), along with terpenes, flavonoids, and a spectrum of other beneficial hemp compounds. The company reaches its customers through multiple channels, including traditional retail outlets, health care practitioners, and direct-to-consumer sales via its official website. Charlotte's Web actively advances hemp cannabinoid science through key collaborations. Its CW Labs division works with the University at Buffalo's Center for Integrated Global Biomedical Sciences on a dedicated research program, and it also maintains a scientific partnership with McLean Hospital. Founded in 2013 and headquartered in Denver, Colorado, the company was formerly known as Stanley Brothers Holdings Inc. before officially changing its name to Charlotte's Web Holdings, Inc. in July 2018.
Sector: Agricultural Production-Crops
Industry: Drug Manufacturers - Specialty & Generic
Charlotte's Web Holdings, Inc.
OTC:CWBHFHealthcare · Drug Manufacturers - Specialty & Generic
-11.36%$0.2448
Mkt Cap$66.41M
Float155.14M
O/S271.29M
Inst Own0.0%
SI0.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$49.9M
Net Income-$29.74M
Total Assets$75.27M
Free Cash Flow-$14.67M
Debt & Equity
Debt 103%
Total Debt$64.45M
Total Equity-$2.04M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CWBHF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$75.27M
Liabilities$77.31M
Accounts Receivable$2.54M
Accounts Payable$2.19M
Inventory$18.02M
PP&E (Net)$33.98M
Goodwill$0
Intangible Assets$785K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $49.9M | $49.67M | $63.16M | $74.14M | $96.09M | $95.23M | $94.59M | $69.5M | $40.01M | $14.73M |
| YoY Growth | 0.5% | -21.4% | -14.8% | -22.8% | 0.9% | 0.7% | 36.1% | 73.7% | 171.6% | - |
| Cost of Revenue | $28.2M | $28.41M | $27.59M | $54.73M | $47.51M | $42.97M | $43.99M | $17.2M | $10.06M | $5.12M |
| Gross Profit | $21.7M | $21.26M | $35.57M | $19.41M | $48.59M | $52.26M | $50.6M | $52.3M | $29.94M | $9.61M |
| Gross Margin | 43.5% | 42.8% | 56.3% | 26.2% | 50.6% | 54.9% | 53.5% | 75.3% | 74.8% | 65.2% |
| Research and Development | $1.84M | $2.22M | $3.02M | $3.3M | $5.45M | $5.95M | $1.75M | $837K | $508K | $449K |
| Selling, General, and Administrative | $39.73M | $53.25M | $69.92M | $70.06M | $97.64M | $77.67M | $70.77M | $36.12M | $16.57M | $7.94M |
| Other | $406K | $3.95M | $548K | $744K | $51K | $21.11M | $2.89M | $354K | $842K | $242K |
| Total Operating Expenses | $41.97M | $53.25M | $76.18M | $70.06M | $97.64M | $104.72M | $75.41M | $37.31M | $17.92M | $8.63M |
| Operating Income (EBIT) | -$20.27M | -$31.99M | -$40.61M | -$50.65M | $39.52M | -$52.47M | -$24.8M | $14.99M | $12.02M | $980K |
| Operating Margin | -40.6% | -64.4% | -64.3% | -68.3% | 41.1% | -55.1% | -26.2% | 21.6% | 30.0% | 6.7% |
| Interest Expense | $0 | $0 | $0 | $8.57M | $0 | $1.26M | $326K | $185K | $247K | $39K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $185K | $994K | $547K | $20K | $0 |
| Other Income (Expense) | -$9.54M | $2.18M | $17.34M | -$8.57M | -$88.52M | $12.65M | $3.6M | $556K | -$227K | -$39K |
| Income Before Tax (EBT) | -$29.81M | -$29.81M | -$23.27M | -$59.22M | -$137.58M | -$40.87M | -$21.21M | $15.54M | $11.79M | $941K |
| Income Tax Expense | -$68K | $39K | $529K | $91K | $143K | $6.31M | -$5.64M | $3.73M | $4.32M | $327K |
| Net Income | -$29.74M | -$29.85M | -$23.8M | -$59.31M | -$137.72M | -$47.19M | -$15.57M | $11.81M | $7.47M | $614K |
| Net Income Margin | -59.6% | -60.1% | -37.7% | -80.0% | -143.3% | -49.6% | -16.5% | 17.0% | 18.7% | 4.2% |
| Supplementary Data | ||||||||||
| EPS | -0.19 | -0.19 | -0.16 | -0.40 | -0.98 | -0.38 | -0.16 | 0.12 | 0.08 | 0.01 |
| Diluted EPS | -0.19 | -0.19 | -0.16 | -0.40 | -0.98 | -0.38 | -0.16 | 0.12 | 0.08 | 0.01 |
| Weighted Average OS | 158.61M | 157.56M | 152.94M | 146.63M | 140.77M | 125.01M | 96.54M | 95.03M | 92.85M | 91.64M |
| EBITDA | -$13.95M | -$22.01M | -$24.9M | -$41.68M | -$38.03M | -$44.49M | -$16.92M | $16.49M | $12.74M | $1.21M |
| EBITDA Margin | -27.9% | -44.3% | -39.4% | -56.2% | -39.6% | -46.7% | -17.9% | 23.7% | 31.8% | 8.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $8.04M | $22.62M | $47.82M | $66.96M | $19.49M | $52.8M | $68.55M | $73.4M | $7.06M | $1.09M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $8.04M | $22.62M | $47.82M | $66.96M | $19.49M | $52.8M | $68.55M | $73.4M | $7.06M | $1.09M |
| Accounts Receivable | $2.54M | $1.81M | $2.33M | $2.42M | $6.41M | $20.47M | $10.16M | $6.66M | $2.13M | $849K |
| Inventory | $18.02M | $18.91M | $21.54M | $26.95M | $52.08M | $61.94M | $64.05M | $23.97M | $4.81M | $3.32M |
| Other Current Assets | $1.77M | $1M | $2.5M | $3.07M | $10.67M | $15.68M | $376K | $2.18M | $0 | $0 |
| Total Current Assets | $30.36M | $46.98M | $78.17M | $103.76M | $95.81M | $142.6M | $146.35M | $107.95M | $14.43M | $5.47M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $33.98M | $39.21M | $42.11M | $45.85M | $56.76M | $63.29M | $42.95M | $6.81M | $3.37M | $1.43M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $77.45M | $0 | $0 | $0 | $0 |
| Intangible Assets | $785K | $14.74M | $17.96M | $28.64M | $2.84M | $25.38M | $1.6M | $619K | $177K | $11K |
| Long-Term Investments | $8.8M | $10.8M | $11M | $3.62M | $13M | $0 | $0 | $128K | $107K | $107K |
| Deferred Tax Assets | $0 | $0 | $0 | -$3.62M | $1.04M | $4K | $30.42M | $23.45M | $549K | $403K |
| Other Long-Term Assets | $1.35M | $1.71M | $3.31M | $9.39M | $2.06M | $2.16M | $1.63M | $181K | $819K | $855K |
| Total Long-Term Assets | $44.91M | $66.46M | $74.38M | $83.88M | $75.71M | $168.28M | $76.59M | $31.18M | $5.03M | $2.81M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $75.27M | $113.44M | $152.55M | $187.64M | $171.51M | $310.88M | $222.94M | $139.13M | $19.45M | $8.27M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $2.19M | $3.43M | $2.86M | $4.02M | $5.05M | $4.89M | $8.8M | $3.38M | $948K | $444K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $629K | $9K | $9K | $1.05M | $64K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $157K | $730K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $9.57M | $615K | $550K | $467K | $490K | $430K |
| Other Current Liabilities | $0 | $5.21M | $9.85M | $7.76M | $3.45M | $8.06M | $10.8M | $3.53M | $0 | $1.46M |
| Total Current Liabilities | $8.66M | $15.94M | $23.65M | $21.43M | $20.17M | $28.97M | $29.43M | $14.15M | $6.29M | $3.11M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $50.85M | $43.63M | $42.53M | $37.42M | $384K | $144K | $3K | $12K | $28K | $313K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$818K | $73K | $98K | $88K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $818K | $884K | $499K | $246K |
| Other Long-Term Liabilities | $5.62M | $13.13M | $15.16M | $33.38M | $397K | $6.96M | $17.7M | $2.4M | $98K | $0 |
| Total Long-Term Liabilities | $68.65M | $70.42M | $73.34M | $88.71M | $20.9M | $27.68M | $39.82M | $3.48M | $523K | $458K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $77.31M | $86.36M | $96.99M | $110.14M | $41.07M | $56.65M | $69.24M | $17.64M | $6.82M | $3.57M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1K | $999 | $1K | $1K | $1K | $1K | $123.93M | $101.17M | $5.83M | $5.83M |
| Retained Earnings | -$331.31M | -$301.57M | -$271.72M | -$247.93M | -$188.61M | -$50.89M | $2.26M | $17.82M | $6.02M | -$1.46M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$0 | $0 | -$0 | $0 | -$0 | -$0 |
| Other Stockholders' Equity | $329.27M | $328.66M | $327.28M | $325.43M | $319.06M | $305.12M | $27.51M | $2.5M | $787K | $327K |
| Total Equity | -$2.04M | $27.09M | $55.56M | $77.5M | $130.45M | $254.23M | $153.7M | $121.5M | $12.64M | $4.7M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $75.27M | $113.44M | $152.55M | $187.64M | $171.51M | $310.88M | $222.94M | $139.13M | $19.45M | $8.27M |
| Supplementary Data | ||||||||||
| Total Debt | $64.45M | $59.34M | $60.44M | $57.63M | $22.6M | $23.36M | $24.07M | $417K | $1.78M | $533K |
| Net Debt | $56.42M | $36.72M | $12.62M | -$9.33M | $3.11M | -$29.45M | -$44.48M | -$72.99M | -$5.28M | -$557K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$29.74M | -$29.85M | -$23.8M | -$59.31M | -$137.72M | -$47.19M | -$15.57M | $11.81M | $7.47M | $614K |
| Depreciation & Amortization | $6.32M | $9.98M | $15.16M | $8.97M | $11.03M | $6.85M | $3.97M | $1.5M | $696K | $242K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $14.35M | -$5.68M | -$40K | -$146K | -$403K |
| Stock-Based Compensation | $664K | $1.52M | $2.1M | $3.4M | $5.48M | $4.33M | $2.98M | $866K | $460K | $323K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $368K | $361K | $3.45M | $2.95M | -$948K | -$11.86M | $18.43M | -$2.81M | -$1.33M | -$724K |
| Inventory | $108K | -$1.52M | $4.38M | $1.73M | $1.02M | -$1.78M | -$53.5M | -$19.68M | -$2.38M | -$2.13M |
| Accounts Payable | -$1.09M | -$1.66M | $151K | -$3.58M | -$2.91M | -$8.59M | $3.46M | $2.43M | $504K | -$38K |
| Other Working Capital | -$2.66M | -$5.81M | -$9.85M | $3.67M | -$5.83M | -$6.89M | -$1.22M | $4.51M | $1.26M | $1.52M |
| Total Working Capital Change | -$3.28M | -$8.63M | -$1.87M | $4.77M | -$8.67M | -$29.13M | -$32.82M | -$15.55M | -$1.95M | -$1.37M |
| Other Non-Cash Items | $11.91M | $5.72M | -$6.98M | $36.86M | $100.33M | $2.2M | $13.65M | $512K | $1.01M | $617K |
| Net Cash from Operating | -$14.12M | -$21.26M | -$15.39M | -$5.32M | -$29.56M | -$48.59M | -$33.48M | -$899K | $7.55M | $21K |
| Investing Activities | ||||||||||
| Capital Expenditures | -$549K | -$3.85M | -$3.69M | -$265K | -$4.92M | -$28.26M | -$15.05M | -$5.56M | -$1.92M | -$847K |
| Acquisitions | $0 | $0 | $0 | $634K | $13K | $11.18M | $55K | $35K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$8M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | -$13K | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $137K | $55K | $185K | $26K | $1.13M | -$2.37M | -$2.72M | $852K | -$445K | $183K |
| Net Cash from Investing | -$412K | -$3.8M | -$3.51M | $395K | -$11.79M | -$19.44M | -$17.71M | -$4.71M | -$2.37M | -$664K |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | -$52.76M | - | $3.96M | $2.68M | $367K | -$784K | -$258K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $8.26M | $53.8M | $49.81M | $76.21M | $0 | $555K |
| Common Stock Repurchases | $0 | $0 | $0 | -$64K | $0 | $0 | $0 | $0 | $0 | -$1K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$50K | -$145K | -$251K | -$308K | -$218K | $1.64M | -$790K | -$3.89M | $0 | $555K |
| Net Cash from Financing | -$50K | -$145K | -$251K | $52.39M | $8.04M | $52.28M | $46.34M | $71.96M | $784K | $812K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$14.58M | -$25.2M | -$19.14M | $47.47M | -$33.31M | -$15.75M | -$4.85M | $66.35M | $5.97M | $169K |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$14.12M | -$21.26M | -$15.39M | -$5.32M | -$29.56M | -$48.59M | -$33.48M | -$899K | $7.55M | $21K |
| Capital Expenditure | -$549K | -$3.85M | -$3.69M | -$265K | -$4.92M | -$28.26M | -$15.05M | -$5.56M | -$1.92M | -$847K |
| Free Cash Flow | -$14.67M | -$25.11M | -$19.08M | -$5.58M | -$34.48M | -$76.85M | -$48.53M | -$6.46M | $5.63M | -$826K |
| Cash at Beginning | $22.62M | $47.82M | $66.96M | $19.49M | $52.8M | $68.55M | $73.4M | $7.06M | $1.09M | $921K |
| Cash at End | $8.04M | $22.62M | $47.82M | $66.96M | $19.49M | $52.8M | $68.55M | $73.4M | $7.06M | $1.09M |