Charlotte's Web Reports Second Quarter 2026 Financial Results
Charlotte's Web, a portfolio company of British American Tobacco, completed a recapitalization that converted BTI's C$75.3 million convertible debenture into equity at C$0.94 per share, alongside a concurrent $10 million private placement investment from BTI. The transaction eliminated Charlotte's Web's largest balance sheet liability, reducing total liabilities by $57 million and restoring positive shareholders' equity to $56.1 million.
Key figures
- Revenue
- 10900000
- Deal Value Usd
- 57000000
- Offering Price
- C$0.94
- Cweb net loss
- 4100000
- Cweb gross margin
- 47.5%
- Cweb cash position
- 14000000
- Debenture amount cad
- C$75.3 million
- Equity investment usd
- 10000000
AI analysis
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