Charlotte’s Web posts big sales, profit gains in 2018

Hemp Industry Daily
By Jenel Stelton-HoltmeierMar 29, 2019, 12:01 am249 pts
Boulder, Colorado-based Charlotte’s Web Holdings reported revenue for 2018 of $69.5 million, a 74% increase over 2017. Full-year profit for the manufacturer of hemp-derived CBD products increased 57% to $11.8 million. For the fourth quarter ended Dec. 31, 2018, revenue totaled $21.5 million, up 71% over the…

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