Charlotte’s Web reports 4Q loss, lowers projections on FDA warnings, coronavirus

Hemp Industry Daily
By Kristen NicholsMar 24, 2020, 10:49 am353 pts
Charlotte’s Web Holdings lost $18.8 million last quarter, a plunge of 688% from the same period in 2018. The Colorado CBD maker attributed the loss to slow adoption of its products in mainstream food, drug and mass retailers. The results put the company’s profits down 113% from the same period in 2018, when…

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