Charlotte's Web Shares Unmoved on Mixed Q1 Results
On Thursday, the share price of Charlotte's Web Holdings (OTC: CWBHF) closed where it started the day. This happened despite the fact that both the wider stock market and several marijuana companies rose notably and the cannabidiol (CBD) products specialist published its latest set of quarterly results.
In Q1, the company booked consolidated revenue of $21.5 million, which was down both from the previous quarter's $22.8 million and the Q1 2019 figure of $21.7 million. Net loss came in at $11.5 million ($0.11 per share) against Q4 2019's $18.8 million deficit and the $2.3 million profit of the year-ago quarter.
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Source Fool.com
