3 Big Problems in Charlotte's Web's Q4 Results That Should Have Investors Worried
Charlotte's Web (OTC: CWBHF) released its fourth quarter and year-end results on March 24. The company finished the year with revenue of $94.6 million, which was up more than 36% from the $69.5 million it reported in 2018. Charlotte's Web also reported a loss of $15.6 million in 2019 compared to a profit of $11.8 million in the prior year.
Although the company posted a profit in three of its past five quarters, the last two have been in the red. And that's a trend that could continue, as there are three problems investors should consider before investing in Charlotte's Web today.
In one sense, Charlotte's Web has done well in making its products available in more stores throughout the country. As of the end of 2019, the company's products were in 11,000 retail stores. With its recent acquisition of Abacus Health, which also makes cannabidiol (CBD) products, Charlotte's Web will now have a presence in 15,000 locations.
Source Fool.com
