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Charlies Holdings Inc - CHUC STOCK NEWS

Welcome to our dedicated news page for Charlies Holdings (Ticker: CHUC), a resource for investors and traders seeking the latest updates and insights on Charlies Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Charlies Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Charlies Holdings's position in the market.

Rhea-AI Summary
Charlie's Holdings, Inc. reported a decrease in revenue and gross profit for 2023, along with an increase in operating loss and net loss. Despite financial challenges, the company achieved significant business milestones, including the launch of the SPREE BAR product line with proprietary Metatine(TM) inside and the development of age-gating technology to address FDA concerns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
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Rhea-AI Summary
Charlie's Holdings, Inc. (OTCQB:CHUC) reported Q3 2023 financial results, showing a decrease in revenue and gross profit. The company also announced SPREE BAR Master Distributor Agreements, purchase orders, and cash deposits received. FDA Acceptance Letters for the Company's 2022 Pre-Market Tobacco Application will be issued, and the FDA will place Charlie's applications into filing review.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.87%
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none
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Rhea-AI Summary
Charlie's Holdings, Inc. plans to launch SPREE BAR™ in September, which is considered the single largest and most important commercial product in the company's history. In the second quarter of 2023, revenue decreased by 46% to $4.0 million, gross profit decreased by 26% to $2.1 million, and operating loss decreased by 93% to $0.042 million. For the first half of 2023, revenue decreased by 48% to $8.0 million, gross profit decreased by 54% to $3.0 million, and operating loss increased by $1.4 million to $1.6 million. The company appointed Michael D. King as a director and issued $1.4 million in unsecured promissory notes to executives and stockholders. They also fully repaid the outstanding principal balance and accrued interest on its Receivables Financing Agreement. The company implemented aggressive expense reductions and the executives voluntarily reduced their compensation to mitigate the impact of the weak legacy business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
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none
Rhea-AI Summary
Charlie's Holdings, Inc. announces its First Annual Shareholder Meeting, where they will discuss their transition to nicotine substitute products and the launch of SPREE BAR. The Company believes this transition will lead to significant sales and market share in the vapor products marketplace in 2024 and beyond. Shareholders and the public can attend the meeting by submitting reservations in advance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.34%
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Rhea-AI Summary
Charlie's Holdings, Inc. announces the national launch of SPREE BAR, a flavored disposable product line that aims to disrupt the e-cigarette industry. SPREE BAR features a proprietary nicotine substitute called Metatine and offers adult consumers the same satisfaction as nicotine disposables without nicotine. The product is not subject to FDA requirements and is priced at less than half of industry-leading disposable vapes. Charlie's believes that the introduction of SPREE BAR will give the company a competitive advantage in the vapor and alternative products marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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Rhea-AI Sentiment
End-of-Day
-0.6%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
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Charlies Holdings Inc

OTC:CHUC

CHUC Rankings

CHUC Stock Data

24.69M
61.12M
69.57%
5.74%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
Costa Mesa

About CHUC

charlie's holdings, inc. formulates, markets, and distributes e-cigarette liquids and vaping systems in the united states. the company also offers energy drink under the bazi brand name. it sells its products through distributors, specialty retailers, and third-party online resellers to approximately 90 countries, primarily, including the united kingdom, italy, spain, belgium, australia, sweden, and canada. the company was formerly known as true drinks holdings, inc. and changed its name to charlie's holdings, inc. the company was incorporated in 2014 and is headquartered in costa mesa, california.