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Charlie’s Holdings, Inc. reports developments in premium vapor products and electronic nicotine delivery systems. The company sells product lines including SBX, Pachamama and PACHA through distributors, specialty retailers and online resellers, with operating activity tied to Charlie’s Chalk Dust, LLC.
Recurring updates center on FDA Premarket Tobacco Product Applications, state vapor-product requirements, age-verification technology for device activation, product-line distribution, trade-show participation, financial results and capital actions such as private placements and debt forgiveness.
Charlie's Holdings, Inc. (OTC PINK: CHUC) reported a 39% decline in Q2 2020 revenue, falling to $4.16 million from $6.82 million in Q2 2019 due to decreased sales in nicotine and CBD products. Gross profit also decreased by 39% to $2.43 million. Operating loss narrowed to $758,000, a 78% reduction year-over-year. The company is on track with its PMTA submission by the end of August, spending nearly $5 million in preparations without any reported red flags on initial data.