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Charlotte's Web Holdings, Inc. - $CWBHF STOCK NEWS

Welcome to our dedicated page for Charlotte's Web Holdings news (Ticker: $CWBHF), a resource for investors and traders seeking the latest updates and insights on Charlotte's Web Holdings stock.

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 Charlotte's Web 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 Charlotte's Web Holdings's position in the market.

Rhea-AI Summary

On June 13, 2024, Charlotte's Web held its annual general and special meeting of shareholders. A total of 62,034,339 votes were cast, representing 39.4% of the company's outstanding voting shares. All items on the agenda were approved. The election results for the board of directors showed high approval rates for all nominees, with Jonathan Atwood, Matthew McCarthy, Angela McElwee, William Morachnick, Jared Stanley, and Maureen Usifer receiving over 94% of votes each. Jared Stanley, a co-founder and former director, and Maureen Usifer, an experienced executive in the consumer products industry, were appointed to the board. Detailed results are available on the company's SEDAR profile.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
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Rhea-AI Summary

Charlotte's Web reported financial results for the first quarter of 2024, showing a decrease in revenue compared to the same period in 2023. The company is focusing on its 'True North' initiatives to enhance the consumer experience, expand product offerings, and improve cost efficiencies. Despite revenue challenges in the CBD industry, the company remains optimistic about its future growth.

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0.63%
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Rhea-AI Summary

Charlotte's Web Holdings, Inc. announces details of its upcoming 2024 Annual General and Special Meeting of Shareholders, proposing to establish six directors and elect new nominees. The meeting will be held virtually on June 13, 2024, with shareholders able to vote online. Current directors are appreciated for their contributions, with John Held not standing for reelection. Newly proposed directors include notable industry figures. The Board aims to continue its growth trajectory through strategic appointments.

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End-of-Day
-2.75%
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conferences
Rhea-AI Summary
Charlotte's Web Holdings, Inc. will release its 2024 first-quarter results on May 8, 2024, followed by a conference call at 11:00 A.M. Eastern Time. Investors can join the call via phone or webcast. A replay will be available until May 15, 2024.
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-3.23%
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Rhea-AI Summary
Charlotte's Web Holdings, Inc. reported its financial results for Q4 and year-ended December 31, 2023, focusing on True North initiative, eCommerce platform enhancements, brand consolidation, and price adjustments. The company aims to transform the consumer journey, reinforce retail partnerships, amplify its voice, and identify cost efficiencies. Despite a decrease in revenue, Charlotte's Web maintained healthy gross margins and improved operational efficiencies. The company also introduced new products like Stay Asleep CBN gummies and reduced prices on CBD oils to enhance consumer accessibility. Financially, the company reported a net loss for Q4 2023 but showed improvements in gross profit margins and SG&A expenses.
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-10.26%
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Charlotte's Web Holdings, Inc. launches 'Stay Asleep' CBN Gummies, a research-backed sleep formula to address poor sleep. The gummies are the first CBN sleep product supported by a rigorous peer-reviewed study, offering 20mg of CBN. Crafted under the leadership of Dr. Marcel Bonn-Miller, the gummies are non-GMO, gluten-free, kosher, and vegan-friendly, targeting the 67% of adults experiencing sleep disruptions. Priced at $29.99 for 30-count, $44.99 for 60-count, and $56.00 for 90-count, the gummies aim to revolutionize wellness by providing quality and uninterrupted sleep.
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12.85%
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Charlotte's Web Holdings, Inc. will release its 2023 fourth quarter and year-end results on March 21, 2024. The market leader in CBD hemp extract products invites stakeholders to join the conference call to discuss the financial performance.
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1.18%
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Charlotte's Web Holdings, Inc. appoints former Ben & Jerry's CEO Matthew E. McCarthy to its Board of Directors. McCarthy brings extensive experience in leading consumer-focused brands and a commitment to sustainable and ethical business practices, which aligns with Charlotte's Web's values. His background in the CPG sector, brand building, strategic planning, market analysis, and consumer engagement will be invaluable as the company expands its footprint in the wellness market.
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End-of-Day
-8.14%
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management
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Charlotte's Web Holdings, Inc. (CWEB) and AJNA BioSciences PBC have announced the commencement of the First-in-Human Phase 1 clinical trial for AJA001, a full-spectrum botanical drug. The study aims to examine the safety, tolerability, pharmacokinetics, and pharmacodynamics of a full spectrum hemp oil extracted from one of Charlotte's Web's patented hemp cultivars. The study is expected to involve around 64 participants, with preliminary results expected in the first quarter of 2024. AJA001 leverages Charlotte's Web's proprietary hemp genetics and has potential therapeutic applications across various medical conditions due to its varied mechanisms of action.
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-0.95%
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Rhea-AI Summary
Charlotte's Web Holdings, Inc. (CWEB) advocates for CBD regulation at Capitol Hill, aiming to address supply chain bottleneck. Industry experts and advocates join the ONE HEMP coalition to provide sensible policy solutions for a safe, standardized CBD industry. The company seeks to secure committee hearings with Energy & Commerce and Senate HELP for FDA regulation of CBD products as dietary supplements.
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Rhea-AI Sentiment
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5%
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Charlotte's Web Holdings, Inc.

OTC:CWBHF

CWBHF Rankings

CWBHF Stock Data

33.42M
110.22M
11.16%
5.23%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States of America
Louisville