Charlotte’s Web Holdings, Inc. to Revise 2019 Revenue Guidance

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Charlotte’s Web Holdings Profile

Charlotte’s Web Holdings (TSX: CWEB, OTCQX: CWBHF) revised 2019 revenue expectations in the range of 95 million to 105 million. Previously Charlotte’s Web had revenue guidance of $120 million to $170 million, which was mentioned in “Charlotte’s Web Holdings Reports 2019 Q2 Earnings” News Release on August 14, 2019.

Q4 Revenue Prediction

  • Q1 Revenue: US $21.7 million
  • Q2 Revenue: US $25.0 million
  • Q3 Revenue: US $25.1 million
  • Prediction according to the revised guidance (Q4 Revenue: US $23.2 million to $33.2 million)

According to Charlotte’s Web spokesman, the company expects future year over year growth rates to continue in the 40 to 50 percent range for 2020 or until clear regulations are set for the CBD industry, which would drive growth expectations significantly higher.

“In the interim, we will continue our distribution growth in the FDM channel. As FDM retail sales volume becomes a larger part of our revenue mix, gross margin percentage will gradually decrease, but gross profit dollars increase against the significantly higher sales volume. This reflects more of a CPG business model.” Charlotte’s Web spokesperson added.

See FDA’s Latest News Release “FDA Warns 15 Companies for Illegally Selling Various Products Containing Cannabidiol (CBD) as Agency Details Safety Concerns

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