Home Tags Charlotte’s Web

Tag: Charlotte’s Web

Charlotte’s Web swings to loss in Q2, citing pandemic and operating expenses

9/14/20--Charlotte’s Web Holdings, a CBD manufacturer in Boulder, Colorado, lost $14.4 million last quarter as the coronavirus pandemic slowed retail sales and operating expenses rose 82% from the same period a year ago. The company announced a plan to reduce operating expenses by 10% by the end of 2020, without elaborating. Read

Charlotte’s Web earns U.S. Patent for improved hemp variety

5/20/20--Charlotte's Web has earned U.S. utility patent U.S. 10,653,085, its second U.S. patent for hemp genetics. This patent is for 'CW1AS1', a new hemp variety created by company co-founder Joel Stanley and Sr. Director of Cultivation R&D Bear Reel. The patent takes Charlotte's Web's premier proprietary genetics to the next generation, and builds a strong wall of protection around it, and the products made from it. Read