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Charlotte's Web Holdings, Inc.

US OTCQX: CWBHF
CA CSE: CWEB [CSE25 Index Member]







Charlotte's Web Holdings, Inc. (CWEB:CA) has gone public in Canada (CSE) via IPO on August 30th 2018
The latest in a growing list of U.S. businesses looking north of the border to raise capital.

The firm is the parent company of CW Hemp, the manufacturer of Charlotte’s Web CBD products, that was catapulted into the media spotlight in 2013 when it was featured in the CNN documentary “Weed.”

While the story of Charlotte’s Web garnered international exposure, little has been shared publicly about Stanley Brothers operations and financials – until now.
According to the firm’s preliminary prospectus Stanley Brothers, the company has been steadily posting an annual profit since 2016.
Its filing shows:

Revenue grew from $14.7 million in 2016 to $40 million in 2017, up  172% year-over-year.
Gross profit grew from $9.6 million in 2016 to $29.9 million in 2017, a 212% spike.
Gross profit as a percent of revenue was 65% and 75% in 2016 and 2017, respectively.
Adjusted EBITDA grew from $2 million in 2016 to $14.1 million in 2017; adjusted EBITDA as a percent of revenue was 14% and 35% in 2016 and 2017, respectively.

For the three months ended March 31 2018, the company posted revenue of $13.1 million, gross profit of $10.5 million and adjusted EBITDA of $4.5 million.

Other highlights from the filing include:

The firm has more than 170 employees, with hemp cultivation operations in northeastern Colorado.
It also has source contracts in place with farms in Kentucky and Oregon.

In 2017, the firm estimated its market share at roughly 14%, based on its $40 million in revenue in an estimated $287 million hemp CBD market.
The firm’s liquid products are priced from $39.99 to $274.99. Its capsules sell for $34.99 to $119.99.
For its fiscal 2018, the firm projects sales of $65 million to $80 million, with estimated annual adjusted EBITDA of $23 million to $30 million.

Capitalization

Issued & Outstanding: 
17,247,246
Reserved for Issuance: 
90,520,690
Fully Diluted
107,767,936

Corporate Website: http://www.cwhemp.com/

CONTACT

Charlotte’s Web Holdings Inc.
Investor Relations
2425 55th Street, Suite 200
Boulder, Colorado, 80301

Email:  InvestorRelations@CWhemp.com

Phone: (416) 594-3849

_________________________________________________________________________________________________________________________________________________________________________________

10/31/18

CORRIENTE MASTER FUND II, LP INCREASES OWNERSHIP IN CHARLOTTE'S WEB HOLDINGS, INC.

Toronto, Ontario – October 31, 2018 – Corriente Master Fund II, LP (“Corriente”) announced that effective October 29, 2018 it has increased its ownership in the capital of Charlotte’s Web Holdings, Inc. (the “Issuer”) by another 2% through acquisitions on the Canadian Securities Exchange (the “CSE”). Together with the 2,149,700 common shares of the Issuer previously owned by Corriente, which represented approximately 12.46% of the then issued and outstanding common shares of the Issuer and approximately 2.32% of the then total voting rights of the Issuer, Corriente now owns and controls a total of 2,592,500 common shares of the Issuer, or approximately 15.03% of the issued and outstanding common shares of the Issuer and approximately 2.79% of the total voting rights of the Issuer. Corriente Advisors, LLC is the investment manager of Corriente. Corriente acquired the common shares for investment purposes, and may acquire further common shares or dispose of its holdings of the common shares, as investment conditions warrant. The Issuer is listed on the CSE under the symbol “CWEB”.

https://webfiles.thecse.com/investorx/CWEB/1810311411531027.pdf?0EwJCvplmASPhMFCjlSkrJvuP68OxoMi

10/17/18

Charlotte's Web CEO Hess Moallem appeared on CNBC Squawk on the Street this morning. The interview aired just before 11am ET and touched on a handful of topics including the legalization of marijuana in Canada and its potential impact on the CBD market, broader cannabis regulations in the U.S., sales of Charlotte’s Web products in the U.S. as a core market with plans to expand internationally, and the Bi-partisan support for the Farm Bill.

Hess concluded by reminding the audience that Charlotte’s Web, unlike many cannabis companies, has established revenue, significant profitability and is focused on the momentum of its market share expansion.

The interview can be viewed here: https://www.cnbc.com/video/2018/10/17/canada-marijuana-cannabis.html

10/16/18

CBD Leader Charlotte’s Web Holdings, Inc. Surpasses 3000 Locations as Mainstream Market Grows

BOULDER, COLORADO, October 16, 2018 — (CSE: CWEB; OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market share leader in hemp-based CBD wellness products, has surpassed 3000 retail locations across the United States. At the end of 2017, Charlotte’s Web products were sold in approximately 2,000 locations. The Company disclosed today that it surpassed its 2018 year-end goal of 3,000 locations during the 3 rd quarter. “Firstly, I would like to commend our incredible and committed staff who worked tirelessly to achieve this milestone,” stated Charlotte’s Web CEO Hess Moallem. “I would also like to thank our dedicated retail partners for their continued support of our mission and for valuing the trust that is closely associated with our brand name.” With CBD gaining mainstream market momentum, Charlotte’s Web, the industry pioneer and category leader in hemp-based CBD, has expanded its suite of product offerings across a wider variety of retailers, from small specialty health food stores to now including regional pharmacy and grocery chains. The Company recently added more than 40 Bartell drug stores in the North West. Mr. Moallem added, “While we are thrilled to beat our retail expectations for the year, we know this is just the beginning of our continued expansion both domestically and worldwide. We are deeply committed to the millions of people who benefit from Charlotte’s Web and we will continue breaking new ground to ensure our products are made available in as many retail locations as possible.” In September at Natural Products EXPO East 2018, Charlotte’s Web took home The NEXTY Consumer Choice Award. The NEXTY Award recognizes innovative natural products that inspire and uphold industry integrity. Charlotte’s Web was selected from a group of 57 finalists. The Company recently completed a brand and consumer packaging refresh.

https://www.otcmarkets.com/stock/CWBHF/news/CBD-Leader-Charlottes-Web-Holdings-Inc-Surpasses-3000-Locations-as-Mainstream-Market-Grows?id=207026

10/11/18

OTC Markets Group Welcomes Charlotte's Web Holdings, Inc. to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Charlotte's Web Holdings, Inc. (CSE: CWEB; OTCQX: CWBHF), ("Charlotte's Web" or "the Company") the market leader in the production and distribution of innovative hemp-based cannabidiol ("CBD") wellness products, has qualified to trade on the OTCQX® Best Market. 

Charlotte's Web Holdings begins trading today on OTCQX under the symbol "CWBHF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. Trading on OTCQX provides broader access for U.S. investors interested in investing in Charlotte's Web.

"Charlotte's Web Holdings joins a robust roster of CSE-listed companies that choose to cross-trade on the OTCQX Market to provide greater transparency and more efficient trading for their investors globally," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We look forward to supporting Charlotte's Web Holdings as the company works to build visibility, liquidity and long-term shareholder value."

"As the market leader, we have a substantial base of customers in the United States," said Hess Moallem," President & CEO of Charlotte's Web. "Accordingly, we have a substantial U.S. investor following and trading on the OTCQX Market will improve accessibility, liquidity and exposure for investors in the U.S."

https://www.otcmarkets.com/stock/CWBHF/news/OTC-Markets-Group-Welcomes-Charlottes-Web-Holdings-Inc-to-OTCQX?id=206529
 

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CWBHF News: Growing Cannabis Industry Creates Space for New Strategies 08:45 AM
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#787  Sticky Note John Boehner (Former Speaker of the United States Rockhall 10/24/18 07:39:15 AM
#765  Sticky Note There are 17.2M shares currently issued and outstanding. Rockhall 10/22/18 08:27:16 AM
#435  Sticky Note CHARLOTTE'S WEB HOLDINGS COVERAGE by Canaccord Genuity ANIA77 10/02/18 09:12:23 PM
#886   Hey Adam, JoshSp 11/13/18 12:15:43 PM
#885   Just thought I'd share this little video I Nickftw 11/12/18 06:23:19 PM
#884   Snapped up another 2500 shares today. Farm Bill CWEBster 11/12/18 12:50:33 PM
#883   Texas Lawmaker Files Marijuana Decriminalization Bill: DD8 11/12/18 11:01:53 AM
#882   "Farm Bill Negotiators Aim to Hash Things Out notshakenorstirred 11/12/18 10:18:24 AM
#881   Sold my entire position at $18 Canadian. Bought CWEBster 11/09/18 06:43:34 PM
#880   https://www.marijuanamoment.net/mitch-mcconnell-guarantees-industrial-hemp-legal HMB2010 11/09/18 03:55:41 PM
#879   Yeah I believe the expectations are $20m+. I Nickftw 11/09/18 03:31:13 PM
#878   What are the revenue expectations? $20+ mil q3? HopeSkeptic 11/09/18 03:24:05 PM
#877   It's all good. Financials at the end of Nickftw 11/09/18 02:46:30 PM
#876   Not sure why we are off so much. HopeSkeptic 11/09/18 01:19:29 PM
#875   A chart can always tell you what has Monksdream 11/09/18 07:21:16 AM
#874   Does this have any significance in TA? Nickftw 11/08/18 11:50:42 PM
#873   Triple top... Monksdream 11/08/18 08:57:05 PM
#872   I don't think so. I think it was ANIA77 11/08/18 06:46:28 AM
#871   Hi all: was CWEB dip related to CVSI HopeSkeptic 11/08/18 06:28:28 AM
#870   The Midwest May Be the Next Frontier In DD8 11/07/18 09:11:33 PM
#869   Jeff Sessions news: trademax42 11/07/18 05:38:12 PM
#868   Leverage in and trade around a position. Good volility JohnCM 11/07/18 02:05:03 PM
#866   Think we will see any big dips? I Lunarpig 11/07/18 11:54:31 AM
#865   $12.95 low of day JohnCM 11/07/18 10:36:32 AM
#864   Throw TILRAY out of the equation. JohnCM 11/07/18 10:35:34 AM
#863   Already connected into the cannabis industry is industrial JohnCM 11/07/18 10:34:22 AM
#862   We got rid of anti weed Pete Wilson starkd748 11/07/18 02:34:12 AM
#861   Weeeeeeeee pro mj candidates kicking Asss starkd748 11/06/18 11:25:47 PM
#860   Legalization On The Ballot: Live Marijuana Election Results: DD8 11/06/18 08:52:22 PM
#859   Good question. But considering how overvalued companies like mc73 11/06/18 03:32:28 PM
#858   https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144368157 Rockhall 11/06/18 03:15:01 PM
#857   What is the market cap for this company? RunnerRunner 11/06/18 02:53:50 PM
#856   Yeses John remember bedrocan had the same model starkd748 11/06/18 01:10:11 PM
#855   Crushing it ... JohnCM 11/06/18 12:19:42 PM
#854   Hey Josh :) Rockhall 11/06/18 09:28:52 AM
#853   Question for Rockhall JoshSp 11/06/18 08:59:48 AM
#852   Look at that spread...$20 on the bid! mc73 11/06/18 02:02:32 AM
#851   Yes, on or before 11/29. Rockhall 11/05/18 05:21:38 PM
#850   Will.the company put a statement out? japeterson 11/05/18 04:31:44 PM
#849   Due by 11/29, but may be released earlier Rockhall 11/05/18 04:30:05 PM
#848   Can anybody confirm when the next earnings report is? japeterson 11/05/18 04:12:13 PM
#847   Rolling Stone Article on CBD. 22 billion $ excboe 11/05/18 03:39:20 PM
#846   Great day so far! Jaymeinnyc 11/05/18 03:27:24 PM
#845   I agree starkd748 11/05/18 01:57:25 PM
#844   Thanks! HMB2010 11/05/18 01:52:41 PM
#843   $25-$30 after Farm Bill passes Rockhall 11/05/18 01:51:18 PM
#842   NICE! Jaymeinnyc 11/05/18 12:37:49 PM
#841   Omg, just now even after all these weeks! HMB2010 11/05/18 12:33:37 PM
#840   Isn't that always a case ? LOL ANIA77 11/05/18 11:19:37 AM
#839   Good info and nice day again today. Making SILVER HARVEST 11/05/18 11:18:18 AM
#838   Roundtable just came out with Hemp certification program. ANIA77 11/05/18 06:22:44 AM
#837   https://www.stockscores.com/chart.asp?TickerSymbol=CWBHF&TimeRange=180&Inte JohnCM 11/02/18 11:02:18 AM
#836   Yeah I think we are going to see Nickftw 11/02/18 10:46:18 AM
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