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Charlotte's Web Holdings, Inc. (CNSX:CWEB)

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Charlotte's Web Holdings (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, 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.

    http://www.cwhemp.com/



     
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#41   I asked for the ADMIN help just a JohnCM 08/30/18 08:23:50 PM
#40   Yes, we absolutely should. Have you contacted Admin about Rockhall 08/30/18 07:54:18 PM
#39   We should definitely merge these boards. I MarijuanaStockMillionaire 08/30/18 07:20:14 PM
#38   My 1,000 shares at a basis of $7.72 JohnCM 08/30/18 07:17:54 PM
#37   CWEB:CA CSE Stock Quote (15 Minute Delay) Rockhall 08/30/18 05:07:44 PM
#36   Used Fidelity. Entered at 9.88 CAD. MarijuanaStockMillionaire 08/30/18 01:04:14 PM
#35   HOD 8.39 US JohnCM 08/30/18 11:38:21 AM
#34   Quote Quote: 11:32:36 ET JohnCM 08/30/18 11:35:56 AM
#33   That's the way it goes. Tax cost. JohnCM 08/30/18 11:32:21 AM
#32   Yep, abrooklyn linked me, thanks! Rockhall 08/30/18 11:31:07 AM
#31   Did you go to CSE website? JohnCM 08/30/18 11:29:40 AM
#30   Sweet, thanks! Rockhall 08/30/18 11:15:30 AM
#29   We're both with Fidelity, and might be able Rockhall 08/30/18 11:14:29 AM
#28   15 minute delay abrooklyn 08/30/18 11:12:36 AM
#27   That sucks (big time) eh ? nowwhat2 08/30/18 11:08:58 AM
#26   Anyone able to check real time quotes yet? Rockhall 08/30/18 11:04:07 AM
#25   9:39am buy $7.47 US JohnCM 08/30/18 11:00:12 AM
#24   10:30:00 AM ET $7.4783 1,000.000 Rockhall 08/30/18 10:47:18 AM
#23   You will need to have international trading enabled, Rockhall 08/30/18 10:45:16 AM
#22   Fidelity said it wasn't available to the general Rockhall 08/30/18 10:43:38 AM
#21   9:29am EST JohnCM 08/30/18 10:41:55 AM
#20   When, what time, did you "get" shares? JohnCM 08/30/18 10:40:28 AM
#19   I have a limit order. I think I JohnCM 08/30/18 10:39:35 AM
#18   Same by me! Rockhall 08/30/18 10:38:56 AM
#17   nope, open and trading fine now - filled 9.7 Deewar25 08/30/18 10:36:52 AM
#16   Same here and waiting for any confirmation. Penny Masters 08/30/18 10:34:30 AM
#15   Opened and halted. Interesting. JohnCM 08/30/18 10:33:05 AM
#14   I had to pay 80.00 trade commission because JohnCM 08/30/18 10:32:21 AM
#13   Interactive Brokers DOES NOT allow Canadian Stock Exchange. MarijuanaStockMillionaire 08/30/18 10:30:17 AM
#12   Price has not been set as yet. Indication JohnCM 08/30/18 10:21:18 AM
#11   yeah, i really don't think its trading yet Deewar25 08/30/18 10:17:10 AM
#10   my broker says it opened at 10 and Funday 08/30/18 10:11:42 AM
#9   whats actual volume then? That's just showing Deewar25 08/30/18 10:08:14 AM
#8   I can't find them yet. I am MarijuanaStockMillionaire 08/30/18 10:07:16 AM
#7   Yes it is trading and over 10.00 Penny Masters 08/30/18 10:05:31 AM
#6   is it actually trading or are u full Deewar25 08/30/18 10:00:25 AM
#5   Still hoping all orders fill as this thing Penny Masters 08/30/18 09:43:46 AM
#4   I have no idea where my limit order JohnCM 08/30/18 09:41:58 AM
#3   Have some that filled. Still waiting for institutions Penny Masters 08/30/18 09:36:01 AM
#2   IPO today CSE. CWEB:CA JohnCM 08/30/18 09:35:00 AM
#1   Stanley Brothers Holdings has filed a preliminary prospectus JohnCM 08/30/18 09:32:46 AM
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