Charlotte's Web Holdings Inc (CWBHF): "Gross profit totaled $36.0 million for...

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Charlotte's Web Holdings Inc (CWBHF)

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Tuesday, 01/15/2019 7:41:33 PM

Tuesday, January 15, 2019 7:41:33 PM

"Gross profit totaled $36.0 million for the year-to-date period ended September 30, 2018, compared to $20.0 million for the same period in 2017, a year-over-year increase of 80%."

"The YTD year-over-year improvement in gross profit is primarily attributed to improved manufacturing efficiencies achieved throughout the 2017 and 2018 periods from increased quantities of products manufactured."

https://backend.otcmarkets.com/otcapi/company/financial-report/208690/content

IMO, increasing the yield per acre by 2.5X is the equivalent of being given 2.5X more land for free, minus the additional taxes.

It is as if CWBHF was growing the same 2017 plants on 750 acres worth of land instead of 300 acres.

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