Charlotte's Web Holdings Inc (CWBHF)

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I thought I heard Russ Hammer, CFO, mention on the earnings call that he expects a shift to positive EBITDA in late 2020. That might be a lofty goal - they have the gross margins, but they need to slim down SG&A spending. Hammer mentioned that they should be able to leverage these investments once the FDA issues guidance on CBD in ingestible products. If they have built a solid base of fixed costs and semi-fixed costs in their SG&A structure, a significant portion of future gross profit should drop straight to the bottom line (earnings and EBITDA). That's the hope anyway.