secwatch.observer — SEC 8-K summary
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Issuer:     Charlotte's Web Holdings, Inc. (CWBHF)
CIK:        0001750155
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001279569-22-001879
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Charlotte's Web Q3 revenue down 28% YoY to $17M; operating loss improves, adjusted EBITDA positive
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- Net revenue $17.0M, down 28.1% from $23.7M in Q3-2021; B2B revenue fell 38.1%.
- Operating loss improved 58.2% to $3.9M vs $9.4M a year ago; adjusted EBITDA positive $0.6M vs -$4.8M.
- Cash increased to $16.5M from $14.8M at June 30; net cash from operations -$2.6M YTD.
- Named official CBD of Major League Baseball on Oct 12; launched NSF-certified Sport line.
- Distribution deals with Cardinal Health, Southern Glazer, and Tilray alliance for Canadian market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750155/000127956922001879/0001279569-22-001879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750155/000127956922001879/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001279569-22-001879

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer