---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-001426"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:10:11.168487+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web Q3 revenue falls 16% to $14.3M; net loss widens to $15.2M; new CEO appointed

## Summary
- Q3 revenue $14.3M, down from $17.0M YoY; net loss $15.2M ($0.10/share) vs $7.6M ($0.05).
- Adjusted EBITDA loss $6.4M vs positive $1.2M in Q3 2022; SG&A rose to $19.9M from $11.0M.
- New CEO Bill Morachnick effective Sept 13, 2023; plans e-commerce platform overhaul and brand refresh.
- Joined ONE HEMP coalition to push federal CBD dietary supplement regulation; H.R. 1629 progress noted.
- Cash balance $51.0M vs $67.0M at Dec 31, 2022; net cash used in operations $7.8M in Q3.

## SEC filing metadata
- accession: 0001279569-23-001426
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956923001426/0001279569-23-001426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956923001426/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-001426
- JSON: https://secwatch.observer/filing/0001279569-23-001426.json
- Plain text: https://secwatch.observer/filing/0001279569-23-001426.txt

## Key facts
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported financial results for the three months and nine months ended September 30, 2023.
  - Period: the three months and nine months ended September 30, 2023
  - Result: reported results
  source text: On November 9, 2023, Charlotte’s Web Holdings, Inc. (the “Company”) issued an earnings release announcing its financial results for the three months and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956923001426/0001279569-23-001426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.