---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-24-000301"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:04:00.252033+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web Q4 net loss $8.5M; FY revenue down 14.8% to $63.2M, launches True North turnaround

## Summary
- Q4 2023 revenue $15.9M (-16% YoY); gross profit $8.9M (56% margin); net loss $8.5M ($0.06/share).
- FY 2023 revenue $63.2M (-14.8% from $74.1M); net loss $23.8M ($0.16/share) improved vs $59.3M loss in 2022.
- True North turnaround includes eCommerce platform migration, brand consolidation under Charlotte's Web, and price cuts on CBD oils.
- Cash balance $47.8M at Dec 31, 2023; Q4 cash burn $2.2M (incl. $2.0M MLB payment); working capital $54.5M.

## SEC filing metadata
- accession: 0001279569-24-000301
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000301/0001279569-24-000301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000301/charlotte8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-24-000301
- JSON: https://secwatch.observer/filing/0001279569-24-000301.json
- Plain text: https://secwatch.observer/filing/0001279569-24-000301.txt

## Key facts
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported financial results for fourth quarter ended December 31, 2023.
  - Period: fourth quarter ended December 31, 2023
  - Result: reported results
  source text: Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in full spectrum hemp extract wellness products, today reported financial results for fourth quarter and year-ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000301/0001279569-24-000301-index.htm
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported financial results for year-ended December 31, 2023.
  - Period: year-ended December 31, 2023
  - Result: reported results
  source text: Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in full spectrum hemp extract wellness products, today reported financial results for fourth quarter and year-ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000301/0001279569-24-000301-index.htm

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