---
schema_version: "secwatch.filing_event.v1"
accession: "0001750155-26-000076"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2026-05-13T11:07:49+00:00"
generated_at: "2026-05-13T11:11:01.216500+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web Q1 2026 revenue down 9% to $11.2M, net loss $13.1M, proposes BAT transaction to eliminate debenture

## Summary
- Revenue $11.2M vs $12.3M in Q1 2025; net loss includes $8.9M non-cash fair value charge on BAT convertible debenture.
- Proposed transaction with BAT to convert ~$54M debenture and invest $10M, eliminating $3M annual interest; shareholder vote May 28, 2026.
- CMS BEI program activated April 1, 2026, allowing hemp-derived CBD coverage up to $500/beneficiary; FDA issued limited enforcement discretion.
- Adjusted EBITDA improved to -$1.7M from -$2.8M; SG&A down 17.7% to $9.5M; OTCQX upgrade completed post-quarter.
- DeFloria Phase 2 trial for ASD irritability candidate AJA001 expected mid-2026; in-house gummy manufacturing substantially complete.

## SEC filing metadata
- accession: 0001750155-26-000076
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2026-05-13T11:07:49+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/0001750155-26-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/cweb-20260513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001750155-26-000076
- JSON: https://secwatch.observer/filing/0001750155-26-000076.json
- Plain text: https://secwatch.observer/filing/0001750155-26-000076.txt

## Key facts
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported financial results for the quarter ended March 31, 2026.
  - Period: the quarter ended March 31, 2026
  - Result: reported results
  source text: On May 13, 2026, Charlotte’s Web Holdings, Inc. (the “Company”) issued an earnings release announcing its financial results for the three months ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/0001750155-26-000076-index.htm

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