Charlotte's Web Q2 revenue down 15% to $10.9M; debenture conversion restores positive equity

Charlotte's Web Holdings, Inc.

2026-Q2 EPS reported -$0.10 revenue$22,014,000

Revenue $10.9M, down 15.2% YoY; gross margin 47.5% vs 46.8%.
Net loss $4.1M ($0.02/sh) vs $6.3M loss; adjusted EBITDA -$3.0M vs -$3.6M.
Converted C$75.3M BAT debenture to equity; eliminated $57M liabilities, equity now $56.1M, cash $14.0M.
Senate CR postpones hemp ban to Dec 11, 2026; California restrictions cut ~10% revenue.
Capex $50K vs $652K; operating cash use $0.9M in Q2 vs $2.8M in Q1.

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