Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) a producer of hemp-derived CBD and other botanical wellness products, reported on Thursday financial results for the third quarter ended Sept. 30, 2024. CEO of Charlotte's Web," Bill Morachnick, CEO of Charlotte's Web, said. "We've seen positive impacts from our e-commerce platform upgrades, recent product launches, and additional retailers, highlighted by our new partnership with Walmart that brings our CBD topicals to another 827 stores."
Cannabis giant Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced on Monday the launch of new Charlotte's Web (TSX: CWEB) (OTCQX: CWBHF) CBD gummies in Canada. The new gummies hit shelves in select cannabis retailers across Ontario. The products will be available in select provinces and retailers this October and November. Utilizing Tilray Medical website, the products will be available online as well.
Sen. Ron Wyden (D-OR) made headlines a week ago after introducing the Cannabinoid Safety and Regulation Act (CSRA), a measure that seeks to set up a federal framework for regulating hemp-derived cannabinoids like CBD and Delta-8 THC. On Wednesday, ONE HEMP hailed Congressional action toward the regulation of CBD as a dietary supplement, calling the move "long overdue." The coalition of industry leaders was committed to advancing regulatory standards for hemp-derived cannabinoid (CBD) products for years.
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) will release its financial results for the first quarter of fiscal year 2025 ended June 30, 2024, before financial markets open on August 9, 2024.Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) will hold its 2024 second-quarter earnings conference call on Thursday, August 8, 2024, at 8:30 am Eastern Time. TILT Holdings Inc. (Cboe: TILT) (OTCQB: TLLTF) will host a second-quarter earnings conference call on Friday, August 9, 2024, at 8:30 am Eastern Time. WM Technology, Inc. (NASDAQ: MAPS) - also known as Weedmaps - a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2024, after market close on Thursday, August 8, 2024. Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) will report its 2024 second-quarter results prior to the market opening on August 8, 2024. A conference call to review the results is scheduled for the same day at 11:00 am Easter Time.
Charlotte's Web Holdings, Inc. announced Wednesday that its hemp-derived CBD products are now available at Walmart. Starting in June, consumers will find topical products in 827 Walmart stores across five states including California, Illinois, Florida, Texas, and Pennsylvania. Walmart is the world's largest retailer domestically and internationally, with sales reaching $161 billion in Q1 2024.
s Benzinga Cannabis Capital Conference returns to Chicago this Oct. 8-9 its 19th edition, gathering top CEOs, investors and investors and leaders in the cannabis industry, let's scroll through the latest leadership changes in the space.Kicking off with Margaret Brodie, CEO of Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), who has recently been nominated as an EY Entrepreneur Of The Year 2024 finalist in Pacific. The company shared the news in an X post earlier in June. Canadian cannabis giant Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) recently appointed Ryan Keith, a senior commercial leader with over two decades of experience in the healthcare and pharmaceutical sectors as head of clinics. Cannabis multi-state operator Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) reported last week that it has tapped Rebecca Kirk to serve as its chief operating officer.
As the premier gathering of top entrepreneurs and investors is taking place this Monday in New Jersey, let's scroll through the latest leadership changes in the cannabis and psychedelics industries.Cybin Inc.announced recently that Dr. Atul R. Mahableshwarkar M.D., DLFAPA, opted to join the company as senior vice president of clinical development. In addition, six cannabis companies announced changes to their respective boards of directors.
Charlotte's Web Holdings, Inc. reported on Thursday financial results for the fourth quarter and year ended Dec. 31, 2023. The Louisville, Colorado-based hemp extract wellness producer reported a 16% year-over-year decrease in fourth-quarter consolidated net revenue to $15.9 million. The company said both retail and e-commerce revenues lower year-over-year. Charlotte's Web said CBD product sales remain below expectations, attributing it to "ongoing headwinds in the overall CBD category, including regulatory ambiguities at the federal and state levels, associated consumer confusion, and competitive crowding and pricing pressures."
Cannabis multi-state operator Cresco Labs kicked off February by announcing the promotion of Greg Butler to the position of president. Tom Shuman, a CPG sales and marketing veteran, agreed to serve as The Hempshire Group's new CEO. Los Angeles-based STIIIZY INC. named Isaac Kim its new CFO earlier this month. Another California-based cannabis operator Lowell Farms appointed Jamie Schniedwind as its new director of finance. The Colorado-based medical cannabis pioneer Charlotte's Web Holdings tapped Matthew E. McCarthy, the former CEO of Ben & Jerry's Homemade, to serve on its board earlier this month. Aurora Cannabis has named Simona King, a former executive of Bristol Myers-Squibb, its new CFO.
Colorado lawmakers have introduced a bipartisan bill that aims to remove a rule requiring cannabis products to be tested for a fungus called Aspergillus. The rule, which was implemented by the Colorado Marijuana Enforcement Division, resulted in 17 product recalls in 2023, the most in the last seven years. The bill, Senate Bill 24-076, also seeks to make other changes to cannabis business regulations in the state. It would address the issue of labelling mandates for THC-infused products made from remediated marijuana, allow dispensaries to sell consumable goods that don't contain THC or CBD, and extend cannabis licensure from one to two years without any changes in fees. The bill has been brought by the Marijuana Industry Group, which says it is time for Colorado to streamline its regulations, following the lead of states including Nevada, California, Oregon and Maryland.
Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported its third-quarter results on Thursday for the three months ended Sept. 2023, revealing a nearly 16% year-over-year decrease in revenue to $14.3 million.
Cannabis company Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) tapped William Morachnick to serve as its new chief executive officer, succeeding CEO Jacques Tortoroli, who resigned from his roles at the Louisville, Colorad
Charlotte's Web Holdings, Inc. (OTCQX: CWBHF) (TSX: CWEB) released its financial results for the second quarter ended June 30, 2023, revealing net revenue of $16.0 million, a decrease of 15.2% compared
