Raymond Kunkel Acquires 137,935 Shares of Charlotte’s Web (TSE:CWEB) Stock

Charlotte’s Web Holdings, Inc. (TSE:CWEB) insider Raymond Kunkel purchased 137,935 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were purchased at an average price of C$0.28 per share, for a total transaction of C$38,621.80. Following the transaction, the insider owned 914,929 shares of the company’s stock, valued at C$256,180.12. This trade represents a 17.75% increase in their position.

Charlotte’s Web Price Performance

CWEB opened at C$0.44 on Monday. Charlotte’s Web Holdings, Inc. has a fifty-two week low of C$0.10 and a fifty-two week high of C$1.33. The company has a debt-to-equity ratio of 23.29, a quick ratio of 1.41 and a current ratio of 4.19. The company has a fifty day moving average of C$0.39 and a two-hundred day moving average of C$0.64. The stock has a market capitalization of C$119.37 million, a price-to-earnings ratio of -2.10 and a beta of 0.81.

Charlotte’s Web (TSE:CWEB) last posted its earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative return on equity of 283.89% and a negative net margin of 73.65%.The firm had revenue of C$15.42 million for the quarter. On average, research analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current year.

Charlotte’s Web Company Profile

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.