Charlotte’s Web reports improved quarterly revenues, lower net income

Charlotte’s Web Holdings, which makes whole-plant hemp health supplements, reported quarterly revenues of $21.7 million for the three months ended March 31, up almost 66% from the corresponding period last year ($13.1 million).

The Boulder, Colorado-based company reported net income of $2.3 million for the period, compared with $3.1 million last year.

Charlotte’s Web trades on the Canadian Securities Exchange under the ticker symbol CWEB.

More details about the company’s results can be found here.