Hemp Stocks & Public Companies

Charlotte’s Web blames lack of FDA direction for slow revenue growth

CBD giant Charlotte’s Web said slow action by federal health regulators is causing disappointing growth in mass-market retail channels. The Boulder, Colorado, company told investors Wednesday that “a lack of regulatory direction” from the U.S. Food and Drug Administration (FDA) is slowing growth in food, drug and mass (FDM) sales channels. “Full revenue growth potential […]

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Losses narrow for GW Pharmaceuticals on dramatic revenue increase

A strong uptick in doctor prescriptions and coverage from health insurers is being credited for solid quarterly revenues for GW Pharmaceuticals. The London-based firm that makes cannabis-derived CBD medicines reported revenue of $91 million for the third quarter ended Sept. 30, up more than 3,500% from the same period a year ago. Despite the revenue […]

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Green Growth Brands completes first equity raise for CA$50.2 million

A Columbus, Ohio-based cannabis retailer that distributes CBD products at big-box retail stores and malls across America has completed its initial equity raise through a bought deal offering for 50.2 million Canadian dollars ($37.8 million). Green Growth Brands said in a statement that the raise is intended to fuel expansion. The company plans to combine […]

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Charlotte’s Web reports revenues buoyed by distribution deals; new CFO hired

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, on Wednesday reported revenue of $25 million for the second quarter ended in June, up 45% from the same period a year ago. Profit for the quarter was $18.8 million, up 35% from the previous year. Meanwhile, the company also announced that Chief Financial Officer Richard Mohr is […]

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Don’t fall victim to fantasy valuations in the hemp sector

We often hear from acquirers and company owners alike in cannabis sectors that the times we are living in now are like “the first years after Prohibition in 1933.” The implication is that hemp and marijuana versions of Anheuser-Busch, Coors and Seagram are being formed now, and it won’t be long before products will start […]

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Strong CBD drug release powers GW Pharmaceuticals’ record revenue

Strong patient interest in the only federally approved CBD product in the United States helped drugmaker GW Pharmaceuticals record $72 million in revenue last quarter. Epidiolex, a seizure control drug approved by the U.S. Food and Drug Administration, has seen brisk sales and new patient enrollments since the drug’s launch last November. GW Pharma (Nasdaq: GWPH) reported that […]

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European Medicines Agency panel OKs GW Pharma’s cannabis drug

The Committee for Medicinal Products for Human Use (CHMP) recommended approval of the British company’s cannabis-based medicine Epidiolex, said the drug’s maker, GW Pharmaceuticals. The CHMP is tasked with preparing the European Medicines Agency’s opinions on queries about the marketing of human medicines. The CHMP opinion was adopted July 25, and the final decision now […]

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Harvest Health inks deal with Asian-American trade group to sell CBD at 10,000 retail stores in US

An Arizona cannabis company said Tuesday it has signed a landmark agreement to bring its CBD products to more than 10,000 gas stations, convenience stores and other retail locations in the United States. The partnership between Phoenix-based Harvest Health & Recreation and the Asian American Trade Associations Council (AATAC) retailer network will bring the company’s […]

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Illinois holding company buying hemp manufacturers, says it wants in on boom

An Illinois holding company is acquiring manufacturers that make hemp-derived CBD products, with an eye toward becoming a serious player in the space. Acquired Sales Corp. of Lake Forest is changing its name to CBD Lion and is flexing into the hemp market with significant acquisitions and investments: The company is acquiring Lifted Liquids – a […]

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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 […]

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