Charlotte’s Web (TSE:CWEB) Insider Raymond Kunkel Purchases 137,935 Shares

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

Charlotte’s Web Stock Up 4.8%

CWEB stock traded up C$0.02 during trading on Friday, reaching C$0.44. The stock had a trading volume of 67,186 shares, compared to its average volume of 148,638. The company has a quick ratio of 1.41, a current ratio of 4.19 and a debt-to-equity ratio of 23.29. The company 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 Holdings, Inc. has a one year low of C$0.10 and a one year high of C$1.33. The company’s 50 day moving average is C$0.39 and its two-hundred day moving average is C$0.64.

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

About Charlotte’s Web

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.