On January 25, Charlotte’s Web Holdings’ (CWBHF) stock price closed at $14.41, ~4.87% higher than its closing price of $13.74 on January 24 and ~11% higher than its closing price of $6.21 on January 18.
The closing price of $14.41 on January 25 represents ~30% YTD (year-to-date) growth, ~77% growth over its 52-week low of $8.13 on October 30, and a ~31% fall from its 52-week high of $20.76 on October 19.
Charlotte’s Web Holdings’ peers in the marijuana market, Trulieve Cannabis Corporation (TCNNF) and iAnthus Capital Holdings (ITHUF), grew ~21% and ~19% YTD in January, respectively.
Financials in a nutshell
Charlotte’s Web is one of the leaders in the hemp market. It focuses on the development, manufacturing, and supply of novel hemp-based cannabidiol.
Analysts expect Charlotte’s Web’s net revenues to be around $27.77 million and $70.52 million in the fourth quarter and full-year 2018, respectively. Analysts also predict net revenues to be around $151.90 in fiscal 2019.
Charlotte’s Web Holdings delivered ~57% YoY (year-over-year) organic revenue growth in the third quarter of 2018. The company’s gross profit and adjusted EBITDA in the third quarter grew ~54% and 23% YoY, respectively, to reach $13.8 million and $5.4 million.
Its net revenues over the first nine months of 2018 grew ~75% YoY to reach $48.0 million from $27.5 million.
Analysts expect the company’s net income to be around $6.8 million and $14.82 million in the fourth quarter and full-year 2019, respectively. They also predict that the company’s net income in the full-year 2019 will be around $39.50.
The company’s net income over the first nine months of 2018 amounted to $8.7 million, representing ~71% YoY growth.