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Charlotte's Web Holdings Inc.

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Charlotte's Web Holdings Inc. - Healthcare showcase

Year Founded & Workforce

2014

500 Employees

Industry

Healthcare

Services

CBD Hemp Oil
C

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Charlotte's Web Holdings Inc. Overview

Company Headquarters: Boulder, Colorado US

Founded: 2014

Workforce: 500

Company Working: Charlotte's Web Holdings Inc. is involved in the production and distribution of hemp-based, cannabidiol products. There are various products offered by the company which includes tinctures, capsules, and topical. The company distributes its products under Charlotte’s Web and CW names through an e-commerce website, wholesalers, and retailing shops. The company has 3680 retail locations for distributing its products. Earlier the company was known as Stanley Brothers Holdings Inc. and changed its name to Charlotte’s Web in July 2018.

Strategy

The company focuses on research and development of CBD products. It also focuses on increasing production area for harvesting hemp crop to increase their CBD product line.

Company Snapshot

$27.45M

Revenue

500

Employees

2014

Founded

Boulder, Colorado US

Headquarters

SWOT Analysis

Strengths

  • Leader in the hemp extract market
  • Provides high quality CBD products
  • Have its own FDA-registered lab

Weaknesses

  • High competition from local payers

Opportunities

  • Expansion in untapped regions
  • Increasing use of hemp CBD oil in the healthcare industry
  • Unmet medical needs in developing and underdeveloped regions

Threats

  • Stringent government regulatory policies
  • High competition from existing market giants

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Key Developments

DateApproachDevelopment
January 2019Increased ProductionCharlotte's Web Holdings Inc. reported growth in its hemp harvest by ten times in 2018 compared to its 2017 season. It also stated that it had increased the plantation to 300 acres of hemp in 2018, from 70 acres in 2017.

Product Offering

  • Charlotte's Web Holdings Inc.
    • CBD Hemp Oil

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Sales rose from USD 27.5 Mn in 2017 to USD 48 Mn in 2018.
Charlotte's Web Holdings Inc. — By Business Segment
Series (USD Mn)20172018
Global Sales27.548
SBU breakup-13.83.8

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