Charlotte's Web Holdings Inc logo

CWEB - Charlotte's Web Holdings Inc News Story

C$6.1 0.0  0.7%

Last Trade - 15/01/21

Sector
Healthcare
Size
Mid Cap
Market Cap £490.1m
Enterprise Value £468.8m
Revenue £67.1m
Position in Universe 302nd / 2680

BUZZ-Charlotte's Web Holdings: Hits record low on bigger-than-expected loss

Mon 14th September, 2020 4:44pm
** Shares of medical cannabis co  CWEB.TO  fall as much as
7.1% to C$3.68 - a record low
    ** CWEB posts bigger-than-expected loss in Q2 and misses
revenue estimates, as stores that sell its products shuttered
temporarily or saw lower traffic due to the COVID-19 pandemic
 urn:newsml:reuters.com:*:nCNWr7lHHa
    ** We expect revenue to be flat to modestly higher for 2020
- CWEB  urn:newsml:reuters.com:*:nTRN1QF33m
    ** Analysts on average project FY20 revenue to jump 18.3%,
according to IBES data from Refinitiv
    ** Post results, Canaccord Genuity analyst Derek Dley cuts
PT on stock to C$7.75 from C$9
    ** Direct-to-consumer sales, however, increase 33.6% in Q2,
as its digital marketing campaigns and social-media programs led
to a rise in online traffic
    ** Avg. rating is "buy" and median PT is C$6.96, about 85%
higher than current trading level
    ** Including session's move, stock has lost about two-thirds
of its value this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.