Charlotte’s Web Reports 2023 Third Quarter Financial Results
LOUISVILLE, Colo. – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in full spectrum hemp extract wellness products, today reported financial results for the third quarter ended September 30, 2023. CEO Appointment Signals Strategic Changes On September 13, 2023, Charlotte’s Web appointed Bill Morachnick, Chief Executive Officer of the Company. Mr. Morachnick is an accomplished executive with a track record of building premium, differentiated products and brands. He brings an operational and data-driven mindset fixated on growth through the integration of marketing, sales, innovation and technology, with a consumer-centric focus. “Since I joined Charlotte’s Web in the late third quarter, I have been truly impressed by the talent, passion, and scientific expertise within the company,” stated Bill Morachnick, the CEO of Charlotte’s Web. “Following less-than-satisfactory third-quarter revenue, we have quickly mobili...