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Charlotte's Web™ Expands its Brightside Line with Launch of Knockout Hemp THC Sleep Gummies
Prnewswire· 2025-10-14 11:06
Core Insights - Charlotte's Web has launched a new hemp-derived THC product called Knockout, expanding its Brightside collection into the sleep market, combining cannabinoids and fast-acting delivery technology to support quality sleep [2][3] Product Details - Knockout is a blackberry-flavored gummy infused with a balanced ratio of hemp-derived THC and CBN, designed to help users fall asleep and promote restful sleep throughout the night [2][3] - The proprietary AZUCA TiME INFUSION™ delivery system allows for rapid onset of effects, typically within 5 to 15 minutes [2][7] - Knockout retails for $39.99 for a 20-count package and is available online and at select retailers starting October 14, 2025 [4] Market Positioning - The sleep segment is one of the fastest-growing areas in wellness, and Charlotte's Web aims to lead the hemp wellness category with Knockout [3] - The product is positioned as a natural alternative to alcohol and traditional sleep aids, appealing to consumers seeking safe and reliable sleep solutions [3] Brand Commitment - Charlotte's Web emphasizes its commitment to ingredient integrity and science-backed formulations, enhancing its portfolio with innovative, fast-acting products [3][5] - The Brightside line includes other formulations such as Unwind, Focus, and Recover, showcasing the company's dedication to precision wellness [5]
Charlotte's Web Reports Year-Over-Year Growth For Q2 2025
Prnewswire· 2025-08-13 11:07
Core Insights - Charlotte's Web Holdings, Inc. reported its second consecutive quarter of year-over-year revenue growth, achieving $12.8 million in Q2 2025, a 4.2% increase from $12.3 million in Q2 2024, driven by new product innovations and omnichannel expansion [1][12][10]. Financial Performance - The company achieved a gross profit of $6.0 million in Q2 2025, representing 46.8% of revenue, compared to $2.6 million or 21.0% of revenue in Q2 2024 [13][10]. - Selling, general, and administrative (SG&A) expenses decreased by 31.7% year-over-year to $10.1 million, down from $14.7 million in Q2 2024, reflecting effective cost management strategies [14][3]. - The net loss for Q2 2025 was $6.3 million, or $(0.04) per share, an improvement from a net loss of $11.1 million, or $(0.07) per share, in Q2 2024 [15][10]. Operational Developments - The company successfully transitioned to in-house production of its Brightside™ THC gummies, which has led to improved margins and accelerated product timelines [5][2]. - Charlotte's Web expanded its product portfolio with the introduction of CBG Focus & Attention Gummies and functional mushroom gummies, targeting high-growth segments in the wellness market [6][7]. Strategic Initiatives - The company is focused on enhancing its omnichannel presence, with digital sales contributions from platforms like TikTok Shop, Amazon, and Walmart.com [4][10]. - Charlotte's Web is actively pursuing regulatory advancements for hemp-derived products, anticipating a favorable regulatory environment that could benefit established brands [8][10]. Clinical and Research Progress - The collaboration with DeFloria, Inc. has commenced FDA-cleared Phase 2 clinical trials for a botanical drug candidate aimed at treating irritability associated with autism spectrum disorder, representing a potential long-term revenue opportunity [9][10].
Charlotte's Web 2025 Second Quarter Earnings Call and Webcast Notice
Prnewswire· 2025-08-05 15:44
Core Insights - Charlotte's Web Holdings, Inc. is set to report its second quarter results for 2025 on August 13, 2025, prior to market opening [1] - A conference call to discuss the results will take place on the same day at 11:00 A.M. Eastern Time [1] Company Overview - Charlotte's Web is a botanical wellness innovation company and a market leader in cannabidiol (CBD) hemp extract wellness products [3] - The company offers a range of products including whole-plant full-spectrum CBD extracts, broad-spectrum CBD, and cannabinoid isolates [3] - Product categories include CBD oil tinctures, CBD gummies for various purposes, CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, topical creams, lotions, and CBD products for pets [3] - The company employs a vertically integrated business model to ensure product quality and consistency, with rigorous testing from soil to shelf [3] - Products are distributed to retailers and healthcare practitioners across the U.S. and are available for online purchase [3]