Charlotte's Web Q1 FY26 net loss widens to $13.1 million; revenue falls 9% to $11.2 million

Direxion Daily CSI China Int

Direxion Daily CSI China Int

CWEB

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  • Charlotte's Web posted Q1 revenue of USD 11.2 million, down 9% year over year, while net loss widened to USD 13.1 million.
  • Operating loss narrowed to USD 4.3 million as selling, general and administrative expenses fell 17.7% to USD 9.5 million.
  • Adjusted EBITDA loss improved to USD 1.7 million, while an USD 8.9 million non-cash fair value adjustment tied to the BAT convertible debenture weighed on results.
  • Cash and cash equivalents ended quarter at USD 5.2 million; management said a proposed transaction with BT DE Investments would convert about USD 54 million of debenture debt and add USD 10 million via private placement, pending shareholder approval on May 28.
  • CMS activated its optional BEI pilot on April 1, allowing eligible participants to cover hemp-derived products up to USD 500 annually per beneficiary, with management expecting adoption visibility to develop in the second half of 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charlotte's Web Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001750155-26-000076), on May 13, 2026, and is solely responsible for the information contained therein.

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