# Charlotte's Web Holdings, Inc. (CWBHF)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/charlotte-s-web-holdings-inc/ JSON: https://steadybase.io/company/charlotte-s-web-holdings-inc.json Checked Nov 10, 2026. Latest filing read: Aug 13, 2026.

## Company

- Legal name: Charlotte's Web Holdings, Inc.
- Ticker: CWBHF (OTC)
- SEC CIK: 0001750155
- Industry: Agricultural Production-Crops (SIC 0100)
- Headquarters: Louisville, CO
- Fiscal year ends: December 31
- SEC filer category: <br>Emerging growth company
- Website: charlottesweb.com
- Investor relations: https://investors.charlottesweb.com/overview/default.aspx
- LinkedIn: https://www.linkedin.com/company/charlottesweb
- Next earnings date: Nov 13, 2026 (estimated from past 8-K timing)

## Key facts

- Revenue: $49.9M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/0001750155-26-000029-index.html
- Operating income: -$20.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/0001750155-26-000029-index.html
- Net income: -$29.7M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/0001750155-26-000029-index.html
- SG&A: $42.0M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/0001750155-26-000029-index.html
- Employees: 107 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/cweb-20251231.htm
- Shares outstanding: 271,291,529 as of Aug 11, 2026 (10-Q filed Aug 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000117/0001750155-26-000117-index.html
- Auditor: Pkf O’Connor Davies, LLP, New York, New York, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/cweb-20251231.htm

## Business

C. 2002, c. 57, as amended, including the regulations promulgated thereunder, headquartered in Louisville, Colorado, was incorporated under the BCBCA on May 18, 2018 under the name Stanley Brothers Holdings Inc. On July 12, 2018, the Company changed its name to Charlotte's Web Holdings, Inc. On August 29, 2018, the Company filed articles of amendment to amend its share capital in connection with its initial public offering to authorize the issuance of common shares ("Common Shares"), preferred shares and proportionate voting shares ("Proportionate Voting Shares") of the Company.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/cweb-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $49.9M | -$20.3M | -$29.7M | $42.0M |
| Dec 31, 2024 | $49.7M | -$32.0M | -$29.8M | $53.2M |
| Dec 31, 2023 | $63.2M | -$40.6M | -$23.8M | $75.6M |
| Dec 31, 2022 | $74.1M | -$52.5M | -$59.3M | $70.1M |
| Dec 31, 2021 | $96.1M | -$147.1M | -$137.7M | $97.6M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/charlotte-s-web-holdings-inc.json

## Officers and directors

- William J. Morachnick, Chief Executive Officer. LinkedIn: https://linkedin.com/in/bill-morachnick-01318a6. Source: Form 4 filed Jul 6, 2026, https://www.sec.gov/Archives/edgar/data/1750155/000175015526000107/0001750155-26-000107-index.htm
- Erika Lind, Chief Financial Officer. LinkedIn: https://linkedin.com/in/erika-lind. Source: Form 4 filed Apr 3, 2026, https://www.sec.gov/Archives/edgar/data/1750155/000175015526000042/0001750155-26-000042-index.htm
- Raymond J. Kunkel, Chief Operating Officer. Source: Form 4 filed Sep 4, 2026, https://www.sec.gov/Archives/edgar/data/1750155/000175015526000121/0001750155-26-000121-index.htm
- Mindy Beth Garrison, CPO & Corporate Secretary. Source: Form 3 filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1750155/000175015526000058/0001750155-26-000058-index.htm

## Recent 8-K events

- Aug 20, 2026: Item 1.01, Entry into a material definitive agreement. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000119/cweb-20260814.htm
- Aug 13, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000116/q22026formearningsreleasec.htm
- Jun 5, 2026: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000097/cweb-20260603.htm
- Jun 3, 2026: Item 1.01, Entry into a material definitive agreement; Item 1.02, Termination of a material definitive agreement; Item 3.02, Unregistered sales of equity securities; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000094/cweb-20260528.htm
- Jun 1, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.07, Submission of matters to a vote of security holders; Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000080/cweb-20260528.htm
- May 13, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/cweb-20260513.htm
- Apr 1, 2026: Item 1.01, Entry into a material definitive agreement. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000036/cweb-20260330.htm
- Mar 31, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000028/cweb-20260331.htm
- Mar 31, 2026: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000025/cweb-20260330.htm
- Nov 12, 2025: Item 2.02, Results of operations and financial condition (earnings release). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015525000077/cweb-20251112.htm

## Insider trades (Form 4)

- Sep 3, 2026: Raymond J. Kunkel (Chief Operating Officer) bought 137,935 shares, about $40,001. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000121/0001750155-26-000121-index.htm
- Sep 2, 2025: Raymond J. Kunkel (Chief Operating Officer) bought 229,167 shares, about $22,917. Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015525000059/0001750155-25-000059-index.htm

## What management said

- "The second quarter fundamentally changed Charlotte's Web's financial position. We completed the recapitalization, strengthened the balance sheet, and positioned the Company to pursue our healthcare strategy and federal regulatory priorities from a position of strength" Bill Morachnick, Chief Executive Officer of Charlotte's Web (8-K filed Aug 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000116/q22026earningspressrelease.htm
- "The balance sheet is in a fundamentally different position than it was ninety days ago" Erika Lind, Chief Financial Officer (8-K filed Aug 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000116/q22026earningspressrelease.htm

## Latest filings

- 8-K filed Aug 20, 2026: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000119/cweb-20260814.htm
- 10-K filed Mar 31, 2026: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000029/cweb-20251231.htm
- 10-Q filed Aug 13, 2026: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000117/cweb-20260630.htm
- DEF 14A filed Apr 16, 2026: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000065/cweb-20260416.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
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