Charlotte's Web Holdings, Inc.
- CWBHF · OTC
- Agricultural Production-Crops
- Louisville, CO
- 107 employees
- CIK 0001750155
Updated from SEC filings through
Top things to know
Executives
- William J. Morachnick Chief Executive Officer 4, 2026-07-06
- Erika Lind Chief Financial Officer 4, 2026-04-03
- Raymond J. Kunkel Chief Operating Officer 4, 2026-09-04
- Mindy Beth Garrison CPO & Corporate Secretary 3, 2026-04-14
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed August 13, 2026
Charlotte's Web Holdings, Inc. is a U.S. public company in agricultural production-crops (SIC 0100), headquartered in Louisville, CO. It trades as CWBHF on OTC. Revenue was $49.9M in the fiscal year ending December 31, 2025, +0.5% from the year before. It reported about 107 employees. William J. Morachnick is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $49.9M 10-K, 2026-03-31 | $49.7M 10-K, 2026-03-31 | $63.2M 10-K, 2025-03-19 | $74.1M 10-K, 2024-03-21 | $96.1M 10-K, 2023-03-23 |
| Operating income | -$20.3M 10-K, 2026-03-31 | -$32.0M 10-K, 2026-03-31 | -$40.6M 10-K, 2025-03-19 | -$52.5M 10-K, 2024-03-21 | -$147M 10-K, 2023-03-23 |
| SG&A | $42.0M 10-K, 2026-03-31 | $53.2M 10-K, 2026-03-31 | $75.6M 10-K, 2025-03-19 | $70.1M 10-K, 2024-03-21 | $97.6M 10-K, 2023-03-23 |
| Net income | -$29.7M 10-K, 2026-03-31 | -$29.8M 10-K, 2026-03-31 | -$23.8M 10-K, 2025-03-19 | -$59.3M 10-K, 2024-03-21 | -$138M 10-K, 2023-03-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| William J. Morachnick CEO Charlotte’s Web | Chief Executive Officer | 4, 2026-07-06 |
| Erika Lind CFO at Charlotte’s Web | Chief Financial Officer | 4, 2026-04-03 |
| Raymond J. Kunkel | Chief Operating Officer | 4, 2026-09-04 |
| Mindy Beth Garrison | CPO & Corporate Secretary | 3, 2026-04-14 |
What Charlotte's Web Holdings, Inc. does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 271.3 million (as of August 11, 2026) | 10-Q, August 13, 2026 |
|---|---|---|
| Public float | $13.5M (as of June 30, 2025) | 10-K, March 31, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 13, 2026 |
| Latest proxy statement | Meeting December 31, 2025 (filed April 16, 2026) | DEF 14A, April 16, 2026 |
| Auditor | PKF O’Connor Davies, LLP (New York, New York) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 3, 2026 | Raymond J. Kunkel Chief Operating Officer | Buy | 137,935 | $40K | Form 4, September 4, 2026 |
| September 2, 2025 | Raymond J. Kunkel Chief Operating Officer | Buy | 229,167 | $23K | Form 4, September 3, 2025 |
Recent 8-K events
- 8-K filed 2026-08-20
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-08-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-05
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-03
- 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
- 8-K filed 2026-06-01
- 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
- 8-K filed 2026-05-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-01
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-03-31
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-31
- Item 8.01 Other events
- 8-K filed 2025-11-12
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Charlotte's Web Holdings, Inc.
- What does Charlotte's Web Holdings, Inc. do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Charlotte's Web Holdings, Inc.'s revenue?
- $49.9M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is Charlotte's Web Holdings, Inc. profitable?
- Charlotte's Web Holdings, Inc. reported net income of -$29.7M for the fiscal year ending December 31, 2025.
- How many employees does Charlotte's Web Holdings, Inc. have?
- About 107 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Charlotte's Web Holdings, Inc.?
- William J. Morachnick, Chief Executive Officer, as named in a 4 filed July 6, 2026.
- Who is the CFO of Charlotte's Web Holdings, Inc.?
- Erika Lind, Chief Financial Officer, as named in a 4 filed April 3, 2026.
- Where is Charlotte's Web Holdings, Inc. headquartered?
- Louisville, CO.
- What is Charlotte's Web Holdings, Inc.'s stock ticker?
- CWBHF on OTC.
- What industry is Charlotte's Web Holdings, Inc. in?
- Agricultural Production-Crops, SIC code 0100.
- What is Charlotte's Web Holdings, Inc.'s website?
- charlottesweb.com. Investor relations: https://investors.charlottesweb.com/overview/default.aspx.
- When does Charlotte's Web Holdings, Inc. report earnings next?
- November 13, 2026. Source: estimate_10q_cadence.
- Is Charlotte's Web Holdings, Inc. a public company?
- Yes. Charlotte's Web Holdings, Inc. files with the SEC under CIK 0001750155 and trades as CWBHF.
- Who audits Charlotte's Web Holdings, Inc.?
- PKF O’Connor Davies, LLP, New York, New York, as named in its latest annual report (10-K).
- How many shares of Charlotte's Web Holdings, Inc. are outstanding?
- 271.3 million shares as of August 11, 2026, from its 10-Q filed August 13, 2026.
- What is Charlotte's Web Holdings, Inc.'s public float?
- $13.5M as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- How many business segments does Charlotte's Web Holdings, Inc. report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 13, 2026.
- When is Charlotte's Web Holdings, Inc.'s annual shareholder meeting?
- December 31, 2025, per its proxy statement (DEF 14A) filed April 16, 2026.
- Have Charlotte's Web Holdings, Inc. insiders traded stock recently?
- Since September 2, 2025, officers and directors reported 0 open-market sales and 2 purchases worth about $63K on Forms 4 and 5. The most recent: Raymond J. Kunkel (Chief Operating Officer) bought 137,935 shares on September 3, 2026.