Charlotte's Web Holdings Reports Second Quarter 2024 Results

Key Financial Results

WEB Adjusted EBITDA1 loss for the second quarter of 2024 was $52 million compared to Adjusted EBITDA of $37 million for the same period in 2023.

WEB Direct-to-consumer net revenue through the Company's web store was $78 million, a decrease of $29 million as compared to the same period in 2023.