Charlotte's Web Second-Quarter Results: Top and Bottom Lines Head in Different Directions
When Charlotte's Web (OTC: CWBHF) reported its first-quarter results in May, the company gave investors some unwelcome news. Although sales increased by 66% year over year, quarter-over-quarter growth was slower than ever.
The cannabidiol (CBD) pioneer announced its second-quarter results before the market opened on Wednesday. This time around, Charlotte's Web returned to solid sequential revenue growth, but its bottom line didn't look so great. Here are the highlights from the company's latest update.
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Source Fool.com
