It’s that time of year. The first quarter came to a close at the end of March, making it time for companies to provide financial updates. After crunching the numbers and settling their books, two cannabis companies are ready to release their latest financial health.
The market leader in cannabidiol (CBD) and hemp wellness products, Charlotte’s Web Holdings, said it plans to announce its first-quarter financial results upon the close of operations on May 16. A conference call is expected to be held before noon the following day. All issues related to the financial results will be discussed on the conference call.
The company’s CW Labs R&D Division advances hemp science at two centers of excellence at Louisville, Colorado and at the Hauptmann Woodward Research Institute at University at Buffalo. These are part of the State University of New York network. Charlotte’s Web product categories are full-spectrum hemp CBD oil (liquid products), CBD gums (sleep and stress recovery), CBD capsules (sleep and exercise recovery), CBD topical creams or lotions and CBD pet products.
Charlotte’s Web has a vertically integrated business model that ensures product consistency and quality. Charlotte’s Web products can be found in more than 15,000 retail stores, more than 8,000 health care professionals, and online.
Aurora Cannabis will host a conference call on Thursday, May 12, 2022, at 5 PM Eastern Time. It will also be available at 3:00 PM Mountain Time to discuss its third-quarter fiscal year 2022 results. The company will announce its financial results for the third fiscal quarter of 2022 on the same day as the close of markets.
The company’s adult-use brand portfolio includes Aurora Drift (San Rafael ’71), Daily Special, and Whistler, as well as CBD brands Reliva and KG7. CanniMed and Aurora are medical cannabis brands. Whistler Medical Marijuana Co is also a part of the company’s portfolio.
Aurora’s brands have been a leader in the adult recreational, medical, performance, wellness, and adult healthcare markets. Their brand is driven by science, innovation and focuses on high-quality cannabis products.