Charlotte's Web Holdings, Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 49.7M | 63.2M | 74.1M | 96.1M |
| Operating Revenue | 49.7M | 63.2M | 74.1M | 96.1M |
| Cost Of Revenue | 28.4M | 27.6M | 54.7M | 47.5M |
| Gross Profit | 21.3M | 35.6M | 19.4M | 48.6M |
| Selling General And Administration | 53.2M | 75.6M | 70.1M | 97.6M |
| Operating Expense | 53.2M | 75.6M | 70.1M | 97.6M |
| Operating Income | -32.0M | -40.1M | -50.6M | -49.1M |
| EBIT | -32.0M | -40.1M | -50.6M | -49.1M |
| Other Income Expense | 2.2M | 16.8M | -8.6M | -88.5M |
| Other Non Operating Income Expenses | 1.6M | -2.7M | 744,000 | 51,000 |
| Special Income Charges | 0.00 | -548,000 | -1.8M | -98.0M |
| Gain On Sale Of Security | 615,000 | 9.3M | -7.5M | 9.4M |
| Earnings From Equity Interest | 0.00 | 10.7M | 0.00 | -- |
| Pretax Income | -29.8M | -23.3M | -59.2M | -137.6M |
| Tax Provision | 39,000 | 529,000 | 91,000 | 143,000 |
| Tax Effect Of Unusual Items | 129,150 | 1.8M | -2.0M | -23.9M |
| Net Income From Continuing And Discontinued Operation | -29.8M | -23.8M | -59.3M | -137.7M |
| Net Income From Continuing Operation Net Minority Interest | -29.8M | -23.8M | -59.3M | -137.7M |
| Net Income Including Noncontrolling Interests | -29.8M | -23.8M | -59.3M | -137.7M |
| Net Income Common Stockholders | -29.8M | -23.8M | -59.3M | -137.7M |
| Net Income | -29.8M | -23.8M | -59.3M | -137.7M |
| EBITDA | -22.0M | -24.9M | -41.7M | -38.0M |
| Normalized EBITDA | -22.6M | -33.7M | -32.4M | 50.5M |
| Reconciled Depreciation | 10.0M | 15.2M | 9.0M | 11.0M |
| Basic EPS | -0.19 | -0.16 | -0.40 | -0.98 |
| Diluted EPS | -0.19 | -0.16 | -0.40 | -0.98 |
| Basic Average Shares | 157.1M | 152.9M | 146.6M | 140.8M |
| Diluted Average Shares | 157.1M | 152.9M | 146.6M | 140.8M |
| Total Unusual Items | 615,000 | 8.8M | -9.3M | -88.6M |
| Total Unusual Items Excluding Goodwill | 615,000 | 8.8M | -9.3M | -88.6M |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.27 |
| Normalized Income | -30.3M | -30.7M | -52.0M | -73.1M |
| Diluted NI Availto Com Stockholders | -29.8M | -23.8M | -59.3M | -137.7M |
| Impairment Of Capital Assets | 0.00 | 548,000 | 1.8M | 98.0M |
| Net Income Continuous Operations | -29.8M | -23.8M | -59.3M | -137.7M |
| Reconciled Cost Of Revenue | 28.4M | 27.6M | 54.7M | 47.5M |
| Total Expenses | 81.7M | 103.2M | 124.8M | 145.1M |
| Total Operating Income As Reported | -32.0M | -40.6M | -52.5M | -147.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 22.6M | 47.8M | 67.0M | 19.5M |
| Cash Cash Equivalents And Short Term Investments | 22.6M | 47.8M | 67.0M | 19.5M |
| Accounts Receivable | 1.3M | 1.9M | 1.8M | 4.9M |
| Receivables | 1.8M | 2.3M | 2.4M | 17.1M |
| Inventory | 18.9M | 21.5M | 27.0M | 52.1M |
| Prepaid Assets | 2.6M | 4.0M | 4.9M | 7.1M |
| Other Current Assets | 1.0M | 2.5M | 2.5M | -- |
| Current Assets | 47.0M | 78.2M | 103.8M | 95.8M |
| Gross PPE | 66.4M | 65.7M | 64.9M | 70.6M |
| Accumulated Depreciation | -27.2M | -23.6M | -19.0M | -13.8M |
| Net PPE | 39.2M | 42.1M | 45.8M | 56.8M |
| Goodwill | -- | -- | -- | 0.00 |
| Goodwill And Other Intangible Assets | 14.7M | 18.0M | 28.6M | 2.8M |
| Other Intangible Assets | 14.7M | 18.0M | 28.6M | 2.8M |
| Investments And Advances | 10.8M | 11.0M | 0.00 | 13.0M |
| Long Term Equity Investment | 10.8M | 11.0M | 0.00 | 13.0M |
| Other Non Current Assets | 632,000 | 703,000 | 5.8M | 2.1M |
| Total Non Current Assets | 66.5M | 74.4M | 83.9M | 75.7M |
| Total Assets | 113.4M | 152.5M | 187.6M | 171.5M |
| Current Debt And Capital Lease Obligation | 2.1M | 2.3M | 2.3M | 2.1M |
| Accounts Payable | 3.4M | 2.9M | 4.0M | 5.0M |
| Payables | 8.6M | 12.7M | 11.8M | 5.0M |
| Payables And Accrued Expenses | 13.9M | 21.4M | 19.1M | 14.6M |
| Current Accrued Expenses | 5.2M | 8.7M | 7.3M | 9.6M |
| Other Current Liabilities | -- | -- | 445,000 | 3.4M |
| Current Liabilities | 15.9M | 23.6M | 21.4M | 20.2M |
| Long Term Debt | 43.6M | 42.5M | 37.4M | -- |
| Long Term Debt And Capital Lease Obligation | 57.3M | 58.2M | 55.3M | 20.5M |
| Long Term Capital Lease Obligation | 13.7M | 15.7M | 17.9M | 20.5M |
| Other Non Current Liabilities | 1,000 | 1,000 | 13.0M | 397,000 |
| Total Non Current Liabilities Net Minority Interest | 70.4M | 73.3M | 88.7M | 20.9M |
| Total Liabilities Net Minority Interest | 86.4M | 97.0M | 110.1M | 41.1M |
| Common Stock | 0.00 | 0.00 | 1,000 | 1,000 |
| Capital Stock | 0.00 | 0.00 | 1,000 | 1,000 |
| Additional Paid In Capital | 328.7M | 327.3M | 325.4M | 319.1M |
| Retained Earnings | -301.6M | -271.7M | -247.9M | -188.6M |
| Common Stock Equity | 27.1M | 55.6M | 77.5M | 130.4M |
| Stockholders Equity | 27.1M | 55.6M | 77.5M | 130.4M |
| Total Equity Gross Minority Interest | 27.1M | 55.6M | 77.5M | 130.4M |
| Total Capitalization | 70.7M | 98.1M | 114.9M | 130.4M |
| Net Tangible Assets | 12.3M | 37.6M | 48.9M | 127.6M |
| Tangible Book Value | 12.3M | 37.6M | 48.9M | 127.6M |
| Working Capital | 31.0M | 54.5M | 82.3M | 75.6M |
| Invested Capital | 70.7M | 98.1M | 114.9M | 130.4M |
| Total Debt | 59.3M | 60.4M | 57.6M | 22.6M |
| Net Debt | 21.0M | -- | -- | -- |
| Share Issued | 158.0M | 154.3M | 152.1M | 146.5M |
| Ordinary Shares Number | 158.0M | 154.3M | 152.1M | 144.7M |
| Buildings And Improvements | 2.9M | 2.9M | 3.4M | 3.4M |
| Capital Lease Obligations | 15.7M | 17.9M | 20.2M | 22.6M |
| Construction In Progress | 6.4M | 3.9M | 171,000 | 2.6M |
| Current Capital Lease Obligation | 2.1M | 2.3M | 2.3M | 2.1M |
| Derivative Product Liabilities | 1.3M | 3.8M | 13.0M | 12,000 |
| Duefrom Related Parties Non Current | -- | -- | -- | 13.0M |
| Financial Assets | 1.1M | 2.6M | 3.6M | 13.0M |
| Finished Goods | 8.6M | 15.6M | 48.0M | 52.2M |
| Inventories Adjustments Allowances | -1.6M | -3.8M | -32.0M | -15.3M |
| Investments In Other Ventures Under Equity Method | -- | -- | -- | 13.0M |
| Investmentsin Joint Venturesat Cost | -- | 11.0M | 0.00 | -- |
| Leases | 39.8M | 41.5M | 26.9M | 27.2M |
| Machinery Furniture Equipment | 17.4M | 17.4M | 17.8M | 16.8M |
| Non Current Accounts Receivable | -- | -- | -- | 13.0M |
| Non Current Note Receivables | -- | -- | 0.00 | 1.0M |
| Notes Receivable | -- | -- | -- | 495,000 |
| Other Payable | 5.2M | 9.9M | 7.8M | -- |
| Other Properties | 12.9M | 14.6M | 16.5M | 20.7M |
| Other Receivables | 545,000 | 379,000 | 573,000 | 1.4M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 11.9M | 9.7M | 11.0M | 15.2M |
| Taxes Receivable | -- | -- | 0.00 | 10.8M |
| Tradeand Other Payables Non Current | 11.8M | 11.3M | 20.4M | 0.00 |
| Treasury Shares Number | -- | 0.00 | -- | 1.8M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -21.3M | -15.4M | -5.3M | -29.6M |
| Cash Flow From Continuing Operating Activities | -21.3M | -15.4M | -5.3M | -29.6M |
| Depreciation And Amortization | 10.0M | 15.2M | 9.0M | 11.0M |
| Depreciation Amortization Depletion | 10.0M | 15.2M | 9.0M | 11.0M |
| Stock Based Compensation | 1.5M | 2.1M | 3.4M | 5.5M |
| Change In Working Capital | -9.1M | -1.9M | 4.8M | -11.0M |
| Changes In Account Receivables | 361,000 | -809,000 | 2.9M | -948,000 |
| Change In Receivables | 361,000 | 3.5M | 13.7M | -272,000 |
| Change In Inventory | -1.5M | 4.4M | 1.7M | 1.0M |
| Change In Payables And Accrued Expense | -1.7M | 151,000 | -3.6M | -2.9M |
| Change In Payable | -1.7M | 151,000 | -3.6M | -2.9M |
| Change In Other Working Capital | -330,000 | 372,000 | -4.4M | -177,000 |
| Change In Other Current Liabilities | -7.2M | -10.3M | -6.5M | -9.4M |
| Other Non Cash Items | 6.1M | 9.1M | 2.9M | 2.4M |
| Capital Expenditure | -3.9M | -3.7M | -265,000 | -4.9M |
| Purchase Of PPE | -3.9M | -3.7M | -265,000 | -4.9M |
| Net PPE Purchase And Sale | -3.9M | -3.7M | -265,000 | -4.9M |
| Purchase Of Investment | -- | -- | 0.00 | -8.0M |
| Net Investment Purchase And Sale | -- | -- | 0.00 | -8.0M |
| Investing Cash Flow | -3.8M | -3.5M | 395,000 | -11.8M |
| Cash Flow From Continuing Investing Activities | -3.8M | -3.5M | 395,000 | -11.8M |
| Issuance Of Debt | -- | -- | 52.8M | 0.00 |
| Net Issuance Payments Of Debt | -- | -- | 52.8M | 0.00 |
| Issuance Of Capital Stock | -- | -- | -- | 8.3M |
| Repurchase Of Capital Stock | -- | -- | -64,000 | -- |
| Net Common Stock Issuance | -- | -- | -64,000 | 8.3M |
| Common Stock Payments | -- | -- | -64,000 | -- |
| Financing Cash Flow | -145,000 | -251,000 | 52.4M | 8.0M |
| Cash Flow From Continuing Financing Activities | -145,000 | -251,000 | 52.4M | 8.0M |
| Changes In Cash | -25.2M | -19.1M | 47.5M | -33.3M |
| Beginning Cash Position | 47.8M | 67.0M | 19.5M | 52.8M |
| End Cash Position | 22.6M | 47.8M | 67.0M | 19.5M |
| Free Cash Flow | -25.1M | -19.1M | -5.6M | -34.5M |
| Asset Impairment Charge | 0.00 | 548,000 | 1.8M | 98.0M |
| Change In Account Payable | -1.7M | 151,000 | -3.6M | -2.9M |
| Change In Prepaid Assets | 1.3M | 85,000 | 3.8M | 694,000 |
| Common Stock Issuance | -- | -- | -- | 8.3M |
| Earnings Losses From Equity Investments | 0.00 | -10.7M | 0.00 | -- |
| Gain Loss On Investment Securities | -- | -- | -- | -9.3M |
| Long Term Debt Issuance | -- | -- | 52.8M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -3.6M | 1.1M | -- | -- |
| Net Income From Continuing Operations | -29.8M | -23.8M | -59.3M | -137.7M |
| Net Long Term Debt Issuance | -- | -- | 52.8M | 0.00 |
| Net Other Financing Charges | -145,000 | -251,000 | 52.4M | -248,000 |
| Net Other Investing Changes | 55,000 | 185,000 | 660,000 | 1.1M |
| Operating Gains Losses | -3.6M | -9.6M | -184,000 | 390,000 |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | 30,000 |
| Provisionand Write Offof Assets | 4.3M | 2.3M | 24.6M | 11.2M |
| Unrealized Gain Loss On Investment Securities | -615,000 | -9.3M | 7.5M | -9.3M |