Charlotte's Web Falls on Q2 Misses

Charlotte's Web Falls on Q2 Misses

The company -- which is considered a marijuana stock, although its products are made from hemp-derived cannabidiol (CBD) -- released disappointing results for the second quarter of fiscal 2020. For the quarter, Charlotte's Web booked consolidated revenue of $21.6 million, which only slightly exceeded the Q1 tally of $21.5 million, and was down by 13% on a year-over-year basis.