Charlotte’s Web Reports $18.8M Q4 Loss, Executives Discuss Challenges and The Future

Posted On March 27, 2020

Hammer says: DTC is a critical channel for us for two reasons; it is the single largest channel today in the CBD category, and it will remain the single largest channel in the CBD category, growing to $8.8 billion by 2025.
The company is keeping its cultivation operations open but is asking that all employees who can work remotely do so, said Canopy’s VP of Communications Jordan Sinclair in a March 24 email to CBT .
Amid a reported surge in demand, Aurora Cannabis’ production facilities remain fully operational and have not experienced any disruptions to regular operations, including [to the] existing supply chain, said Michelle Lefler, Aurora’s VP of Communications in a March 20 email to CBT .
Dan Sutton, CEO of Tantalus Labs, another LP, has been in correspondence with both the Business Development Bank of Canada (BDC), a government-owned development bank, and Farm Credit Canada (FCC), the country’s largest agricultural term lender.
In addition, starting on March 31, The Green Solution dispensary will serve only medical patients and customers 50 years or older during the first hour of operations.
Like Aloha Green Apothecary, CannaCraft’s team already procures ethanol that they use for product manufacturing at their 40,000-square-foot facility.