Stanley Brothers Holdings CBD Company Charlottes Web's Parent Company to Go Public in Canada | CashCropToday
0 Shares 1174 Views

Stanley Brothers Holdings CBD Company Charlottes Web’s Parent Company to Go Public in Canada

June 26, 2018
1174 Views

The trend of United States based companies going public in Canada continues. Stanley Brothers Holdings, the parent of the well known CBD product brand Charlotte’s Web, is planning to take their company public in Canada soon. The Company has filed a preliminary prospectus for an IPO which is being led by underwriter Canaccord Genuity. Stanley Brother Holdings plans to be listed on the Canadian Securities Exchange (CSE).

In 2017, Charlotte’s Web posted sales of US$40 million and in  Q1 of 2018 the company has generated sales of US$13.1 million, which is one of the highest sales involved in the sector. Stanley Brothers Holdings plans to use the money raised during the initial
public to expand the company’s manufacturing
capacity, expand cultivation infrastructure,
R&D of new branded products and for general working capital.

Charlotte’s Webs popularity has risen over the course of the past few years due to the unbelievable story of 2 year old Charlotte Fig and Stanley Brothers Holdings CBD oil helping to cure her of uncontrollable seizures. Their non-psychoactive CBD products are derived from the industrial hemp plant and are being offered in a number of different concentrations.

You may be interested

KushCo Holdings Announces 2018 Revenue of $51M
Manufacturing
12 views
Manufacturing
12 views

KushCo Holdings Announces 2018 Revenue of $51M

Editor - September 18, 2018

KushCo Holdings, Inc. (OTCQB: KSHB) reported this morning that the company has been able to generate a total $51 million dollars in revenue for the year of 2018,…

CashCropToday | Joint Venture Interviews Justin Braune Part 1
CCT Streaming Shows
43 views
CCT Streaming Shows
43 views

CashCropToday | Joint Venture Interviews Justin Braune Part 1

Ricky M - September 18, 2018

In this episode of Joint Venture, Michael Parker sits down with Justin Braine, Blunt Capital Co. Advisor, to discuss bridging the gap between Cannabis & Hemp Entrepreneurs…

CannTrust Completes First Shipment of Cannabis Oil to Denmark Partner STENOCARE
Global
10 views
Global
10 views

CannTrust Completes First Shipment of Cannabis Oil to Denmark Partner STENOCARE

Editor - September 18, 2018

CannTrust Holdings Inc. (TSX :TRST ) announced this morning that the company has completed its first international shipment of cannabis oils based products to STENOCARE, a Danish company…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: