Company Matches. Following the close, Yahoo pulled in 23 cents a share on $1.07 billion in sales for the first quarter. You can sign up for additional alert options at any time. "Thursday's going to be the key [with] the debt auction in Spain and how things will progress," Huber said. Charlotte's Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-derived cannabidiol ("CBD") wellness products. For further information The company said sales of over-the-counter medicines were significantly impacted by the suspension of manufacturing at the McNeil Consumer Healthcare facility in Fort Washington, Pa. U.S. Bancorp (USB, Fortune 500) shares edged higher after the financial firm reported earnings and revenue that beat expectations. Both the Tylenol Cold and Children's Benadryl recalls were caused in part by that initial recall, which ultimately shut down the facility and has forced Johnson & Johnson to review the labeling on all of its products. While the company's profit margins continued to decline due to higher costs, Coca-Cola said it is managing by taking a number of steps, including raising prices. Shares of Yahoo (YHOO, Fortune 500) rose 3% in after-hours trading. The Shanghai Composite (SHCOMP) fell 0.9%, while the Hang Seng (HSI) in Hong Kong shed 0.2% and Japan's Nikkei (N225) ended slightly lower. Ms. Elsner, who took over as CEO of the Company in April, previously served as President of Kellogg's U.S. Snacks division. Click the chart for more stock market data. Chesapeake Energy (CHK, Fortune 500) announced Monday that its oil field services unit will go public as a separate company. 37 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. All Rights Reserved.Terms Disclaimer. The recall is considered a wholesale and retail level recall, as adverse side effects have not been reported. Johnson & Johnson Merck Joint Venture. Activist investor taps former fashion CEO for possible nomination to Bloomin' Brands board. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Market indices are shown in … By providing your email address below, you are providing consent to Charlotte's Web to send you the requested Investor Email Alert updates. On Monday, Spanish bond yields rose above 6% -- the highest level in several months, but they eased to 5.89% on Tuesday. under which this service is provided to you. That means people can continue to the use the products, but should be aware of the labels' omission. Johnson & Johnson (JNJ, Fortune 500) beat earnings expectations for the first quarter, but U.S. revenue declined more than 5%, sending shares lower. At McNeil, a Johnson & Johnson company, he was responsible for the entire analgesics brand portfolio, including Tylenol, Motrin, and Children's, for Wal-Mart, the Company's largest domestic customer. As at June 17, 2019 Charlotte's Web had 43,156,479 Common Shares outstanding and 135,506.32 Proportionate Voting Shares convertible at 400:1, for an effective equivalent of 97,359,007 Common Shares outstanding. The company said sales of over-the-counter medicines were significantly impacted by the suspension of manufacturing at the McNeil Consumer Healthcare facility in Fort Washington, Pa. Coca-Cola (COKE) shares rose after the company said its first-quarter earnings increased almost 8%. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Despite its recent pullback, Apple remains one of the top-performing stocks this year, up more than 40% year-to-date. The specific products affected by the recall, sold only in the U.S., include: Tylenol Cold Multi-Symptom Daytime 8-ounce Citrus Burst with NDC code number 50580-257-08; Tylenol Cold Multi-Symptom Severe 8-ounce Cool Burst Liquid with NDC code number 50580-351-08 and Tylenol Cold Multi-Symptom Nighttime 8-ounce Cool Burst Liquid with NDC code number 50580-269-08. Recall-related investigations of Tylenol, Motrin, Zyrtec and other products by Johnson & Johnson’s (Stock Quote: JNJ) McNeil Consumer Healthcare arm … The tech giant reported a profit of $3.1 billion, an increase of 7% versus last year, with earnings per share coming in at $2.78, above estimates of $2.65. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Charlotte's Web Names Former Pharmavite Executive Tony True as Chief Customer Officer, http://www.prnewswire.com/news-releases/charlottes-web-names-former-pharmavite-executive-tony-true-as-chief-customer-officer-300885575.html. This product is not intended to diagnose, treat, cure or prevent any disease. Shares of Intel (INTC, Fortune 500) dipped in after-hours trading. Its common stock is a component of the Dow Jones Industrial Average and the company is ranked No. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. USA: (720) 484-8930, 1600 Pearl St., Suite 300, Boulder, Colorado 80302. J&J is one of the world's most valuable companies. True managed the Direct Store Delivery team and the Snacks Business Unit for the Western Region of the United States. as a Consumer-Packaged Goods Brand. Those with questions or concerns should call McNeil's Consumer Care Center at 1-888-222-6036 (available Monday-Friday from 8 a.m. to 8 p.m. and Saturday–Sunday from 9 a.m. – 5 p.m. Eastern Time.). As the industry's leading brand, we will benefit greatly from his sales leadership experience at world-class CPG and healthcare brands.". Most stock quote data provided by BATS. © 2020 TheStreet, Inc. All rights reserved. Shares of Charlotte's Web trade on the Toronto Stock Exchange (TSX) under the symbol "CWEB" and are quoted in U.S. U.S. stocks closed mixed Monday, with blue chips gaining and tech shares falling. The rate the Company pays for agricultural products reflects a fair and sustainable rate driving higher quality yield, encouraging good farming practices, and supporting U.S. farming communities. Charlotte's Web hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online through the Company's website at www.CharlottesWeb.com. "Tony's three decades of sales leadership at both consumer product goods and healthcare companies is a valuable combination to support the Company's next phase of growth," said Deanie Elsner, CEO of Charlotte's Web. Britain's FTSE 100 (UKX) added 1.8%, the DAX (DAX) in Germany rose 2.7% and France's CAC 40 (CAC40) climbed 2.7%. True brings nearly 30 years of sales leadership experience at top healthcare and consumer packaged goods (CPG) companies, including Kellogg Company, Pepsi Beverages Company, and McNeil Consumer Healthcare. There can be no assurance that such estimates and assumptions will prove to be correct. All rights reserved. Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX:CWEB, OTCQX:CWBHF), the market leader in hemp CBD extract products , is pleased to announce that Tony True has joined the Company in the newly formed role of Chief Customer Officer. World markets: European stocks closed with solid gains. It also pulled Tylenol caplets in late October after consumers reported getting sick from moldy medicine. ", Charlotte's Web Chairman and co-founder Joel Stanley stated, "We're very excited to have Tony join our Company. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the public documents of the Company available at www.sedar.com. At Charlotte's Web, we promise to treat your data with respect and will not share your information with any third party. It has contributed more than 15% to the S&P 500's gains this year, according to Standard and Poor's. The medications were recalled after the Food and Drug Administration found the company’s Fort Washington, Pa.facility was contaminated with bacteria. Charlotte's Web product categories include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals, as well as CBD pet products. Privacy Policy. Mr. assumes Morningstar, Inc. All Rights Reserved. True brings nearly 30 years of sales leadership experience at top healthcare and consumer packaged goods (CPG) companies, including Kellogg Company, Pepsi Beverages Company, and McNeil Consumer Healthcare. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. You must click the activation link in order to complete your subscription. § This product is tested by high performance liquid chromatography to ensure it contains no more than 13 parts per million tetrahydrocannabinol (THC).
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