Charlotte's Web Holdings Inc Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Jenny Wang - Eight Capital, Research Division - Analyst : Just a first question for me. On the DTC channel, I know that your e-commerce channel is a lot stronger than your peers. Are you seeing any -- I know you've mentioned that there's no contraction in sales, but are you seeing any uptick in sales with the current COVID environment where a lot of consumers are ordering online versus traditional brick and mortar?

Question: Jenny Wang - Eight Capital, Research Division - Analyst : That's very interesting. And maybe just moving on to your sales guidance for the year. What percentage of sales are you modeling in? Or maybe is it kind of greater than kind of the current 66% for your DTC channel for the remainder of 2020? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. MAY 14, 2020 / 12:30PM, CWEB.TO - Q1 2020 Charlotte's Web Holdings Inc Earnings Call

Question: Jenny Wang - Eight Capital, Research Division - Analyst : Okay. That's helpful. And then maybe on the marketing spend, could you give us a ranking of kind of which sales channels the majority of the marketing and promo expenses gone towards this quarter just in terms of your 3 sales channels?

Question: Jenny Wang - Eight Capital, Research Division - Analyst : Okay. That's helpful. And one last one for me. You've mentioned the Abacus shareholder vote as kind of the last hurdle for this transaction to close. Can I interpret that as you won't need to file for HSR to close this transaction?