Charlotte's Web™ Unveiling Brightside™ Precision-Formulated Approach to Hemp-Derived THC at Benzinga Conference
LOUISVILLE, Colo., May 27, 2025 /CNW/ - (TSX: CWEB) (OTCQX: CWBHF), From a legacy leader in hemp wellness, Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") is thrilled to introduce Brightside™—a new line of low-dose THC gummies created to elevate your daily rituals. Designed for relaxation, focus, and recovery, Brightside by Charlotte's Web is built on a foundation of trust, quality, and purpose synonymous with the brand. Powered by cGMP excellence and B-Corp values, this isn't just a product launch—it's a movement toward mindful, empowered THC wellness.
Brightside speaks to the health-conscious consumer—those curious about THC or seeking a more measured, intentional experience. Powered by TiME INFUSION® rapid onset technology, effects begin in just 5–15 minutes—significantly faster than traditional edibles. Each gummy features a micro-dose of hemp-based THC, paired with a purposeful blend of CBD, CBC, and CBG for a balanced, elevated experience.
The initial launch gummies will include:
Rest & Relax: Your hangover-proof way to unwind and vibe. A microdose of THC + CBD melts away tension so you can enjoy the moment—no stress, no regrets.
Focus & Flow: In just five minutes, one gummy flips the switch to full-focus mode—no lag, no distractions. With THC, CBD, and CBG, it sharpens your mind so you can power through anything from chores to creative bursts.
Relieve & Ease: Snap, crackle, pop? Not anymore - this fast-acting gummy soothes soreness and mystery aches. Packed with CBD, THC, CBC, and CBG, it helps ease tension and gets you back to doing what you love.
"Brightside is for anyone who's ever wondered if hemp THC could fit into their wellness routine—but didn't know where to start. Brightside represents our strategic response to growing consumer demand for precision wellness solutions that integrate THC," said Bill Morachnick, CEO of Charlotte's Web. "We've leveraged advanced delivery technology and thoughtful formulations to create a product that's not only fast-acting and consistent, but also rooted in our commitment to safety, transparency, and evidence-based wellness. It's a smarter way to explore THC—designed for those who want to feel better with controlled experiences."
The launch of Brightside comes at a pivotal moment for the hemp industry as consumer demand for low-dose THC edibles continues to surge. This momentum aligns with Mr. Morachnick's participation in the upcoming panel at the Benzinga Cannabis Capital Conference on June 10th, titled "The Hemp Industry Divide: Quick Cash vs. Sustainable Growth." The panel will explore the critical choices facing brands and investors as the market matures, highlighting the importance of innovation grounded in trust, science, and long-term vision—principles that are core to the Brightside launch.
To learn more about the Benzinga conference or to attend the panel in person, please visit the Benzinga Cannabis Capital Conference website.
To learn more about Brightside, please visit www.charlottesweb.com/brightside.
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About Brightside Hemp-Derived THC Gummies
Brightside is a new line of fast-acting hemp-derived THC gummies from Charlotte's Web, designed to elevate your wellness journey with precision and care. Featuring three unique formulations—Relieve & Ease, Rest & Relax, and Focus & Flow—Brightside gummies combine micro- to moderate doses of THC with synergistic cannabinoids, offering targeted benefits in just 5-15 minutes. Brightside embodies a commitment to innovation and wellness, empowering individuals to enhance their daily experiences with curated cannabinoid formulations. Crafted for both the THC-curious and seasoned users, these gummies are made with US-grown hemp and are compliant with the 2018 Farm Bill. All products are marketed as dietary supplements and are not intended for sale to persons under the age of 21.
About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc., a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte's Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company's hemp extracts have naturally occurring botanical compounds including cannabidiol ("CBD"), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte's Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs. Through its substantially vertically integrated business model, Charlotte's Web maintains stringent control over product quality and consistency with analytic testing from soil to shelf for quality assurance. Charlotte's Web products are distributed to retailers and healthcare practitioners throughout the U.S.A. and are available online through the Company's website at www.charlottesweb.com.
Forward-Looking Information
Certain information provided herein constitutes forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are typically identified by words such as "may", "will", "should", "could", "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "target", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements are not guarantees of future performance, and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties, and other factors which may cause actual results, levels of activity, and achievements to differ materially from those expressed or implied by such statements. The forward-looking statements contained in this press release are based on certain assumptions and analysis by management of the Company in light of its experience and perception of historical trends, current conditions, expected future development, and other factors that it believes are appropriate and reasonable.
The material factors and assumptions used to develop the forward-looking statements herein include, but are not limited to: regulatory regime changes; anticipated product development and sales; the success of sales and marketing activities; product development and production expectations; outcomes from R&D activities; the Company's ability to deal with adverse growing conditions in a timely and cost-effective manner; the availability of qualified and cost-effective human resources; compliance with contractual and regulatory obligations and requirements; availability of adequate liquidity and capital to support operations and business plans; and expectations around consumer product demand. In addition, the forward-looking statements are subject to risks and uncertainties pertaining to, among other things: supply and distribution chains; the market for the Company's products; revenue fluctuations; regulatory changes; loss of customers and retail partners; retention and availability of talent; competing products; share price volatility; loss of proprietary information; product acceptance; internet and system infrastructure functionality; information technology security; available capital to fund operations and business plans; crop risk; economic and political considerations; and including but not limited to those risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ending December 31, 2024, and other risk factors contained in other filings with the Securities and Exchange Commission available on www.sec.gov and filings with Canadian securities regulatory authorities available at www.sedarplus.ca. The impact of any one risk, uncertainty, or factor on a particular forward-looking statement is not determinable with certainty, as these are interdependent, and the Company's future course of action depends on management's assessment of all information available at the relevant time.
Any forward-looking statement in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable law, the Company assumes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. All forward-looking statements, whether written or oral, attributable to the Company or persons acting on the Company's behalf, are expressly qualified in their entirety by these cautionary statements.
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CONSOLIDATED FINANCIAL HIGHLIGHTS Aimia 3-Months Ended June 30 6-Months Ended June 30 (in $millions except for margin and per share data) 2025 2024 Change 2025 2024 Change Revenue 128.7 122.4 5.1 % 258.5 244.5 5.7 % Gross Profit 34.9 31.5 10.8 % 70.5 65.8 7.1 % Gross Margin 27.1 % 25.7 % 1.4 pp 27.3 % 26.9 % 0.4 pp Selling, general and administrative expenses (25.9) (38.5) 32.7 % (51.4) (73.5) 30.1 % Operating Income (loss) 9.0 (7.0) NM 19.1 (7.7) NM Adjusted EBITDA1 19.7 12.3 60.2 % 39.4 19.0 107.4 % Net earnings (loss) (6.1) (5.6) (8.9) % (5.7) (10.1) 43.6 % Earnings (loss) per share (0.08) (0.10) 20.0 % 0.48 (0.19) NM _____________________________ 1 Adjusted EBITDA is a non-GAAP measure. This press release should be read in conjunction with Aimia's consolidated financial statements and management discussions and analysis (MD&A) for the three and six-month periods ended June 30, 2025, which can be accessed from SEDAR+ and Balance Sheet and Liquidity As at June 30, 2025, Aimia had $70.5 million in cash and cash equivalents. As at March 31, 2025, Aimia had $94.7 million of cash and cash equivalents. The quarter over quarter decline in Aimia's liquidity was attributable to a number of developments in Q2 2025. The most notable being $9.4 million of senior debt principal repayments made by Bozzetto, of which $6.3 million were voluntary, $8.2 million of payments for the buyback of common shares through the Corporation's normal course issuer bid, $6.4 million of interest payments related to the 2030 Notes, $5.2 million of Bozzetto interest payments on its credit facilities, and $3.7 million of investments in property, plant and equipment. 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Bozzetto Aimia owns a 94.1% equity stake in Bozzetto, one of the world's leading providers of sustainable specialty chemicals with applications mainly in the textile, home and personal care, geothermal, construction, and agrochemical markets. Bozzetto's management team owns the remaining 5.9%. Subsequent to June 30, 2025, the Corporation repurchased 0.084% of equity from a member of Bozzetto's management team, increasing Aimia's total equity stake to 94.18%. 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The variance is due to lower volume sold by Bozzetto's Textile Solutions sector as a result of weaker demand caused by the uncertainty of U.S. tariffs. The decline was partially offset by improved pricing and product mix for Bozzetto's Dispersion Solutions sector, which primarily serves plasterboard, agrochemical, and concrete markets outside of the U.S. Adjusted EBITDA for Q2 2025 was $16.9 million, which represents a margin of 18.6%. These compare to $15.1 million and 17.3%, respectively, for Q2 2024. The year-over-year improvements were principally driven by a favourable currency impact of $1 million. On a constant currency basis, the growth was due to lower SG&A expenses of $0.9 million, offset by lower gross profit of $0.5 million. Bozzetto generated earnings before taxes in Q2 2025 of $7.4 million, up from a loss of $0.3 million in Q2 2024. The turnaround reflects the reduction in SG&A expenses and Bozzetto management's adaptability in the face of macroeconomic and geopolitical challenges. Cortland International Aimia owns a 100% equity stake in Cortland International, the rebranded combination of Tufropes and Cortland Industrial, a global leader in the manufacturing of high-performance synthetic fiber ropes and netting solutions for maritime and other industrial customers. Cortland International 3-Months ended June 30 6-Months ended June 30 (in millions of dollars except for margin data) 2025 2024 Change 2025 2024 Change Revenue 37.8 35.0 8.0 % 78.5 69.0 13.8 % Gross Profit 8.6 6.9 24.6 % 18.1 14.7 23.1 % Gross Margin 22.8 % 19.7 % 3.1 pp 23.1 % 21.3 % 1.8 pp Selling, general and administrative expenses (7.9) (9.6) 17.7 % (16.0) (16.6) 3.6 % Operating Income (loss) 0.7 (2.7) 125.9 % 2.1 (1.9) 210.5 % Earnings (loss) before taxes (1.7) (1.5) (13.3) % (2.7) (3.0) 10.0 % Adjusted EBITDA3 4.9 3.6 36.1 % 10.3 7.6 35.5 % Adjusted EBITDA Margin 13.0 % 10.3 % 2.7 pp 13.1 % 11.0 % 2.1 pp ______________________________ 3 Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. Cortland generated revenue of $37.8 million for Q2 2025, up 8.0% from $35 million generated in Q2 2024. On a constant currency basis, Cortland's revenue grew $2.4 million or 6.9%. Cortland's performance in Q2 2025 was largely driven by improved market conditions and improved product mix, including higher volumes of high-performance rope sales, despite some prevailing headwinds in the market due to uncertainties related to U.S. tariffs. Adjusted EBITDA for Q2 2025 was $4.9 million, representing a margin of 13.0%. These compare to $3.6 million and 10.3%, respectively, for Q2 2024. The year-over-year improvements were largely driven by higher gross profit. In Q2 2024, Cortland incurred $1.2 million of professional and advisory fees related to business transformation and operational improvement initiatives aimed at building Cortland's market share, strengthening its sales force, and launching new products. Excluding these fees from the prior period, Adjusted EBITDA would be broadly in line with last year. Holdings Segment The Holdings Segment includes Aimia's investments in Clear Media Limited and Kognitiv as well as minority investments in public company securities and limited partnerships. The results of the Holdings Segment include corporate operating costs, including costs related to public company disclosure and board, executive leadership, legal, finance and administration. Holdings 3-months ended June 30 6-months ended June 30 (in millions of dollars) 2025 2024 Change 2025 2024 Change Selling, general and administrative expenses (2.5) (8.0) 68.8 % (5.9) (18.9) 68.8 % Earnings (loss) before taxes (9.4) (1.0) NM (13.0) (6.8) (91.2) % Adjusted EBITDA4 (2.1) (6.4) 67.2 % (4.8) (19.2) 75.0 % _____________________________ 4 Adjusted EBITDA is a non-GAAP measure. SG&A expenses for the Holdings segment in Q2 2025 were $2.5 million, down from $8.0 million incurred in Q2 2024. In Q2 2024 Aimia incurred $2.9 million of shareholder activism expenses and $0.8 million of expenses related to the termination of the Paladin agreements. SG&A expenses for the six-months ended June 30, 2024 also included $1.6 million in termination expenses related to the departure of Aimia's former CEO and its former President. Adjusted EBITDA in Q2 2025 improved by $4.3 million due to absence of activism expenses of $2.9 million incurred in the prior period and a $1.4 million reduction in professional advisory fees and compensation and benefit expenses. Aimia anticipates that costs at the Holdings Segment in 2025 will be $9 million. Outlook and Guidance Aimia's performance through the mid-point of the year tracks favourably against its targets announced for 2025. As a result, the Company has re-iterated its guidance for Adjusted EBITDA for its core holdings on a combined basis for 2025, albeit at the lower end of the range. Through June 30, 2025, Aimia's core holdings generated $44.2 million on a combined basis. Aimia will continue to closely monitor global trade developments and their impact on the performance of its core holdings. In light of the Company's progress at reducing HoldCo costs, Aimia has lowered its guidance for Holding Company costs for 2025 from below $11 million to $9 million. Through June 30, 2025 Holding Company costs were $4.5 million, net of one-time related professional fees associated with the settlement of the tax audit. The guidance is exclusive of one-time costs. (in millions of dollars) Previous Guidance for 2025 Year to Date Results New Guidancefor 2025 Adjusted EBITDA at Bozzetto and Cortland on a Combined Basis5 $88 - $95 $44.2 $88 - $95 Holding Company Costs6 Below $11 $4.5 $9.0 ______________________________ 5 Adjusted EBITDA is a non-GAAP measure. 6 Holding Company costs are a non-GAAP measure. Quarterly Conference Call and Audio Webcast Information Aimia will host a conference call to discuss its second quarter 2025 financial results at 8:30 am ET on August 14. The call will be webcast at the following URL link Interested parties can listen to conference call by dialing 1 888 699 1199 or 1 416 945 7677 (internationally). A slide presentation intended for simultaneous viewing with the conference call and an archived audio webcast will be available for 90 days following the original broadcast available at: About Aimia Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit Non-GAAP Financial Measures and Reconciliation to Comparable GAAP Measures "GAAP" means Canadian Generally Accepted Accounting Principles (which are in accordance with the International Financial Reporting Standards). Adjusted EBITDA Adjusted EBITDA is not a measurement based on GAAP, is not considered an alternative to net earnings in measuring profitability, does not have a standardized meaning and is not directly comparable to similar measures used by other issuers. Adjusted EBITDA should not be used as an exclusive measure of cash flow because it does not account for the impact of working capital growth, capital expenditures, debt repayments and other sources and uses of cash, which are disclosed in the statements of cash flows. A reconciliation to operating income (loss) is provided. Adjusted EBITDA is used by management to evaluate the performance of its Bozzetto, Cortland International and Holdings segments. Management believes Adjusted EBITDA assists investors in comparing Aimia's performance on a consistent basis excluding depreciation and amortization, impairment charges related to non-financial assets and share-based compensation, which are non-cash in nature and can vary significantly depending on accounting methods as well as non-operating factors such as historical cost. Aimia's management believes that the exclusion of business acquisition and/or disposal related expenses assists investors by excluding expenses that are not representative of the run-rate cost structure of its operations. Adjusted EBITDA is operating income (loss) adjusted to exclude depreciation, amortization, impairment charges related to non-financial assets, cost of sales expense related to inventory fair value step up resulting from purchase price allocation, share-based compensation, expenses related to Cortland International's long-term management incentive plan, gain/loss from the disposal of manufacturing property and land, costs related to the termination of the Paladin agreements, as well as transaction costs related to business acquisitions. For a reconciliation of Adjusted EBITDA to operating income (loss), please refer to the tables below. Bozzetto Three Months Ended June 30, Six Months Ended June 30, (in millions of Canadian dollars) 2025 2024 2025 2024 Reconciliation of Adjusted EBITDAOperating income (loss) 10.83.722.913.1 Depreciation and amortization 6.15.612.111.0 Cost of sales expense related to inventory fair value step up resulting from purchase price allocation —0.7—0.7 Cost related to the termination of Paladin agreements —4.9—4.9 Transaction related (income) costs —0.2(1.1)0.9 Adjusted EBITDA 16.915.133.930.6 Adjusted EBITDA margin 18.6 %17.3 %18.8 %17.4 % Cortland International Three Months Ended June 30, Six Months Ended June 30, (in millions of Canadian dollars) 2025 2024 2025 2024 Reconciliation of Adjusted EBITDA Operating income (loss) 0.7(2.7)2.1(1.9)Depreciation and amortization 3.12.96.15.9Cost related to the termination of Paladin agreements —1.5—1.5Long-term management incentive plan 1.1—2.1—Transaction and transition related costs —1.9—2.1 Adjusted EBITDA 4.93.610.37.6Adjusted EBITDA margin 13.0 %10.3 %13.1 %11.0 % Holdings Three Months Ended June 30, Six Months Ended June 30, (in millions of Canadian dollars) 2025 2024 2025 2024 Reconciliation of Adjusted EBITDA Operating income (loss) (2.5)(8.0)(5.9)(18.9)Share-based compensation expense (reversal) 0.40.81.1(1.1)Costs related to the termination of Paladin agreements —0.8—0.8Adjusted EBITDA (2.1)(6.4)(4.8)(19.2)For a reconciliation of Holdco costs to the Holdings segment's Selling, general and administrative expenses, please refer to the table below. Holdings Three Months Ended June 30, Six Months Ended June 30, (in millions of Canadian dollars) 2025 2025 Selling, general and administrative expenses (2.5)(5.9)Share-based compensation expense (reversal) 0.41.1Legal fees incurred in relation with CRA settlement 0.10.3Holdco Costs (2.0)(4.5)Forward-Looking Statements This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-ling statements"), which are based upon Aimia's current expectations, estimates, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. Forward-looking statements are typically identified by the use of terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would" and "should", and similar terms and phrases, including references to assumptions. Forward-looking statements in this press release include, but are not limited to, Aimia's future growth and value creation; Aimia's reduction in holding company costs; monetization of Aimia's core or non-core assets; Aimia's possibility to make controlling stake investments and the use of Aimia's tax loss carry forwards; the duration of the transition period; Aimia's increased disclosure on net asset value; the impact of tariffs on Aimia's outlook and guidance; Aimia's refund of $27 million by the Canada Revenue Agency pending final processing of the settlement agreement and Aimia's guidance for 2025; and Aimia's refund from Revenu Québec. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to the Company can be found in Aimia's current Management's Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR+ and can be accessed at Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aimia disclaims any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Aimia Inc. 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