In the last quarter, because of not having labor, we lost multiple sales on pre-rolls. Some of the control boards took down their inventories because concerns of COVID, and that’s already gone through our numbers. And there’s lots of things that reflected our numbers because of COVID.
You’re also going to see us focusing on hemp and taking a big position in the whole hemp market. I think we’ve done a great job in regards to improving the hemp quality and the taste of hemp. No, you went exactly where I was going to go, which is there’s so much runway on the illicit market. So, certainly, we see the opportunity for growth in the next two quarters, notwithstanding some of the issues there. But we’re building up capacity on pre-rolls, we’re building up capacity on flower, we’re building out our innovation pipeline over the next 12 to 24 months to have more robust launches into the marketplace.
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However, not everything from the time of Covid-19 is here to stay. Some trends born or supercharged by this extraordinary CBD Bath event will inevitably fade with the virus itself. Alcohol trends have shifted significantly in the past two years.
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CBD oils are non-intoxicating extracts of the plat and have a lot of healing effects on the human mind or body. As with other launches during the COVID-19 pandemic, the sales team’s access to oncologists and their staff has been limited which the Company believes has potentially slowed the launch trajectory. This headwind continued in the fourth quarter of 2021 with the emergence of the Delta and Omicron COVID-19 variants. Despite these access challenges, AVEO expects to have continued quarter over quarter net revenue and underlying prescription demand growth in the fourth quarter of 2021.
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So, we built it early and now that we have it, we are delighted with it. But what I am really looking at as well is gross margin dollars, right. And that’s where the volume shift to gummies and to lowest-priced products, we are seeing a lift in volume. And that’s something we expect to see going forward as well. I think most importantly, we remain optimistic that we can continue to take share and maintain our leadership and market leadership growing consumer interest in alternative forms like gummies where we are growing rapidly, by the way.
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On the one hand, the consensus view entering 2022 was for the global economic recovery to accelerate through this year. That naturally prompted plenty of strategists to pluck their top stock picks from cyclical sectors and recovery-sensitive industries. Enter your email below to get delicious recipes, promotions, and product updates delivered right to your inbox.
On the opportunity for consumption, we are seeing increases on that side. So, I’d say the COVID is nothing unexpected to what we’ve seen so far. Just in terms of your question in terms of run rate for Europe, so we are looking at a 37% run rate for the rest of the year. Now, just as a note of – like, sort of caution, in our numbers are oftentimes shipments into other countries. And as you know, with regulatory framework, the timing of that doesn’t always work out the way we want to with import and export permits.
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I will speak more of these following Wes’ review of our Q4 and full year 2021 financial results. Thank you for joining us for the 2021 fourth quarter delta 10 thc vs delta 9 and year-end earnings conference call for Charlotte’s Web Holdings. Leading the call this morning is Charlotte’s Web’s CEO, Jacques Tortoroli.