Charlottes web holdings
On the one hand, it isn't surprising that Charlotte's Web has been performing so poorly. Industrywide issues, such as poor financial results and the disappointing retail environment in Canada, have dragged pot companies down of late. Charlotte's Web is currently hovering near its all-time lows, and there are several reasons why investors should consider buying shares of this company. Charlotte's Web develops and markets hemp-based cannabidiol CBD products. The company's portfolio of products includes capsules and gummies, among others. The CBD market will likely grow at a nice clip in the next few years, and to take advantage of this opportunity, Charlotte's Web has managed to build a retail presence that is wider than that of most of its competitors.
Charlotte's Web Holdings Inc
On the one hand, it isn't surprising that Charlotte's Web has been performing so poorly. Industrywide issues, such as poor financial results and the disappointing retail environment in Canada, have dragged pot companies down of late. Charlotte's Web is currently hovering near its all-time lows, and there are several reasons why investors should consider buying shares of this company. Charlotte's Web develops and markets hemp-based cannabidiol CBD products.
The company's portfolio of products includes capsules and gummies, among others. The CBD market will likely grow at a nice clip in the next few years, and to take advantage of this opportunity, Charlotte's Web has managed to build a retail presence that is wider than that of most of its competitors.
At the end of the third quarter, the company's products were found in almost 10, stores across the U. At the end of , Charlotte's Web products were sold in 3, stores.
In other words, the company has been growing its industry-leading retail presence, and there's no reason to expect that trend to stop anytime soon. Along with its retail presence, Charlotte's Web has been growing its production capacity. During the calendar year , the company planted acres of hemp. Furthermore, Charlotte's Web is currently building a ,square-foot production facility in Colorado.
The company's current facility is only 40, square feet, so the new facility will represent a significant improvement over the old one. This facility should be operational by the end of and will multiply Charlotte's Web's current production capabilities by Management says the new facility will help it operate more efficiently, as well as decrease costs, thereby having a positive effect on its bottom line.
This new facility is a central part of Charlotte's Web's vision moving forward. As COO Stephen Lermer put it, "This is a time of rapid growth and transformation for Charlotte's Web and these new facilities are necessary to support the production, warehousing and distribution of our growing product lines and volumes. Perhaps the biggest knock against Charlotte's Web is the U. Last year, the health industry administrator sent out a press release warning consumers about the potential dangers of CBD.
The FDA also warned that the claims regarding the potential health benefits of CBD -- such as claims that it can cure some forms of cancer -- are unproven. The agency has yet to deliver "clear regulatory direction" in the CBD market, and the delay is hindering Charlotte's Web's progress.
Fortunately, the company seems well-positioned to deal with both of these issues. First, Charlotte's Web is in good standing with the FDA, meaning it isn't one of the companies that received a warning letter for making unsubstantiated claims about its CBD products.
Second, once the FDA finally issues regulatory direction in the CBD space, Charlotte's Web believes the CBD market will grow even more, and the company is "ready with the infrastructure and capacity to disproportionally capture that growth. Some will choose to avoid the cannabis industry altogether, and that is an understandable sentiment. After all, cannabis stocks have been hammered over the past few months, and there's still a lot of uncertainty as to how things will unravel moving forward.
But for those looking to profit from this growing industry, Charlotte's Web is a strong option thanks to its leading position in the U. CBD market and its ongoing growth efforts. Feb 27, at AM. Image Source: Getty Images. Stock Advisor launched in February of Join Stock Advisor. Related Articles.
Charlotte's Web is the world's leading brand by market share in the production and distribution of hemp-based cannabidiol Charlotte's Web Holdings, INC. Charlotte's Web is a family owned Colorado company. Charlotte's Web products are made from hemp extract oil packed with the highest quality proprietary.
In this way we can create the highest quality products in the industry, derived only from family farms in the United States no imported hemp or hemp extracts. Canada: USA: IR charlottesweb. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.
Charlotte's Web Holdings Inc. The U.
Mobile App notifications. Email Notifications.
Investor Relations
Latest Trade. Today's Range. Key Developments. Key Metrics. All Listings. Charlotte's Web Holdings Inc is a Canada-based company engaged in alternative medicine sector.
Charlotte's Web Holdings Inc (CWEB)
Industrial hemp products are non-intoxicating. 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. The Company weighs sound business decisions with consideration for how its efforts affect its employees, customers, the environment, and the communities where its employees live and where it does business, while maximizing profits and strengthening its brands. Fully diluted shares includes Common Stock and Common Stock Equivalents plus any Options or Warrants that are outstanding for a total of ,, fully diluted. The common shares and of Charlotte's Web Holdings Inc. Charlotte's Web Holdings has announced the shares will continue to trade on the Toronto Stock Exchange. Latimer Co. Skip to main content. Charlotte's Web Holdings, Inc. Listing Exchange:.
It does not induce the psychoactive " high " typically associated with recreational marijuana strains that are high in THC. Charlotte's Web is named after Charlotte Figi whose story had led to her being described as "the girl who is changing medical marijuana laws across America.
EDT on Thursday. The steep decline came as part of an overall stock market crash resulting from an escalation of worries about novel coronavirus disease COVID Maybe to some extent. If consumers are too worried about becoming infected by the coronavirus to go shopping, the company's sales would likely fall.
Is Charlotte's Web Holdings Stock a Buy?
Tokyo Markets Close in:. Currencies Europe Markets London Markets. Charlotte's Web Holdings, Inc. It offers human ingestible products such as tinctures, capsules, and gummies, topicals, and pet products. It also markets powdered supplements, beverage, food, beauty, sport, profe It also markets powdered supplements, beverage, food, beauty, sport, professional and over-the-counter wellness. Weed stocks rally on last day of a brutal year. Cannabis stocks fall for third straight day as market digests last of a weak batch of quarterly earnings. Cannabis stocks boosted by expectations of a spike in spending on weed over holiday weekend. Aurora Cannabis stock slides after dilutive bond deal, drags broader sector lower. Cannabis stocks slide for third straight day as Tilray earnings fail to lift battered sector. Cannabis earnings: How much worse can it get for underperforming weed companies? Five reasons to buy cannabis stocks at these attractive levels. New operating chief at Charlotte's Web. Charlotte's Web: Making Tough Moves.
