Is Charlotte's Web Holdings Stock a Buy?
After a dismal calendar year 2019, during which its shares slid by about 31%, Charlotte's Web Holdings (OTC: CWBHF) isn't performing much better in 2020.
In the weeks since the new year kicked off, the company's shares are down by 23%. 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.
Source Fool.com
