Is It Time to Worry About Charlotte's Web?
It wasn't all that long ago that cannabidiol (CBD) pioneer Charlotte's Web Holdings (OTC: CWBHF) was red-hot. The stock had more than doubled year to date in early August. The company was rapidly adding new retail locations to its distribution network.
But Charlotte's Web quickly went from hot to not. Shares are more than 60% below their highs from just a few months ago and are down close to 20% year to date. Two recent developments have made the situation worse: a warning from the U.S. Food and Drug Administration (FDA) about CBD and an impending class action lawsuit against the company. Is it time to worry about Charlotte's Web?
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Source Fool.com
