Why Charlotte's Web Stock Fell by Almost 5% on Monday
Cannabidiol (CBD) specialist Charlotte's Web Holdings (OTC: CWBHF) wasn't a special stock on Monday. It closed nearly 5% lower on the day, despite announcing a new product targeted at frontline healthcare workers.
The new product is a CBD oil tincture (a tincture is the result of infusing something in a liquid). It is available in 10- or 30-millimeter sizes, each containing 25 milligrams of CBD. Suggested retail prices are $24.99 and $59.99, respectively.
CBD purportedly has medicinal and restorative properties. In contrast to tetrahydrocannabinol (THC) from marijuana, it does not get a user high.
Source Fool.com
