Charlotte’s Web Holdings Bounces Back On Value Buying
The CBD industry has grown at a remarkable pace over the course of the past few years, and one of the biggest players in that space is Charlotte’s Web Holdings (OTCQX: CWBHF). On Friday, the stock rallied after almost a month and gained as much as 13.8%. The rally came as a surprise for many as the stock had been down by as much as 30% in February until the rally.
Charlotte’s Web Holdings (OTCQX: CWBHF) is particularly attractive for many investors because CWH is involved in hemp-based CBD products and produces a wide range of products.
There had been an expectation that CBD products would go on to become a massive market, but in 2019, the comments from the United States Food and Drug Administration had a negative effect on CBD stocks. The affected CWH as well. The agency stated that there is a lack of understanding of the safety of CBD products. As many as 15 companies had also been warned for misleading marketing, and that had an effect on the CWH stock.
The stock is expected to be in focus this week, and it remains to be seen if it continues to rally. Investors could do well to have an eye on the stock today.
Another CBD stock that could be considered by investors at this point is that of CBD Unlimited Inc (OTCMKTS: EDXC). It is a major player in the CBD industry, and like CWH; CBD Unlimited is also involved in hemp-based CBD products.
The company has managed to expand at an impressive pace, and its products are now available in more than 5600 stores in the United States. However, CBD Unlimited Inc (OTCMKTS: EDXC) is determined to raise that number and is looking to expand the number of stores to more than 20000. The company has emerged as one of the more promising CBD companies in recent times, and it could be worthwhile for investors to keep an eye on the developments.
Source: Stock Market Press
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