Charlotte’s Web Holdings Bounces Back On Value Buying

 In OTCMKTS: EDXC, OTCQX: CWBHF

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.

CBD stock to watch

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.

CBD stock to watch

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

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press