Charlotte's Web Holdings, Inc. (CWEB), a provider of full spectrum hemp extract products, that saw its stock fall 2.6% and nearer to 52 week lows yesterday, said Thursday it is expanding its retail distribution in California following passage of Assembly Bill 45 (AB 45) on Oct 6. The law formally permits retail sale of products containing hemp-derived cannabidiol...
$CWBHF
I don't trade cannabis but found something interesting here... curious how it plays out.
$CWBHF is trying to break it's 6m high. C/H could be in play - I like the upside. Cut loss below $4.5.
The EMA is nearing a golden cross, positive technicals and oscillators and good momentum.
OTC:CWBHF
Happy 420!
When legal recreational cannabis sales began in Canada on Oct 17, 2018, marijuana companies and investors were brimming with confidence...
A large industrialized country had finally legalized marijuana. And with an adult population of nearly 30 million people, Canada would finally show the world just how big and lucrative the recreational marijuana...
Some people made good money on this recent rally, but I don't see her go any higher any time soon. Daily candle looking extended, rejected at multiple resistance, weekly downtrend still valid.
-5 th wave down has landed !
Bullish divergence on both RSI and MAC D as well as a falling wedge pattern on daily tells me the bulls have something in store !
Im long and strong , manage risk as you see fit .
Currently the entire cannabinoid industry is in a downturn. The sky high valuations that these companies have been commanding past few months have clashed with reality, leaving investors scrambling for cover.
The whole premise for the high valuations was the high growth rate. However, as recent events in Canada show, legitimate cannabinoid companies still cannot...
Hey Friends!
Charlotte’s Web (OTC: CWBHF) is one of the nation’s largest growers of hemp. And it’s laser-focused on the medical uses of cannabis. In fact, Charlotte’s Web was founded from Big Pharma’s failures.
Stanley Brothers is the founder of Charlotte’s Web. The company began researching medical cannabis when the Stanley brothers’ uncle developed pancreatic...
Average analysts price target $20.91 | Buy rating.
Company profileCharlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid wellness products. Its products is comprised of tinctures, capsules, topical products, powdered supplements, single-use, beverage, and sport and professional products. The company was founded by Joel...
Leading diagonal possible 1, 2 wave here. Might go long on calls on the next low in the 5 waves down. Just keeping an eye on it to see if it's worth getting into later.
