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ABAHF - Charlotte's Web: The Bloom Is Off The Rose
Abacus Health Products Inc
Source: Author based on company filings.
Overview
Charlotte's Web (CWBHF) ("CWEB") is the largest and most valuable cannabidiol ("CBD") company. Their brand is likely the best-known CBD brand, and their products tend to command premium prices over competitors. CBD is a cannabinoid which does not get users high, but may offer medical benefits. After the 2019 Farm Bill, CBD is de-scheduled, but the FDA has not approved any medical claims of CBD aside from Epidiolex for seizures. Notably, the dosage of Epidiolex is much higher than for over-the-counter CBD users: