There's no question that Charlotte's Web Holdings (OTC: CWBHF) has been a phenomenal growth stock over the last few years. The company led the charge as cannabidiol (CBD) products hit the mainstream in the U.S. and reaped the benefits of the CBD surge.
Many thought that 2019 would really be the year for Charlotte's Web to hit its stride after hemp was legalized in the U.S. in December 2018. But it's been one step forward and two steps back for the company so far this year.
You can add another step backward after Charlotte's Web reported its third-quarter earnings results before the market opened on Wednesday. In particular, there were three worrisome trends in the CBD leader's Q3 update.