Introduction
Charlotte's Web's (CWBHF) shares are tumbling (down 6% to $9.44 at the time of this writing) following the publication of the company's Q3 earnings results, which showed flat sequential growth and increased operating expenses.
Although the market is reacting negatively to Q3 numbers, we believe that earnings were better than what one could have reasonably expected given that CV Sciences (CVSI) reported negative YoY revenue growth last week.
We view Charlotte's Web as an attractive long-term investment opportunity given the company's leading position in the space, recent resilience in the