Charlotte’s Web has been showing consistent selling pressure since early April and underperformance in the broader cannabis sector. Earlier this month, the stock witnessed a sharp fall after Charlotte’s Web Holdings (CSE:CWEB) (OTCQX:CWBHF) announced a 7 million common share offering at a price of $20.00 CAD a share.
Since April, Charlotte’s Web has dropped almost 40% from its all-time peak price of $25 on the OTC market.
So does the recent fall offer a good buying opportunity? Let’s analyze the company’s business.
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