Charlotte’s Web stock is volatile in Wednesday’s session after Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) reported a lower than estimated revenue and profit for the second quarter.
Revenue Soars 45%, But Below EstimatesOne of the companies that have managed to build a profitable operation on the back of hemp-based CBD products is Charlotte’s Web Holdings, and currently, it is the biggest company in its particular line of business. The company released its Q2 2019 results today, and although it did manage to turn a profit, it was lower than what it generated in the prior-year quarter. ...
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