Charlotte’s Web stock hit lows of $11.06 USD in mid-June, but at $18.07 USD at present, shares are resurging. In fact, in just over two weeks, they’ve packed on 63%. Let’s check out what’s happening with America’s favorite hemp brand, Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF).
Charlotte’s Web Stock LullThe second quarter spelled disaster for many cannabis stocks; one of which was US’s Charlotte’s Web. According to the Motley Fool, during this period, “the Horizons Marijuana Life Sciences ETF [shed] 13% of its value and 25 marijuana stocks [lost] at least 20% of their value.”
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