Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Charlotte's Web (OTCQX:CWBHF) faced headwinds this past quarter as the CBD market becomes saddled with new entrants and regulatory uncertainty. As the category leader and one of the first movers in the industry, we think CWEB has established strong brand recognition and customer loyalty which will become increasingly important in today's CBD market. While the long-term outlook for the industry remains upward, we expect the stock to face resistance in