If you've never heard of Charlotte's Web (OTC: CWBHF) , it's easy to see why the title of this article might be perplexing. Of course, the company's line of business, cannabidiol (CBD) wellness products, has nothing to do with the identically named book about farm animals and spiders, which should clear up some confusion.
Charlotte's Web made a name for itself by being the most visible source for CBD wellness products like skin creams and oils. But, as the U.S. inches toward marijuana legalization and the field of competitors selling both CBD and recreational marijuana products grows more crowded, Charlotte's Web is struggling to turn a profit. Over the last couple of years, its stock price has collapsed by more than 60%, and management isn't offering many clues as to how it could bounce back. Is the company's heyday long gone and never to return, or is there an opportunity for investors to benefit from a turnaround?
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For further details see:
Is It Too Late to Buy Charlotte's Web Stock?