This post first appeared on Micro Cap Daily
Charlotte’s Web Holdings, Inc. (OTCQX; CWBHF) stock price has been on the rise throughout 2019 up to this point, with only occasional price corrections that followed attempts to breach major resistances. The company stock price’s volatility was far more aggressive in the final months of 2018, and entering the current year allowed its changes to become steadier and less frequent.
The growth that started in late December 2018 continued throughout January and was only interrupted in the first days of February. This allowed Charlotte’s Web Holdings’ stock to grow in value from $8 to $18, at the time. However, $18 was massive resistance, and the price got rejected and sent down to $14 after the initial approach. However, in early March, it suddenly skyrocketed, breaching this, as well as many other resistances until it reached $26, which rejected the price again. At the time of writing, the price is once again near $18, with a promise of another surge in that might come in the following days.
What does Charlotte’s Web Holdings, Inc. do?
Charlotte’s Web Holdings is one of the biggest companies in the world when it comes to the production and distribution of innovative CBD-based wellness products. The company is vertically integrated, and it strives to improve the lives of its customers. It is known for the high quality of its products, but also for their efficiency and consistency.
The company has strict rules when it comes to cultivating and producing its products, and every step of the way is overseen in order to provide the best quality, from seed to shelf. All of this comes for a single purpose, which is to improve the customers’ lives, naturally.
Charlotte’s Web holds over 300 acres of family farms for growing their proprietary non-GMO hemp genetics, which is then turned into a premium, full-spectrum phytocannabinoid health and wellness products. Its facilities are FDA-registered and approved, although it should be noted that the firm does not produce nor sell recreational nor medical marijuana.
To Find out the inside Scoop on Charlottes Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
Charlotte’s Web growth and progress in 2019
Charlotte’s Web Holdings has been a CBD leader for quite some time, but it only joined OTC Markets Group in October 2018. Things quickly advanced for the company after that, particularly when the company surpassed its 3000th location. However, the company started seeing a real surge in the price of its stock after the 2018 Farm Bill had passed, thus removing marijuana from the list of illegal drugs.
The first thing that the company did in 2019 was to appoint a new Chief Growth Officer, and they chose the former Coca-Cola executive, Eugenio Mendez. The company also soon announced that the demand for their products skyrocketed, which is why they had to increase their hemp harvest up to 10 times.
By the end of the month, the company also appointed a new COO — pharmaceutical industry veteran, Stephen Larmer. These appointments, combined with the high-quality products and a huge demand after passing the Farm Bill strongly affected Charlotte’s Web Holdings’ stock price, allowing it to surge to major heights.
The company has been making all the right moves, and successfully navigating the industry and avoiding various scandals that many other firms got caught into. As such, their stock price did not suffer due to risk or industry rumors. Instead, its growth and declines are completely natural. Whenever the price skyrockets simply due to the fact that the company is doing well, its growth is followed by a drop when the investors start worrying that things are going a bit too well.
We have a Monster Pick Coming. Subscribe Right Now!
But, Charlotte’s Web Holdings is simply that kind of a company, and its stock price continues to probe and breach one resistance after another, which is likely to continue. At the moment, the firm’s stock price is back at $18 due to one such price correction. As such, this is a perfect moment for investors to take action and use this ‘discount’ to their advantage. We will be updating on Charlottes when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Charlottes.
Sign Up now for our 100% FREE Penny Stock Newsletter
Disclosure: we hold no position in GT Biopharma either long or short and we have not been compensated for this article.
Copyright in text and images in this article belong to the original source.
This post first appeared on Micro Cap Daily