This post first appeared on Micro Cap Daily

Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) stock price has seen considerable growth in the past five months, starting from mid-December. After dropping for several months in 2018, the price started its growth by breaching the resistance level at $10. After 2019 had arrived, the price was already attempting to breach the $14 mark, finally managing to do so by early February.

Unfortunately for the company, February brought a price correction which knocked the price from nearly $18 back to $14, which started acting as a support as the month came to a close. However, in the first week of March, the stock price suddenly spiked up, reaching the height of $26 within only a few weeks. The price then saw a prolonged correction — one that took it back to $20, and it lasted through an entire month of April. Now, the arrival of May seems to have brought another surge, as the stock price continues moving up with around 0.50% gains in the past 24 hours.

What you need to know about Charlotte’s Web Holdings

Charlotte’s Web Holdings is a leading brand by market share when it comes to the production and distribution of CBD-based wellness products. The company uses its vertically integrated business model to improve the lives of its customers. Its focus is on providing top-quality, efficient products, and in order to achieve this — the firm employs strict methods, and it oversees the entire process of cultivation, product manufacturing, and distribution.

Charlotte’s Web has a simple aim which is quite difficult to achieve. Its’ mission is to use natural products to improve the lives of its customers. Their hemp genetics is completely non-GMO, and the company uses over 300 acres of family farms. As mentioned, Charlotte’s Web Holdings deals in CBD wellness products, but it does not sell recreational or medicinal marijuana.

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Charlotte’s Web Holdings in 2019

Charlotte’s Web Holdings is one of the rare few companies of this particular industry that manages to remain strong and steady in spite of various difficulties that the emerging cannabis industry brings. The company joined OTCQX less than a year ago, in October 2018.

Only days later, the company surpasses 3,000 locations, as the mainstream market continues to grow. Obviously, the firm is quite massive, and the passing of 2018 Farm Bill was a monumental win — not only for the company, or even for the industry itself — but for entire America, according to Charlotte’s Web.

The demand went through the roof in 2019, and Charlotte’s Web reported that they had to increase their harvest by 10 times only to meet the demand.

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The company continued its growth by appointing a new executive — Stephen Lermer. Lermer is a pharmaceutical industry veteran who became Charlotte’s Web’s COO in late January. The company then issued several optimistic reports of its progress, with indications of quite a bright future, judging from the demand and popularity of the firm’s products. Clearly, its’ stock price’s height is well-deserved, and it may even be slightly below its actual worth at this point. However, it will likely catch up sooner or later, and when it does — those who purchased it while it was low will likely make a nice profit. We will be updating on Charlotte’s Web Holdings when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Charlotte’s Web Holdings.

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Disclosure: we hold no position in Charlotte’s Web Holdings either long or short and we have not been compensated for this article.

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This post first appeared on Micro Cap Daily

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