This post first appeared on Micro Cap Daily

Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) stock price is seeing a massive growth at the moment, after suffering a small price decline in the previous few weeks. The company’s stock price has generally performed excellently in 2019, with a surge that started in the second half of December 2018 and continued all the way until February of this year. While the price was seeing a decline throughout February, March has brought a sharp spike up, which continued in the initial days of April. Then, as mentioned, the following few weeks brought another price correction after CWBHF hit a resistance level at $24. The decline took the price down to a support level at $18, from where it started growing again.

Who is Charlotte’s Web Holdings?

Charlotte’s Web Holdings, Inc. is one of the pioneers and leaders in the cannabidiol (CBD) product industry. The company was founded by the Stanley Brothers, and since then, it has become one of the biggest producers and distributors of hemp-extracted CBD wellness products.

The company uses its vertically-integrated business model to improve the lives of its customers, as well as meet their demands in terms of efficiency, quality, and consistency. The company is extremely strict when it comes to methods of cultivation and processing, with the goal of ensuring the highest quality products that will later arrive on the shelves in your home.

Its goal is to improve the lives of the people through the products that come from nature. They produce their non-GMO hemp on 300 acres-large family farms and create full-spectrum phytocannabinoid health and wellness products. The company produces its brands in an FDA-registered facility. However, it should be noted that they do not produce or sell recreational or medical marijuana.

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Charlotte’s Web Holdings’ growth in 2019

As mentioned, Charlotte’s Web Holdings stock price has been performing excellently in 2019, apart from a few minor declines. The stock price has surged from barely $10 to around $24 in about four months, and while it is currently recovering from the latest price correction, everything indicates that even further growth is about to occur.

The original surge that started in late December came soon after the company celebrated the passing of 2018 Farm Bill, which brought significant material improvements in its business outlook. The Farm Bill removed hemp from the list of controlled substances, meaning that the Drug Enforcement Administration (DEA) no longer had jurisdiction over it.

This was a massive victory for the entire hemp industry, and in the month following the announcement, the company’s stock grew from $10 to $16. Charlotte’s Web increased its hemp harvest up to ten times in order to meet the growing CBD-based product demand, and soon afterward, it employed Stephen Lermer as its COO.

After the initial hype had passed, the company saw a minor price decline in February, as mentioned earlier. But, the arrival of March 2019 re-started the surge, which allowed the price to spike from $14 to over $24 in less than a month. The price then once again experienced a minor decline — one which is already being nullified through another massive recovery.

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At the time of writing, the company’s market cap sits at $1.94 billion, while its stock price is growing by 8%, currently sitting at $20.91. If it continues, the firm might break its earlier record before the month ends. Its price is definitely going to new heights sooner or later, and investing in it right now is the last opportunity before the stock price skyrockets. 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.

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Disclosure: we hold no position in Charlottes 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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