Charlotte’s Cannabis Health Stock Could See an Upside

Charlotte’sCharlotte’s Web Holdings Inc. (OTC: CWBHF) is a Colorado-based health and wellness company that specializes in cannabinoid treatments derived from hemp and cannabis. This company is likely to benefit from the long-term expansion of legal cannabis use and the associated increased acceptance of CBD health products. With a bargain stock, it’s worth considering as a cautious investment in 2021.

Charlotte’s Web is the leading supplier of CBD health products in North America. With the Biden Administration and a liberal House and Senate majority, the regulatory environment for hemp and cannabis-derived products is likely to improve. While speculative, it appears that the conditions are aligning for this stock to grow.

Total revenue for the company increased to $25.2 million in the most recent quarter, a sequential jump of 17%. eCommerce sales were particularly strong, increasing 27.5%. The company reported $65.9 million in cash and similar assets in September, along with $128.6 million of working capital. It’s in a good position to weather any regulatory or competitive hurdles that could appear in the short-term.

With a high-end target price of $7.62, there could be strong returns for investors who buy in 2021.

Key Data:

  • 1 Year Price Growth: -10.32%
  • YTD Price Growth: 31%
  • 3 Month Price Growth: 18%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.


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