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The Bear Trap is in Place in Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF)

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One question that should be front and center for many traders in the CBD and cannabis space is whether or not the pullback in shares of Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) represents a golden opportunity to get on board the trend in what has been one of the most important and robust trends in the space over recent months. To further flesh out the story, the company just announced that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than the Province of Quebec.

“To build on the strength of our competitive position we believe it is prudent to have a Shelf Prospectus proactively filed,” stated Hess Moallem, President & CEO of Charlotte’s Web.  “This increases our flexibility by enabling Charlotte’s Web to act more quickly on various potential opportunities it may identify.”

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) bills itself as a company that develops and distributes hemp-based cannabidiol (CBD) wellness products. Its products include CBD hemp oils, capsules, topicals, and pet products that feature CBD hemp oil extracts.

Charlotte’s Web Holdings, Inc. sells its products online as well as through distributors, and brick and mortar retailers.

The company was formerly known as Stanley Brothers Holdings Inc. and changed its name to Charlotte’s Web Holdings, Inc. in July 2018. The company was incorporated in 2018 and is headquartered in Boulder, Colorado.

According to company materials, “Charlotte’s Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-based cannabidiol (“CBD”) wellness products. Founded by the Stanley Brothers, the Company’s premium quality products start with proprietary hemp genetics that are responsibly manufactured into whole plant hemp extracts naturally containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds. Industrial hemp products are non-intoxicating. Charlotte’s Web current product categories include tinctures (liquid products), capsules, topical, as well as pet products. Charlotte’s Web hemp-based whole plant extracts are sold through select distributors, brick and mortar retailers, and online through the Company’s website.”

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As noted above, CWBHF just announced that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than the Province of Quebec.

Recent action has seen 25% during the past month in terms of shareholder gains in the name. Moreover, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running 66% above the average volume levels in play in this stock over the longer term. Traders should note this as important due to the tight float size in the stock (around 21M shares).

According to the release, “The base shelf prospectus allows the Company and certain of its security holders to qualify the distribution by way of prospectus in Canada of up to $500,000,000 of common shares, preferred shares, warrants, subscription receipts, units, or any combination thereof, during the 25-month period that the base shelf prospectus is effective. The specific terms of any offering under the base shelf prospectus will be established in a prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities may be used by the Company for general corporate purposes, including funding ongoing operations and/or working capital requirements, for capital projects and potential future acquisitions, including in relation to international expansion.”

Earning a current market cap value of $1.84B, CWBHF has a significant war chest ($102.6M) of cash on the books, which compares with about $14.6M in total current liabilities. One should also note that debt has been growing over recent quarters. CWBHF is pulling in trailing 12-month revenues of $62M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 4.3%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $CWBHF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $CWBHF, either long or short, and we have not been compensated for this article.

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