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Why the Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Bull Case Could be Reborn

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Shares of Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) continue to battle for pullback support at a very important level in the $13/share area. To help shape the story, the company just announced its newest CBD product line – hemp extract-infused CBD Gummies – made with whole-plant extract from its prized hemp genetics and featuring synergistic functional ingredients to support specific health related functions including everyday stress, sleep, and recovery from exercise or active lifestyles. The important part here is the pre-established scope of the company’s distribution footprint.

According to the release, “Available in a variety of flavors, gummies are the latest addition to the Company’s expanding line of CBD hemp-extract products. They are available for purchase through Charlotte’s Web online store today, and begin shipping this week to retailers within the Company’s growing network of more than 6000 locations across the United States.”

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 its newest CBD product line – hemp extract-infused CBD Gummies – made with whole-plant extract from its prized hemp genetics and featuring synergistic functional ingredients to support specific health-related functions including everyday stress, sleep, and recovery from exercise or active lifestyles.

The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 2% in that timeframe. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -12%. Moreover, the name has seen a jump in recent trading volume to the tune of 18% beyond its prior sustained average level.

“Gummies are a very popular edible format as a result of convenience and measurable consumption,” stated Kelsey Morrison, Associate Director of Product Development at Charlotte’s Web. “This new delivery format from Charlotte’s Web provides an easy bite-sized way to ingest full-spectrum hemp-extract CBD.”

Currently trading at a market capitalization of $2.09B, CWBHF has a significant war chest ($92.3M) of cash on the books, which is balanced by about $20.7M 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 $102.6M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 74.2%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. 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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