How the Math on Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Presents an Interesting...

How the Math on Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Presents an Interesting Opportunity


Shares of Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) have been tracing out what appears to be a bullish flag consolidation pattern following the stock’s powerful run higher out of its pivot lows from one month ago in the neighborhood of $11/share. While it appears to offer a bullish overall posture, we would be on alert for a test of confluence of major moving averages in the $14.50 – $15.00 area. That would mesh well with other technical factors and could provide an interesting opportunity for traders.

To make matters more interesting, the company just announced that Tony True has joined the Company in the newly formed role of Chief Customer Officer. According to the release, “Mr. True comes to Charlotte’s Web from Pharmavite LLC, one of the largest U.S. manufacturers of high-quality vitamins, minerals, and other dietary supplements, where he served as Executive Vice President, Sales. As Chief Customer Officer for Charlotte’s Web, he will lead the Company’s sales strategy and forecasting, customer development and relationships, and retail execution. Mr. True will report directly to Charlotte’s Web CEO Deanie Elsner.”

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 Tony True has joined the Company in the newly formed role of Chief Customer Officer.

We’ve witnessed 38% tacked on to share pricing for the company in the past month. In addition, the listing has witnessed a pop in interest, as transaction volume levels have recently pushed 58% above its longer-run average levels.

“Tony’s three decades of sales leadership at both consumer product goods and healthcare companies is a valuable combination to support the Company’s next phase of growth,” said Deanie Elsner, CEO of Charlotte’s Web. “His appointment is a timely addition to our evolving leadership team, as we continue to bring in top-tier talent to further extend Charlotte’s Web’s leadership position in the market.”

Earning a current market cap value of $663M, CWBHF has a significant war chest ($92.3M) of cash on the books, which compares with 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%. 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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