Charlotte's Web Holdings Inc (OTCMKTS: CWBHF) on Track for a Record-Breaking Year - MJ Global Report
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Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) on Track for a Record-Breaking Year

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Charlotte's Web Holdings

Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) is on course for a record-breaking year and continues to live up to much of the expectations as one of the best stocks in the cannabis sector.

Investing in a leader of one of the rapidly growing industries across the globe makes for a significant opportunity. Investing early makes it even better. Charlotte’s stock is a leader in the US CBD market and currently trades on the CSE market in Canada and the OTC in the US.

Charlotte’s Web Holdings Price Analysis

The stock has been climbing up in the charts lately (especially the start of this year) transforming into a leader and one of the market’s most active pot stocks.

CWBHF price today.

It’s fair to say that Charlotte’s price has been relatively up and down in the past month, but it’s now getting the moment up again slowly but surely.

The company is striving to meet the ever-growing CBD product demand, and as it stands, the stock is trading at $15.30. Charlotte Web Holdings is well positioned to get on climbing the ladder given the current strength of the upward momentum.

Charlotte’s Web Holdings Brief Review

Charlotte Web is the market share leader in the hemp-derived CBD extract products. It boasts a robust pipeline of products in tinctures, capsules as well as topical products. The firm produces as well as distributes CBD wellness products to almost 3,700 retail locations.

Last year, the company had 300 acres planted with hemp which is a massive increase from 2017 whereby it had only 70 acres. That significant increase enabled the company to produce more than 675,000 pounds of hemp- 10 times more than in 2017.

Therefore, at that moment, it should be expected that 2019 will be an even better year for the cannabis firm (and early indicators are aggressive already).

Charlotte Web Holdings 2019 Outlook

There’s growing optimism that the company will register robust revenue growth this year. Besides, the company has been consistently profitable going as per the last reported quarterly results.

According to the Q4 2018 results, the company recorded organic consolidated revenue growth of 71% ($21.5 million in amount), which is an increase of 21% from the previous Q4 of 2017.

Furthermore, gross profit increased by 63% to $16.3 million. Full-year revenue was $69.5 million, up by 75% year-over-year. The company ended last year with a balance of $73.4 million as well as working capital of $93.4 million. Interestingly, it has very little debt.

Subsequently, the biggest highlight is the increased inventory meaning the company will have little problem meeting the demand. This year, the primary focus of the firm is all about retail expansion.

The 2019 consensus estimates point out that there will be a 100% increase in revenues (to about $151 million from $70.1 million of last year). Also, the EBITDA is expected to double to $55.8 million from $23.5 million of 2017.

There’s something else that should be noted, too

After evaluating the company, some companies also have recently announced adding CBD products to their stores. For instance, Walgreens (NASDAQ: WBA) and Rite Aid (NYSE: RAD) are showing some avenue for growth, hence going forward it looks to be a fragmented industry.

What Next for Charlotte’s Web Holdings

The company is getting popular with its pretty decent loyal customer base that already exists, and with the passing of the Agriculture Improvement Act of 2018, the company will only get even more popular.

When it comes to the CBD stocks, Charlotte’s Web Holdings is undoubtedly one to beat. The company is continuously launching new products as well as ramping up marketing efforts. The company’s market dominance is fierce and last year may have looked as a record-breaking one, but as things stand, 2019 is shaping up nicely to become even better for the most active pot stock.

With the up listing seemingly looking a big move, for investors eyeing opportunities in the marijuana sector, Charlotte’s Web Holdings should be an ideal pick.

For the latest updates on CWBHF and other MJ stocks, sign up below!

Disclosure: We have no position in CWBHF and have not been compensated for this article.

Image courtesy of Pexels

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CBD Stocks

Charlotte’s Web Stock (TSE:CWEB) (OTCMKTS:CWBHF) Poised For Breakout And Here’s Why

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Charlotte's Web Stock

Charlotte’s Web Stock (TSE:CWEB) (OTCMKTS:CWBHF) is currently at one of its lowest price levels in about five months. That is the result of a selloff that kicked off toward late September after the stock reached one of its highest watermarks at $23 in August.

You cannot rule out profit-taking as having contributed to the decline that has brought the stock to its current lows considering the stock pulled up from one of its lowest levels this year in July before the August breakout. A repeat of the August bull run that powered CWBHF to one of its highest price levels this year seems to be in the offing.

Firstly, after a string of declines for much of last week and early this week, CWBHF has begun showing signs of a comeback. The stock closed the last session (November 5), up. Now the stock has found immediate support at $10.9 from where it looks set for a powerful breakout as happened in March, June, and July.

In March, for instance, CWBHF bolted from a low of $13 on March 8 to reach its one-year peak of $25 in a space of fewer than 30 days on April 4. Profit-taking kicked off after that and the stock fell to around $10 in mid-June, from where it began rising again, topping $18.5 in early July. Investors again took profit and toward late July the stock was back down at around $13.5.…

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CBD Stocks

CV Sciences, Inc. (OTCMKTS:CVSI): You Don’t Want To Miss This Bounce Back

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OTCMKTS:CVSI

CV Sciences, Inc. (OTCMKTS:CVSI) is currently trading at one of its lowest price points in about a year. The decline that has taken the stock to its current lows began unfolding in mid-September.

By late September, CVSI had lost so much ground that the stock was trading below $1.60. However, it again began moving up and in early October the stock had climbed back up enough to flirt with $2.60. From that level, CVSI retreated and by mid-October it was doing rounds at about $1.85. The stock began climbing back up again and toward late October it was trading well above $2. But in late October until now it has begun pulling back again, closing down in three of the last five trading sessions.

Looking at the charts, you cannot dispute that CVSI has demonstrated a pattern that investors can take advantage of to profit from the stock in short-terms. After rallying, CVSI tends to pull back, thereby allowing investors who may have missed its previous bull run to get on board before it begins another flight. Therefore, you shouldn’t be surprised if CVSI sharply reverses course and begins trending up from current levels.

About OTCMKTS:CVSI

CVSI is a hemp CBD company that makes products for both consumer and therapeutics markets. The company operates production facilities that follow good manufacturing practices. Its PlusCBD Oil product has been noted as the top-selling hemp CBD brand.

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Baristas Coffee Company Inc (OTCMKTS:BCCI) Breaks Out: What’s Driving The Stock This Time?

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OTCMKTS:BCCI

For more than four months, Baristas Coffee Company Inc (OTCMKTS:BCCI) struggled to trade above $0.0186 following a short-live breakout in June. However, a bull run that began in late August, interrupted by some profit taking in September, has powered Baristas to its highest watermark since May.

While Baristas might pull back a bit from its latest peak as some investors move to book profits, the stock should find support at $0.015.

A pullback from the latest high should open the door to investors who missed the initial bull run to get in, pushing the stock to even greater highs. Meanwhile, short-sellers will be scrambling to cover their short positions in Baristas as surges, and that would fuel further rally in the stock.

However, if Baristas drops below its critical support level of $0.015, then that could leave it susceptible to fresh short-seller attacks, which could in turn push the stock even lower.

Baristas has recently entered into commercial partnerships that should provide some catalytic effect for the stock.

About OTCMKTS:BCCI

Baristas Coffee Company has been around since 1996. It launched Innovative Communications but later rebranded to its current name in 2010.

The company operates as a specialty drive-through beverage retailer, mostly focused on coffee drinks. Baristas prides itself as the leading white coffee brand in the US. Additionally, Baristas also sells pastries and confections. True to its roots as an innovative business, Baristas has found…

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