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.
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.
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Disclosure: We have no position in CWBHF and have not been compensated for this article.
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Can Isodiol International Inc (CNSX:ISOL)(OTCMKTS:ISOLF) Break Out From Here?
Investors have jumped on Isodiol International Inc (CNSX:ISOL)(OTCMKTS:ISOLF) stock this month. The stock gained 62% on January 21, marking its best day so far in 2020. The stock has already gained 106% year-to-date. But do not think even for a minute that investors have warmed up to Isodiol stock for nothing. This is a stock with tremendous potential and at this point, the stock is just showing early signs of what is going to be a big breakout.
In case you are wondering why investors have started jostling for a piece of Isodiol early on in the year, this report answers that question and more. But before we delve into the details, it is important to first understand the company we’re discussing here.
About Isodiol International
Isodiol International is a Canadian company that has specialized in the making of pharmaceutical and consumer products derived from hemp. It makes CBD products derived from hemp grown and processed in the United States. Though Isodiol’s operations are currently concentrated in North America, the company has big expansion dreams. It has set its sights on expanding into Latin America, Asia, and Europe.
What exactly is drawing investors to Isodiol stock and why does it stand out as a good pick in the hemp/cannabis stock universe in 2020? The simple answer is that investors are beginning to realize Isodiol’s bright prospects as a CBD products company.
Isodiol bidding for…
New Age Beverage (NASDAQ:NBEV) Solid Fundamentals Amidst Price Slump
New Age Beverage (NASDAQ:NBEV) has taken a significant beating since the start of the year. A 60% plus slide attests to a stock under immense pressure. Amidst the underperformance in the stock market, the company has continued to do exceedingly well when it comes to core business execution and operation efficiency.
New Age Beverage Catalysts And Price Analysis
Triple-digit revenue growth is one of the developments that continues to affirm the company’s long-term prospects. The company also remains well-positioned to generate bottom-line growth backed by robust retail channels in the U.S as well as expansion in Asia. Integration of Morinda operations in China is another development likely to continue strengthening the company’s bottom line going forward.
A spike in implied volatility in the options market is the latest development that signals a potential turnaround in the direction of trade. Huge implied volatility indicates that trade is developing. What is clear is that the stock has taken a significant hit and may be due for a correction higher, given the improving fundamentals.
Increased activity around the $2.50 Put options could signal a potential change in the direction of trade. After the recent slide lower, the stock needs to rise and find support above the $2.40 resistance level. A rally past the $2.40 level should reaffirm New Age Beverages bounce back prospects.
Above the crucial resistance level, the stock should be on its way to the…
Charlotte’s Web Stock (TSE:CWEB) (OTCMKTS:CWBHF) Poised For Breakout And Here’s Why
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.…