It’s called Charlottes Web (OTCMKTS:CWBHF), since late May the large majority of cannabis stocks have been on a steady down turn. Charlottes Web has also been subjected to these losses with a low of $10.77 around mid-June and while the others have continued on that downward trend Charlottes Web since the mid-June low has continued to increase while others went down. On July 23rd they had a price of $13.67, now look ahead to August 1st where they closed at $20.32 after weeks of continues gains. Back in April 2019, they hit a 1 year high at $23.30 and they are not far from that high.
Currently they are scheduled for their 2nd Qtr. earnings call on August 14th before the open of trading on the Toronto Stock Exchange. A conference call to discuss the results has been scheduled for the same day at 10:00a.m. Eastern Time. If you wish to listen in you can call 1-647-427-7450 or 1-888-231-8191 approximately 10 minutes before the conference call and provide conference ID 8685806.
Charlottes Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-derived cannabidiol (CBD) wellness products. The company’s premium quality products start with proprietary hemp genetics that are responsibly manufactured into hemp-derived CBD extracts naturally containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds.
As of July 29, 2019 Charlottes Web had 44,500,034 Common Shares outstanding and 132,151.34 Proportional Voting Shares convertible at 400:1 for an effective equivalent of 97,360,571 Common Shares outstanding.
Charlottes Web is currently rated as a “Buy” with a price set at $26 before years end. So if your looking for a Cannabis stock that is proven to with stand the summer down trend this is it.