Is Charlotte's Web a Buy?

·3-min read
Is Charlotte's Web a Buy?

Back in 2019, after a headline-grabbing IPO, Charlotte's Web Holdings (TSX: CWEB)(OTC: CWBHF) was heralded as a high-flying CBD giant with enormous potential. Fast forward two years, and Charlotte's Web's sales have stagnated, its margins have collapsed, and it is bleeding cash. During the second quarter of 2021 (ended March 31), Charlotte's Web's revenue increased by 9.1% compared to Q2 2020, to $23.4 million.

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