Why Charlotte's Web Stock Fell by Almost 5% on Monday

Eric Volkman, The Motley Fool
·2-min read
Why Charlotte's Web Stock Fell by Almost 5% on Monday

It closed nearly 5% lower on the day, despite announcing a new product targeted at frontline healthcare workers. The new product is a CBD oil tincture (a tincture is the result of infusing something in a liquid). "As the CBD industry pioneer of full spectrum hemp CBD wellness products, the Company is expanding its product offerings for consumers seeking a THC-Free option," Charlotte's Web wrote in the press release trumpeting the new line.