Charlotte's Web Holdings Inc (CWBHF)

[Gladys Thong]

IF THAT's an investment FRYING-PAN(it's not)
It looks like there's a FIRE that needs attention:
Cronos Paid $300 Million for a Small CBD Company, and CEO’s Private-Equity Firm Stands to Collect $120 Million of It

When Canadian cannabis company Cronos bought U.S. CBD start-up Lord Jones for $300 million, the deal was noteworthy for two reasons: (1) that the acquisition price was equal to 75 to 150 times the young company’s 2018 revenue of between $2 million and $4 million, according to a person familiar with the matter, and (2) that a fund co-founded by Cronos’ CEO and a longtime director stood to collect 40% of the purchase price, including more than $20 million in fees.