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I hear you I got some at 1.88.. If I get some extra cash and we're still down here I'll hit the slot machine again...
New coronavirus Variant causing fear and effecting the market Dow plunges 650 points...Dow Jones Dives 650 Points After Fed's Powell Comments; Omicron Fears Spread... https://www.investors.com/market-trend/stock-market-today/dow-jones-drops-stocks-fall-covid-variant-fears-nasdaq-reverses-higher/
Getting Brutal here... Share prices like a plane with its nose pointed towards the ground...
I can appreciate point... Make sense...
The market may have stabilized but the market does care because the coronavirus has affected prices across the globe majorly... For instance that's why Congress had to bail out the airlines and Cruise lines and other huge companies because of huge revenue loss due do to no air travel and no cruise..Is due to fear of being stuck abroad and not allowed to reenter the country Due to coronavirus... And border closures abroad... Look at many cannabis stocks all of them are in the red today and Cannabis Sector still bearish.. Not to mention some companies went bankrupt during the pandemic it has had a major effect on the market all the way back to 2020...
It might be exaggerated but many have died from the coronavirus and Many have been sick with it.. Some have very easy times and some almost die with it , And some do die with it , so it is effecting the market... I know the majority of hospitals across the country their ICU are full and people are afraid and rightfully so... I speak from experience I had the coronavirus and it was a living hell.. And the fear of a new strain the vaccines do not protect people from scares people.... I mean the country is and has been in a pandemic for a couple of years now and that affects jobs it affects local businesses it affects the economy and affects business revenue it affects travel therefore it affects the market... It will definitely present a huge buying opportunity in a lot of sectors that get smashed... It will not surprise me if Charlotte's Web sees under a dollar...
COVID-19 ‘variant of concern’ Omicron triggers alarm globally, stock markets crash.. Buckle up could get nasty Monday... https://zeenews.india.com/india/covid-19-variant-of-concern-omicron-triggers-alarm-globally-stock-markets-crash-2413904.html
A draft bill to legalize and regulate marijuana sales in Mexico is being circulated among senators, and a top lawmaker says the plan is to vote on the proposal before December 15... https://www.marijuanamoment.net/mexican-senators-circulate-draft-marijuana-legalization-bill-with-vote-expected-within-weeks/
Yea you never know , but it's coming just a matter time.. Lots of legislation coming down the pipe and when some of it passes many will be glad that they added shares here... Example https://www.marijuanamoment.net/bipartisan-senators-urge-passage-of-marijuana-banking-through-defense-bill/
Shorty is going to be in the frying pan when this does catch fire..... Any significant news from the government Congress the senate and it's rocket time...
Bid and Ask so tight you have to thread it with a needle... Bid 1.43 Ask 1.44..One penny difference... Tight trading..
Schumer Wants To Keep ‘Big Boys’ Out Of Marijuana Industry And Says Legalization Bill Is Passable.. https://www.marijuanamoment.net/schumer-wants-to-keep-big-boys-out-of-marijuana-industry-and-says-legalization-bill-is-passable/
Definitely buying opportunity... I figure Charlotte's Web will bounce around trade mostly flat until the next earnings report unless major news is released from the Government or the company. Causing a run or a huge price spike...
You see the 2 peaks rejected at a $1.79 there your Double Top and then the breaking of support at a $1.70 going under that support level Bearish pattern.. Definition of a Double Top: double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
DOUBLE TOP BEARISH PATTERN... Bringing the pain... May retest $1.50...
CHAROLETTS Web 3rd Qtr Conference call transcript.. https://seekingalpha.com/article/4469767-charlottes-web-holdings-inc-s-cwbhf-ceo-deanie-elsner-on-q3-2021-results-earnings-call
Piper Sandler Keeps Neutral Rating on Charlotte's Web, Trims TP to US$2, Cuts Ests on US Legislation DelaysMT NEWSWIRES - 22 MINUTES AGO
12:00 PM EST, 11/16/2021 (MT Newswires) -- Charlotte's Web is an early leader in the highly fragmented US CBD market, but Congress' slow movement on passing legislation to classify hemp-derived CBD as a nutritional supplement is delaying the FDA's ability to regulate CBD products, writes Piper Sandler. FDA regulation is Charlotte's Web's key to gaining broader distribution of its products, but it is likely to be at least one to two years until a true regulatory resolution is met. notes analyst Michael Lavery. However, once passed, Lavery believes Charlotte's Web is well positioned to build scale and profitability in the US market. He is trimming 2021E sales from ~$105 million to ~$95 million and 2022E sales from ~$130 million to ~$115 million. Cutting target from $3 to $2. "We believe accelerated growth could still be at least 12 months away." (All in US$).
Maintain Neutral.
Earnings highlights: Gross profit of $15.8 millionstrengthened to 65.5% of revenue compared to $11.5 million, or 52.9% of revenue in Q2-2020, which included inventory provisions of $2.5 million taken in the quarter for expiring product (gross profit before inventory provisions was 64.6%)... https://www.newswire.ca/news-releases/charlotte-s-web-holdings-inc-reports-q2-2021-results-879538455.html
Looks like its headed lower cheapies on deck hoping for a better earnings report next time... Nothing glamorous about this earnings report...
Charlotte's Web Holdings, Down 9.1%, Says Q3 Loss Narrows as Lower Costs Offset Sales Drop..
04:07 PM EST, 11/15/2021 (MT Newswires) -- Charlotte's Web Holdings (CWBHF) , down more than 9% on Monday, said its third-quarter loss narrowed despite lower sales as the hemp-extracts company cut expenses.
The company said it lost US$0.9 million, or US$0.01 per share in the period, compared with a loss of US$6.5 million, or US$0.05, in the third quarter of 2020.
Revenue fell 6% to US$23.7 million, while operating expenses fell 16% to US$23.9 million.
"As the category evolved from early adopters of higher priced CBD oil tinctures to lower priced gummies, topicals and pet products, we adjusted our portfolio offer and expanded presence across new channels. This increased our unit sales and market share across every channel, but reduced total net revenue," chief executive Deanie Elsner said in a release.
Price: 2.4000, Change: -0.2400, Percent Change: -9.09
BRIEF-Charlotte's Web Reports Q3 Net Revenue Of $23.7 Mln Vs. $25.2 MlnREUTERS - 8 MINUTES AGO
Nov 15 (Reuters) - Charlotte's Web Holdings Inc(CWBHF):
* CHARLOTTE'S WEB REPORTS Q3-2021 INCREASED SALES VOLUMES WITH IMPROVED PROFIT AND OPERATING MARGINS
* QTRLY NET REVENUE OF $23.7 MILLION VERSUS. $25.2 MILLION
* QTRLY LOSS PER SHARE $0.01
* Q3 REVENUE VIEW $28.8 MILLION -- REFINITIV IBES DATA Source text for Eikon: Further company coverage
Charlotte's Web," or the "Company"), the market leader in full-spectrum hemp extract products has completed the harvest of its first ever international hemp crop, in Canada. In April of 2021 Charlotte's Web proprietary hemp cultivars were approved for registration on Health Canada's List of Approved Cultivars for outdoor cultivation in Canada. The early flowering and maturing hemp cultivars were uniquely developed to produce high naturally occurring cannabidiol ("CBD") in shorter northern climate growing seasons.. https://www.prnewswire.com/news-releases/charlottes-web-announces-first-international-harvest-with-patented-hemp-cultivars-in-canada-301422284.html
3rd Qtr Earnings Report: Third Quarter 2021 Financial and Operational Highlights
Consolidated revenue was $48.2 million, an increase of 52% year-over-year and 9% sequentially. Gross margin increased to 49% from 43% in Q3 2020. Net loss attributable to Acreage was $12.3 million, an improvement from a loss of $40.5 million in Q3 2020.58.. https://www.globenewswire.com/news-release/2021/11/11/2332177/0/en/Acreage-Holdings-Reports-Third-Quarter-2021-Results.html
Leak of marijuana legalization bill and possible marijuana company acquisition by big tobacco... https://www.marketwatch.com/story/cannabis-stocks-rally-on-talk-of-m-a-and-latest-moves-toward-possible-reform-of-federal-ban-11636396460
Cannabis Stocks Rise on Federal Prospect.. https://www.marketwatch.com/story/cannabis-stocks-rise-on-federal-2021-11-08
Senators’ Defense Bill Amendment Would Legalize Medical Cannabis For Military Veterans... https://www.marijuanamoment.net/senators-defense-bill-amendment-would-legalize-medical-cannabis-for-military-veterans/
Be adding as soon as funds clear... Be Greedy when others fearful...Quote Warren Buffett: once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” This statement is somewhat of a contrarian view on stock markets and relates directly to the price of an asset..
Biden Administration Can Legalize Marijuana Without Waiting For Lawmakers, Congressional Researchers Say... https://www.marijuanamoment.net/biden-administration-can-legalize-marijuana-without-waiting-for-lawmakers-congressional-researchers-say/
Tides may turn in November...
From TD AMERITRADE CWBHF STOCK... Charlotte's Web Holdings Inc met last quarter's earnings estimates. They have met or exceeded estimates in 3 of the last 4 quarters.. It's very easy to see that this is trading way below value....
Next earnings date
11/10/2021
Next earnings estimate range
-$0.05 to -$0.04
Next earnings estimate
-$0.045
Last earnings date
08/12/2021
Last earnings estimate range
-$0.05 to -$0.05
Last earnings actual
-$0.04
ACERAGE HOLDINGS INCREASES CULTIVATION OUTPUT FOURFOLD.. https://finance.yahoo.com/news/acreage-increases-cultivation-output-fourfold-110000597.html
Market leader Charoletts Web in full spectrum hemp extract products today announced the newest addition to its pet product line: https://finance.yahoo.com/news/charlottes-launches-pet-chew-dogs-134900249.html
The BID and ASK is tight very tight....
Your spot on with your point... All one has to do is look at this company on TD ameritrade and it plainly says that this company has met or exceeded revenue for the last 3 Qtrs...
Tides may Beginning to turn... Let's hope so..
Top 10 Mutual Funds Holding Charlotte's Web Holdings Inc... https://money.cnn.com/quote/shareholders/shareholders.html?symb=CWBHF&subView=institutional
Insider have bought over 2.5 million over the last 3 months...Tipranks is very Bullish on CWBHF... https://www.tipranks.com/stocks/tse:cweb/stock-analysis
Yep when Company starts issuing shares to fund operations I'm out i sold... Seen this dog and pony show too many times...