Charlotte's Web Holdings Inc (CWBHF)

[chesster2010]

supertrades just made my point!

As quoted from article on STNE.
"We can attribute StoneCo stock's poor April performance to two main catalysts. The biggest one was the April 18 news that large Brazilian bank Itau Unibanco Holding SA (NYSE: ITUB) will begin to advance credit card payments to small and medium-sized merchants. Shares of StoneCo dropped like a rock, plunging 23.7% on this day." Then continues..."The secondary catalyst, as I previously wrote, was "the company's announcement of a follow-on offering of 19.5 million shares at $40.50 per share" on April 3."

This is very similar to Charlotte's Web. Insiders selling. And guess what? The competition is heating up. They are not the only game in town.

Here's an article that sums it up.
"Despite being a new market to many consumers, the hemp industry is well established and highly competitive. Leaders such as Charlotte’s Web and CV Sciences (AKA Plus CBD Oil) are publicly traded, but the market remains extremely fragmented with small mom-and-pop shops winning out in their respective locales. The number of competitors is intense and growing."
https://cannabisindustryjournal.com/feature_article/a-marketers-guide-to-cbd-products-in-2019/


And click here for various examples of competition.

https://www.marijuanabreak.com/cbd