After a Record Q4, Is Now the Time to Buy Charlotte's Web?
The past year has been tough for Charlotte's Web (OTC: CWBHF) investors. The stock has risen by 2% as the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) has soared by just about 80%. Part of the reason for the company's weak stock performance is that its growth numbers have been lackluster, at best. Investors have instead been gravitating to higher-growth businesses that sell non-hemp cannabis products, which could benefit from the growing number of states legalizing marijuana for recreational use.
Has this left Charlotte's Web undervalued, creating an opportunity for investors? And with Charlotte's Web coming off a record performance in its most recently reported quarter, is its stock due for a rally?
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Source Fool.com
