Can Charlotte's Web Stock Bounce Back in 2021?
The cannabis industry is full of growth opportunities. It has not been uncommon to see multistate operators doubling their sales from one year to the next. But one company in the space that has been struggling to generate much growth is cannabidiol-focused Charlotte's Web (OTC: CWBHF). Due to stagnant sales numbers and a lack of profitability, its stock is down 37% this year, in contrast to the sector benchmark Horizons Marijuana Life Sciences ETF, which is down by around 3%.
Although the cannabidiol (CBD) stock looks like it might be a bargain, investors need to consider many factors before deciding whether or not it's worth it to take a chance on Charlotte's Web. Below, I'll take a look at why the business is struggling, what it needs to do to have a better year in 2021, and whether the share price is likely to bounce back anytime soon.
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Source Fool.com
