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Is Charlotte's Web a Buy?

TheMotleyFool

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Back in 2019, after a headline-grabbing IPO, Charlotte's Web Holdings (TSX: CWEB)(OTC: CWBHF) was heralded as a high-flying CBD giant with enormous potential. Fast forward two years, and Charlotte's Web's sales have stagnated, its margins have collapsed, and it is bleeding cash.

The stock is down a whopping 85% from all-time highs two years ago. Is there any hope left for shareholders?

Image source: Getty Images

Source Fool.com

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