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