Why Charlotte's Web Holdings Blasted Higher Today

Charlotte's Web Holdings (OTC: CWBHF) isn't exactly a stock that experiences frequent price pops. So it was a bit of a surprise when the cannabidiol (CBD) specialist soared to close nearly 18% higher on the day. It seems that a move by a peer company might have been behind that upward trajectory.

On Monday, concurrent with announcing its latest quarterly results, top multistate operator Curaleaf (OTC: CURLF) announced a new acquisition.

Image source: Getty Images.

Continue reading

Source Fool.com