Why Charlotte's Web Holdings Stock Jumped Today

Shares of Charlotte's Web Holdings (OTC: CWBHF) were jumping 6.9% higher as of 3:11 p.m. EDT on Friday. The CBD leader didn't announce any news. The most likely factor behind the solid gain was investors' rising confidence in Charlotte's Web's second-quarter results, scheduled to be reported on Sept. 14.

There's at least one reason for investors to be cautiously optimistic about Charlotte's Web's Q2 results. Another CBD company, cbdMD, announced record-high net sales in its quarterly update on Wednesday.

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Source Fool.com