Why Charlotte's Web Holdings Stock Popped by 4% Today

Cannabidiol (CBD) products specialist Charlotte's Web Holdings (OTC: CWBHF) delivered some good news from across the ocean today, and investors are impressed. After announcing Monday that it had signed a new distribution deal overseas, the company saw its stock price rise by over 4%, on an otherwise down day for the equity markets. 

With obvious delight, Charlotte's Web announced that it has signed an exclusive product distribution agreement in the U.K. with a British peer, the wonderfully named Savage Cabbage. The two companies have been partners for years, as Savage Cabbage has been the official distributor of Charlotte's Web products since 2016.

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Source Fool.com