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Why Charlotte's Web Stock Jumped Today

TheMotleyFool

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Shares of cannabidiol (CBD) products supplier Charlotte's Web (OTC: CWBHF) jumped 7% Thursday morning after the company announced its fourth-quarter and full-year 2020 results. The stock pared those gains, but remained up 4.3% as of 12:40 p.m. EDT.

The company said fourth-quarter revenue grew 18% over the year-ago period and 7% over 2020's third quarter. For the full year, revenue increased only slightly, but the company's e-commerce business grew 28%, contributing more than two-thirds of total revenue.

Source Fool.com

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