{"id":42088,"date":"2019-08-14T08:38:42","date_gmt":"2019-08-14T12:38:42","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=42088"},"modified":"2019-12-13T08:05:02","modified_gmt":"2019-12-13T13:05:02","slug":"charlottes-web-holdings-inc-otcmktscwbhf-climbing-the-cannabis-ladder","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/charlottes-web-holdings-inc-otcmktscwbhf-climbing-the-cannabis-ladder-42088","title":{"rendered":"Charlotte&#8217;s Web Holdings Inc. (OTCMKTS:CWBHF) Climbing The Cannabis Ladder"},"content":{"rendered":"<p><strong>Charlotte&#8217;s Web Holdings Inc. (OTCMKTS:CWBHF)<\/strong> stock has been on fire and showing no signs of slowing down.\u00a0Since June, the stock has rallied by more than 80% as positive price action signal strengthening market sentiment. The spike has coincided with an uptick in trading volume signaling renewed investor interests.<\/p>\n<h2><strong>Enhancing Hemp Production<\/strong><\/h2>\n<p>Price action indicates that the stock could be on its way back to 52-week highs of $25.25. Pullbacks from higher highs have so far acted as buy opportunity from where buyers have come in and continued to push the stock higher. \u00a0\u00a0Above the $20 mark, Charlotte\u2019s Web looks set to make a run for the $24 mark, a crucial resistance level.<\/p>\n<p>A 187% increase in Hemp acres planted is one of the development that continues to strengthen investor confidence on Charlotte\u2019s Web.\u00a0As it stands, the company is well-positioned to be a market leader in Hemp CBD, which explains the love it continues to receive in the market.<\/p>\n<p>According to the Chief Executive Officer, Deanie Elsner, strong demand for Hemp products is one of the factors guiding increased Hemp production. With tens of thousands of Americans, relying on the company\u2019s products, it is safe to say that Charlotte&#8217;s web is on its way to generating significant returns.<\/p>\n<p>Similarly, Charlotte\u2019s Web is in the process of expanding its hemp cultivation production and distribution operations. The company is fresh from signing a lease for a 136, 610 square foot industrial building in Colorado, poised to support the expansion drive.<\/p>\n<p>\u201cThis is a time of rapid growth and transformation for Charlotte&#8217;s Web, and these new facilities are necessary to support the production, warehousing and distribution of our growing product lines and volumes,&#8221; <a href=\"https:\/\/ca.finance.yahoo.com\/news\/charlottes-announces-137-000-sf-100500629.html\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a>\u00a0Stephen Lerner, Chief Operating Officer at Charlotte&#8217;s Web.<\/p>\n<h2><strong>Kroger Deal<\/strong><\/h2>\n<p>In addition to ramping up Hemp production, Charlotte\u2019s Web is also increasingly exploring new ways of strengthening its sales channels.\u00a0The company is fresh from inking a\u00a0strategic partnership with Kroger\u00a0Co\u00a0that is opened to carrying the company\u2019s products in 1, 350 stores across 22 states in the U.S \u00a0A deal with Kroger marks an important milestone in Charlotte\u2019s Web\u00a0push to strengthen its distribution network in pursuit of\u00a0revenues.<\/p>\n<p>Improved Hemp production capacity, as well as enhanced distribution network, is one of the reasons why Charlotte Web is flying high. The stock looks set to continue edging higher as investors take note of the solid fundamentals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charlotte&#8217;s Web Holdings Inc. (OTCMKTS:CWBHF) stock has been on fire and showing no signs of slowing down.\u00a0Since June, the stock has rallied by more than [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":42089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12418],"tags":[13495,13873,13874],"stock_ticker":[13745],"class_list":["post-42088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cannabis","tag-charlottes-web-holdings-inc-otcmktscwbhf","tag-charlottes-web-holdings-inc","tag-otcmktscwbhf","stock_ticker-cwbhf-otcmkts","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Charlotte&#039;s Web Holdings Inc. 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(OTCMKTS:CWBHF) stock has been on fire and showing no signs of slowing down.\u00a0Since June, the stock has rallied by more than [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/charlottes-web-holdings-inc-otcmktscwbhf-climbing-the-cannabis-ladder-42088\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-14T12:38:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-13T13:05:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/08\/Charlottes-Web-Holdings.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/charlottes-web-holdings-inc-otcmktscwbhf-climbing-the-cannabis-ladder-42088#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/charlottes-web-holdings-inc-otcmktscwbhf-climbing-the-cannabis-ladder-42088\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Charlotte&#8217;s Web Holdings Inc. 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