The Hemp Products sector consists of companies that produce and sell hemp products.
Hemp has low to minute levels of the psychoactive compound tetrahydrocannabinol (THC) and high concentrations of the non-psychoactive compound cannabidiol (CBD).
As such, CBD is derived from hemp for use in CBD products such as oils and tinctures. Whilst marijuana also offers the same property, its high level of THC renders its use illegal in many jurisdictions.
Hemp is a versatile plant and is also used to make textiles, papers, and biofuel amongst other things.
Companies in the Hemp Products sector include Charlotte’s Web Holdings Inc, Hempco Food and Fiber, and CV Sciences to name a few.
LXX stock is in the green on Wednesday after Lexaria Bioscience (CSE:LXX) (OTCQX:LXRP) announced that it had reached an expanded agreement with Cannadips Cannabis to provide its DehydraTECH drug delivery technology to the cannabis punch …
Charlotte’s Web stock is soaring on Wednesday after a bipartisan coalition of lawmakers introduced a new bill that would allow for CBD to be legally marketed as a dietary supplement—big news indeed for Charlotte’s Web …
Charlotte’s Web stock is dropping today after Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) announced an underwritten public offering in order to raise $66,250,000 CAD to fund business development.
Charlotte’s Web stock is recovering this week on a sudden short covering in the broader cannabis sector. Let’s find out if Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) is poised to sustain the recent rally.
Charlotte’s Web stock is sinking today after Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) posted its third-quarter earnings, which fell short of analysts’ expectations as the market for CBD products becomes increasingly condensed.