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.
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.
While Canada may be leading the field in terms of fully legal cannabis, Europe’s CBD market is quietly setting out its stall for a huge future. Analysts at the Brightfield Group predict the CBD market …
Charlotte’s Web stock is in the red today despite news that Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) is teaming up with iconic artist Shepard Fairey to promote its new “Trust The Earth” campaign.