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      August 11, 2020
    • Now we’re, where?: Canopy, Drake joint venture not progressing ‘as desired’Now we’re, where?: Canopy, Drake joint venture not progressing ‘as desired’
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    • Strong medical pot sales assist Canopy Development beat Q1 expectationsStrong medical pot sales assist Canopy Development beat Q1 expectations
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    Here’s the Likely Reason Charlotte’s Web Stock Is Crushing It Today

    Here’s the Likely Reason Charlotte’s Web Stock Is Crushing It Today

    Some investors appear to be anticipating good news is on the way next week for the CBD leader. What happened Shares of Charlotte’s Web Holdings (OTC:CWBHF) were skyrocketing 19.8% higher as of 11:24 a.m. EDT on Friday after jumping as much as 33.8% earlier in the day. The CBD products company didn’t announce any news.…

    Some financiers seem preparing for great news is on the way next week for the CBD leader.

    Keith Speights

    What happened

    Shares of Charlotte’s Web Holdings( OTC: CWBHF) were escalating 19.8%greater as of 11: 24 a.m. EDT on Friday after leaping as much as 33.8
    lier in the day.

    So what

    There’s one essential thing to keep in mind with today’s huge jump for Charlotte’s Web.

    CBD oil bottle next to hemp plant

    Image source: Getty Images.

    However, there is at least one reason to think that Charlotte’s Web’s Q4 outcomes might be better than expected.

    Now what

    We will not know how Charlotte’s Web in fact fared in the fourth quarter till next week. However the more vital story for the marijuana stock isn’t what occurred in the past, however instead what might lie ahead.

    Social distancing and quarantines will likely tax Charlotte’s Web’s income and profits in the early part of 2020– as they will for nearly every business that depends upon retail sales. Over the longer term, though, Charlotte’s Web’s monetary results ought to enhance.

    Keith Speights has no position in any of the stocks mentioned. The Motley Fool suggests Charlotte’s Web.”>

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