Shares of Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Free Report) dropped 5% during mid-day trading on Wednesday . The stock traded as low as $0.2265 and last traded at $0.2282. 158,641 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 606,031 shares. The stock had previously closed at $0.2401.
Charlotte’s Web Trading Down 5.0%
The business has a fifty day moving average of $0.34 and a 200 day moving average of $0.51.
About Charlotte’s Web
Charlotte’s Web Holdings, Inc is a producer and distributor of hemp-derived wellness products, operating under the Charlotte’s Web brand name. The company specializes in full-spectrum cannabidiol (CBD) formulations sourced from proprietary hemp genetics and manufactured at its vertically integrated processing facilities in Colorado. Its product suite encompasses CBD oils, capsules, gummies, topicals and pet-specific formulations designed to support general well-being.
Originally founded in 2013 by the Stanley Brothers in Boulder, Colorado, Charlotte’s Web pioneered the consumer CBD market with an emphasis on quality, consistency and transparency.
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