Charlotte’s Web makes a strong move towards CBD market domination…
No stock, not even the most amazing gainers like Amazon.com Inc., went straight up from its IPO. But a $100 investment back then could be worth a small fortune today.
And certainly, it would be enough to enjoy some of the finer things in life.
The hard part is separating the winners from the duds, and the earlier in the game, the harder it is to do so. The same can be said in the cannabis sector. That’s where we come in.
As Executive Director Don Yocham recently said in his report about Charlotte’s Web Holdings Inc. (OTC: CWBHF), this is a company that has some of the best CBD products on the market, an excellent management team, and an inspiring backstory the world will want to know.
And here at the National Institute for Cannabis Investors, we firmly believe the CBD market is on track to outpace the cannabis market by as much as 15 times!
Many of you recognize the empire Charlotte’s Web is building and many of you have been doubling down on CWBHF.
Charlotte’s Web Vies for CBD Dominance
Charlotte’s Web’s purchase of Abacus Health Products Inc. (OTC: ABAHF) makes it one of the largest CBD corporations in North America.
It’s a strategic move that significantly expands Charlotte’s Web’s footprint.
Abacus has a presence in 12,000 locations and, combined, executives expect the two companies will account for 34.7% of the United States CBD market in the food/drug/mass (mass-market retailer) channel.
“Together we are the most developed CBD company across every channel and segment and positioned to accelerate our growth and extend our market share.” – Charlotte’s Web CEO Deanie Elsner
But here’s the other reason this is such a big move; Charlotte’s Web is expanding during a time when a lot of businesses are temporarily closing their doors or even completely shutting down.
Making an acquisition like this may seem counterintuitive, but it’s a classic power move that should bolster Charlotte’s bottom line significantly over the long-term.
Many cannabis companies are still facing strong headwinds and their valuations are slipping. Companies with cash on hand can make targeted acquisitions that will strengthen and grow operations for pennies on the dollar.
That’s why we really like Charlotte’s Web and the moves it’s making.
NICI Membership subscribers received early access to Charlotte’s Web as well as many other incredible cannabis opportunities. Learn how you can take advantage of this same early access by clicking here right now.
20 responses to “Charlotte’s Web Is Now One of the Largest CBD Companies in North America”
March 30 2020