Charlotte's Web Holdings, Inc. (CWEB), a provider of full spectrum hemp extract products, that saw its stock fall 2.6% and nearer to 52 week lows yesterday, said Thursday it is expanding its retail distribution in California following passage of Assembly Bill 45 (AB 45) on Oct 6. The law formally permits retail sale of products containing hemp-derived cannabidiol (CBD), including dietary supplements, topicals, over-the-counter and pet products.
Following AB 45's passage, Charlotte's Web expects California retailers to expand or begin receiving product shipments from the company.
Buy @ CAD 1.51
Target : CAD .4.20
Support Level 1 : CAD 4.20
Support Level 2 : CAD 3.16
Resistance 1 : CAD 1. 74
Resistance 2 : CAD 1.35
**Disclaimer - not financial advice, please trade with caution and on your own risk. This prediction Based on My Dreams.
I would appreciate your feedback on my analysis. Do not view this idea as a recommendation for trading or investing.
Following AB 45's passage, Charlotte's Web expects California retailers to expand or begin receiving product shipments from the company.
Buy @ CAD 1.51
Target : CAD .4.20
Support Level 1 : CAD 4.20
Support Level 2 : CAD 3.16
Resistance 1 : CAD 1. 74
Resistance 2 : CAD 1.35
**Disclaimer - not financial advice, please trade with caution and on your own risk. This prediction Based on My Dreams.
I would appreciate your feedback on my analysis. Do not view this idea as a recommendation for trading or investing.
Targets : CAD 4.20
Resistance 2 : CAD 4.20
Resistance 1 : CAD 3.16
Support Level 1 : CAD 1.74
Support Level 2 : CAD 1.35