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CWEB - Charlotte's Web Holdings Inc News Story

C$6.1 0.0  0.7%

Last Trade - 15/01/21

Sector
Healthcare
Size
Mid Cap
Market Cap £490.1m
Enterprise Value £468.8m
Revenue £67.1m
Position in Universe 302nd / 2680

BUZZ-High and rising higher? THC-linked pot stocks outperform sober cousin

Mon 12th October, 2020 5:04pm
** Pot stocks linked to the high-inducing compound Tetrahydrocannabinol (THC) have surged higher in 2020 when compared to stocks in the non-psychoactive CBD-related businesses, advisory firm Viridian Capital Advisors says in a note ** Viridian says THC stocks, like Curaleaf Holdings CURA.CD , Green Thumb Industries GTII.CD and Cresco Labs CL.CD , have recorded a YTD gain of ~20%, while CBD shares, in stark contrast, is showing a YTD loss of ~35% ** Larger U.S. THC companies have thrived due to increased revenues, greater profitability and stand to benefit further from upcoming U.S. election - Viridian urn:newsml:reuters.com:*:nL4N2GZ3JR ** The venture capital fund also notes larger cap THC stocks have better trading volume and liquidity than CBD counterparts, attracting investors ** Unlike THC, hemp-derived CBD is federally legal but has been plagued by excess production, brand proliferation and pricing declines - Viridian ** CBD, a derivative of the cannabis plant, is believed to ease anxiety and other ills without the high of its close cousin, marijuana ** Charlotte's Web Holdings CWEB.TO , Neptune Wellness Solutions NEPT.TO , CV Sciences CVSI.PK are among the CBD stocks included in the report <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ HC-linked pot stocks outperform https://tmsnrt.rs/3lE6AKR ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Shradha Singh in Bengaluru) ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780 Ext: 2804, outside U.S. +91 80 6182 2630;))
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