According to the Fool, Charlotte’s Web (OTC:CWBH.F) hemp-based products are federally legal (unlike their cousin, marijuana), and consumers can buy them at more than 21,000 retail locations across the country. Charlotte’s Web also sells products directly to consumers through its website. However, the company’s share price is down more than 60% this year, nowhere near the Horizons Marijuana Life Sciences ETF (OTC:HMLS.F), which is down 8.5%, or the S&P 500, up about 3%.
Although its share price witnesses sharp down this year, Charlotte’s Web has earlier stretched its business to Asia in 2016. After 4-year development, by cooperating with the only designated Asia partner: ENERGY HEMP BIOTECHNOLOGY LIMITED (hereinafter referred to as EHB), its products have received many good feedback from Asian customers.
Recently, the Application Forum of China Hemp Industry 2020 was successfully held in Shanghai on 10th September. Charlotte’s Web’s Asia partner EHB also attended forum and showed Chinese consumers many latest hemp products from Charlotte’s Web, receiving wide attention and discussion from hemp industry.