Charlotte's Web: The Bloom Is Off The Ros


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Summary

The bloom is off the CBD rose.

Market leader Charlotte’s Web saw revenue decline in the fourth quarter and is forecasting a further decline.

The company hopes the purchase of Abacus Health Products will aid their topical CBD business.

Revenue growth forecasts of 10-20% will make near-term profitability almost impossible.

Charlotte’s Web looks fully-valued at its current price, and I will invest my cannabis dollars elsewhere.

Source: Author based on company filings.

Overview

Charlotte’s Web (OTCQX:CWBHF) (“CWEB”) is the largest and most valuable cannabidiol (“CBD”) company. Their brand is likely the best-known CBD brand, and their products tend to

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