Charlotte’s Web (OTCMKTS:CWBHF) Shares Down 5% – Here’s What Happened

Shares of Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) fell 5% during trading on Wednesday . The stock traded as low as $0.2265 and last traded at $0.2282. 158,641 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 606,031 shares. The stock had previously closed at $0.2401.

Charlotte’s Web Stock Performance

The business has a 50-day moving average price of $0.34 and a two-hundred day moving average price of $0.51.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc is a producer and distributor of hemp-derived wellness products, operating under the Charlotte’s Web brand name. The company specializes in full-spectrum cannabidiol (CBD) formulations sourced from proprietary hemp genetics and manufactured at its vertically integrated processing facilities in Colorado. Its product suite encompasses CBD oils, capsules, gummies, topicals and pet-specific formulations designed to support general well-being.

Originally founded in 2013 by the Stanley Brothers in Boulder, Colorado, Charlotte’s Web pioneered the consumer CBD market with an emphasis on quality, consistency and transparency.