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Charlotte’s Web Holdings’ Returns Compared to Its Peers’

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Charlotte’s Web Holdings

The cannabis space has seen a lot of investor interest over the last few quarters. We’ve also seen some new listings in the cannabis sector. Looking at the YTD (year-to-date) price action, Charlotte’s Web Holdings (CWBHF) has seen an upwards price action of 37.7%. Green Organic Dutchman Holdings (TGOD), Village Farms International (VFF), and Emerald Health Therapeutics (EMH) have gained 67.9%, 305%, and 29.3%, respectively. The Horizons Marijuana Life Sciences ETF (HMMJ) has gained 39.7% YTD, while the ETFMF Alternate Harvest ETF (MJ) has risen 33.2%.

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Analysts’ ratings

Charlotte’s Web Holdings has received a “strong buy” rating from two analysts, while five analysts polled by Thomson Reuters rated the stock as a “buy” or an equivalent rating. Charlotte’s Web Holdings has received a mean consensus target price of 32.27 Canadian dollars, which represents a potential upside of 54.4% over its closing prices on May 20. Green Organic Dutchman Holdings and Cresco Labs (CRLBF) are trading 65.0% and 29.1%, respectively, below their target prices.

First-quarter earnings

Charlotte’s Web Holdings is scheduled to release its first-quarter earnings on May 28. Earlier this month, Charlotte’s Web Holdings released its preliminary results. The company expects to post revenues of $21 million–$22 million in the first quarter compared to revenues of $21.5 million in the fourth quarter and $13.5 million in the first quarter of 2018. Charlotte’s Web Holdings’ net income is expected to be $2.0 million–$2.5 million in the first quarter. The company is among a few cannabis players that are posting a positive net income.

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