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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

Charlotte's Web Is Still Much Of A 'Show Me Story', Analyst Explains Why

Pablo Zuanic

The Analyst

Pablo Zuanic, from Cantor Fitzgerald, provided an update on Charlotte's Web Holdings, Inc. (OTC:CWBHF), a vertically integrated company dedicated to the production and distribution of hemp-based health and wellness products. Zuanic kept a rating of “Neutral” for CWBHF and lowered its 12-month price target to $0.70 from $1.20 on CBD sectoral derating and reduced estimates.

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