Has Charlotte's Web Stock Reached a Bottom?

Has Charlotte's Web Stock Reached a Bottom?

Charlotte's Web (OTC: CWBHF) is having a rough 2020. Not only is it continuing to struggle to grow its sales amid the pandemic, but the Drug Enforcement Agency (DEA) also released interim rules on hemp processing in August, making the stock a riskier investment. Down around 60% this year, shares of Charlotte's Web are underperforming the S&P 500 and its 6% returns thus far.