The Tuesday Morning Watchlist: Big Catalysts in Play ( $CWBHF, $CMPY, $CURLF)
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Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) is a name we looked at last week. We noted that it was perhaps the most pure-play name in the CBD space and that it seemed to have a lot of key catalysts potentially lining up a rapidly growing marketplace.

The stock is en fuego this week following its announcement that The Kroger Co., America’s largest grocery retailer, has begun carrying Charlotte’s Web products in multiple states with a plan to roll out to a total of 1,350 store locations in 22 states (Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Montana, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Washington, Wisconsin, and Wyoming).

“Since its founding, Charlotte’s Web has been on a mission to make CBD products available for as many people as possible,” said Deanie Elsner, CEO of Charlotte’s Web. “This distribution reach through Kroger’s market leading network of grocery stores is an enormous contributor to our mission.  We are very appreciative of Kroger and all of our channel partners for the continued progress in expanding access to hemp-based health and wellness products.”

The news will help to solidify the stock’s breakout above its major moving averages, as shown below.

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) generated sales of $28.8M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 1.8% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($92.3M against $20.7M).

The company bills itself as a company that develops and distributes hemp-based cannabidiol (CBD) wellness products. Its products include CBD hemp oils, capsules, topicals, and pet products that feature CBD hemp oil extracts. Charlotte’s Web Holdings, Inc. sells its products online as well as through distributors, and brick and mortar retailers.

 

 

Comepay Inc. (OTCMKTS: CMPY) is another interesting play this week with catalysts driving the action.

 

The company just announced that its Chek-online LLC subsidiary has expanded a lease agreement with Bosch, a global market leader in electronics and engineering, originally announced in December 2018, whereunder Chek-online provides stationary smart terminal units located inside its data centers in Russia.

 

The news is sparking new interest to drive the stock up off its key support level in the $1/share area.

 

The company provides Internet acquiring and support services. The company is involved in facilitating instant payments and internet based payment transactions through mobile interfaces and Web-based applications.

 

In addition, the company leases and sells cash registers and point of sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. It processes approximately 10 million customer payments per month across Russia.

 

The Comepay group of companies including Comepay, RP Systems, M-NN LLC and Chek-online have been operating for over 11 years providing internet acquiring services and support, facilitating instant payments and internet-based payment transactions via mobile interfaces and web-based applications such as electronic wallets.

The Company also leases and sells cash registers and Point of Sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. Combining proprietary software and equipment, Comepay processes over 10 million customer payments per month across Russia. The companies are currently focusing their planned business expansion on the smart POS fiscal cash register system called “Cassatka” in order to help businesses comply with newly released Russian taxation legislation, 54-FZ which requires 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers.

The Cassatka, Comepay’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses.

 

 

 

Curaleaf Holdings Inc (OTCMKTS:CURLF) operates as an integrated medical and wellness cannabis company in the United States.

Shares are on the move higher already this week following news that the company has responded to a letter from the U.S. Food and Drug Administration informing FDA that the Company has addressed the issues that were raised in the letter regarding its CBD product marketing.

According to the release, “upon receiving the letter, Curaleaf Hemp, the Company’s hemp-based CBD product line, immediately began an extensive review of its website and social media platforms to remove all statements that FDA identified as non-compliant. This includes removing the Curaleaf Hemp blog, and the third-party links in it, and removing any statements and social media posts to which FDA had taken exception. Additionally, Curaleaf Hemp advised FDA that a number of the products mentioned in the FDA letter had previously been discontinued. Curaleaf Hemp will continue to work diligently to ensure that information it provides to consumers on its website and social media platforms are fully compliant with FDA requirements.”

The company is a key competitor in the hemp and cannabis marketplace in the US. It operates 30 dispensaries, 12 cultivation sites and 9 processing sites with a focus on highly populated, limited license states, including Florida, Massachusetts, New Jersey and New York.

Curaleaf Holdings Inc (OTCMKTS:CURLF) pulled in sales of $46.9M in its last reported quarterly financials, representing top line growth of 11%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($230.6M against $34.9M).

 

 

 

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