Where to Find Fresh Action to Kick Off the New Week (CWBHF, HEMP, ACRGF)

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) is an interesting quandary for investors. This is a CBD pure-play performing at a high level, demonstrating sales of well over $110 million over the past year on better than 50% rev growth. But, even as CBD growth estimates power higher, shares trek sideways. However, relative to other plays in the CBD space, that sideways action is actually a demonstration of relative strength.

All of this comes in the context of the company’s recent announcement of its analytic relationship with Nielson, “the world’s leading market intelligence company”.

According to the release, “Together, Nielsen and Charlotte’s Web will help guide the U.S. retail market for consumer packaged goods (CPG) companies through the evolution of the CBD space. Mirroring the changing tide happening across the U.S. retail and CPG industry, this new relationship marks an open and symbiotic relationship that is forming between the emerging CBD industry and the U.S. retail and manufacturing community.”

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) 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.

The company was formerly known as Stanley Brothers Holdings Inc. and changed its name to Charlotte’s Web Holdings, Inc. in July 2018. The company was incorporated in 2018 and is headquartered in Boulder, Colorado.

We’ve witnessed flat action for the past week. Furthermore, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running 15% above the average volume levels in play in this stock over the longer term.

“This is a game changer for hemp CBD retail analytics,” said Deanie Elsner, CEO of Charlotte’s Web. “As the market leader in CBD, we have an obligation to advance objective data, purchase dynamics and insights that can be leveraged by our retailers in the Food, Drug and Mass channels. Nielsen is a trusted industry leader who was an obvious choice as our analytics partner. They provide unbeatable data and insights which will set the stage for one source of truth for the CBD category.”

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) generated sales of $33.5M, 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 16% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($67.2M against $18.3M).

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Hemp Inc (OTCMKTS:HEMP) shares popped higher on Friday, setting up some more interesting action coming into this week then we have seen from the stock in a while. Framing that action, the company just updated its shareholders on the first phase of processing its high cannabidiol (CBD) hemp crops in Medford, Oregon.

The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 7% in that timeframe.

According to the release, the company has harvested what will be over 85,000 pounds of high CBD hemp flower. Hemp, Inc.’s drying process lends itself to creating its high quality range of “King of Hemp” pre-rolls and high CBD hemp flower. The sheer size and scope of this year’s crop is nothing short of amazing and is expected to be a massive game changer for Hemp, Inc. in terms of anticipated revenue.

Hemp Inc (OTCMKTS:HEMP) produces products made from industrial hemp. The company also offers products and services to the medical and recreational marijuana industries.

It also develops and operates a website providing entertainment and news related to medical marijuana industry. The company was formerly known as Marijuana, Inc. and changed its name to Hemp, Inc. in June 2012. Hemp Inc. was founded in 2008 and is headquartered in Las Vegas, Nevada.

According to its own communications materials, the company’s long-term goal is to be the leader in the industrial hemp industry in America, which is now estimated to be over $500 Million. Hemp, Inc.’s mission is to provide green solutions that help make the world a better place to live.

The company apparently supports products that are eco-friendly, organic, healthy, and solutions that replace many petroleum-based products. In addition, Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, purchased the largest decortication plant in North America, which is located in Spring Hope, North Carolina. The plant is housed in a 70,000 square foot warehouse on 9 acres and is scheduled for completion in the last quarter of 2015.

The company will start producing fiber, loss circulation materials (LCM) and absorbents from kenaf and later from hemp. Initially, Hemp, Inc. will produce a product for drilling rigs called “lost circulation material” (LCM), which is used for maintaining the seals when drilling for water, oil, gas, and any other liquid or gas.

Eventually, the company plans to also produce fiber materials for the paper and fabric industries, and other industries that utilize materials from hemp to make products such as plastics, building materials, health and beauty related products and more.

Hemp, Inc. plans to purchase, acquire and/or joint venture with complimentary companies across various sectors of the hemp industry in an effort to build a portfolio of synergistic businesses in the industrial hemp industry.

“Many people, experts in the industry, have come out to see our grow and we’ve gotten a lot of positive comments. Many have said it’s the best crop in Southern Oregon,” said Bruce Perlowin, CEO of Hemp, Inc. “We expect this to be the largest on-going profit center in Hemp, Inc.’s 10 year history. The results of this harvest are proving to be incredibly promising. Furthermore, our shareholders and potential customers have a unique opportunity to watch the successful roll-out, on a daily basis, of Hemp, Inc.’s pre-rolls and high CBD smokable flower, as it goes through each of the different steps of production.”

Hemp Inc (OTCMKTS:HEMP) generated sales of $490K, 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 -68.6% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($525K against $487K).

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Acreage Holdings Inc (OTCMKTS:ACRGF) is another stock that has been tough on bulls in the patch amid a weed-wide bounce of late, and another that just perhaps found its stride on Friday to close out last week.

To put some flesh on that bone, the company just announced the closing of a series of sale-and-leaseback transactions for the sale of certain properties and facilities from Acreage Holdings to GreenAcreage for an aggregate of approximately $18 million to Acreage Holdings and approximately $23 million overall including payments to a third-party seller.  According to the release, the locations funded and closed today include facilities in Massachusetts, Florida, and Pennsylvania.  Acreage Holdings and GreenAcreage expect to close on additional facilities in Illinois and Connecticut within the next thirty days.

Acreage Holdings Inc (OTCMKTS:ACRGF) is a vertically integrated, multi-state owner of cannabis licenses and assets in U.S. states where either medical and/or adult use of cannabis is legal. With one of the largest geographic footprints of any cannabis companies, it currently owns and/or operates cultivation, processing and dispensary operations. The Company is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.

According to public filings, Acreage is the largest multi-state cannabis operator in the United States in terms of number of states with operating licenses, largest total addressable market, and largest serviceable population.  More recently, Acreage announced a transformative acquisition of Form Factory, which will provide the company with the capabilities to become the cannabis industry’s first and only Consumer Packaged Goods company with a national footprint.

Headquartered in New York City, Acreage Holdings is the largest vertically integrated, multi-state owner of cannabis licenses and assets in U.S. states with respect to number of states with operating licenses, according to public filings.

With operating licenses in 19 states, serving a population of more than 172 million Americans, and an estimated 2022 total addressable market of approximately $14 billion in legal cannabis sales according to Arcview Market Research.  Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.

ACRGF generated sales of $17.7M, 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 37.6% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($84.6M against $20.5M).

“Acreage Holdings took a long, hard look at our portfolio of real estate holdings and made a strategic decision to rationalize our business strategy. We are in the business of bringing to market the best cannabis products possible and making them accessible to as wide an audience of patients and adult use consumers as is viable. Acreage Holdings never intended to be a real estate company, and as the cannabis industry is a capital intensive business, tying up capital that can be deployed elsewhere is not in our shareholders’ best interest. By working closely with GreenAcreage, we will be able to focus on our core competencies, growing the plant, processing it into consumer/medical products and building out a network of retail locations across the country,” said Glen Leibowitz, Chief Financial Officer of Acreage Holdings.

“The proceeds generated from our relationship with GreenAcreage will be utilized to create long-term shareholder value through the buildout of our existing footprint or in our acquisition efforts to further expand our footprint. This is just one tool in our box we are utilizing to access efficient capital, with an eye toward building a leading U.S. cannabis operation.”

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