Charlotte’s Web Holdings (OTC: CWBHF) isn’t exactly a stock that experiences frequent price pops. So it was a bit of a surprise when the cannabidiol (CBD) specialist soared to close nearly 18% higher on the day. It seems that a move by a peer company might have been behind that upward trajectory.
On Monday, concurrent with announcing its latest quarterly results, top multistate operator Curaleaf (OTC: CURLF) announced a new acquisition.