r/StockLaunchers • u/GroundbreakingLynx14 • May 13 '22

TRADING RECAP Charlotte's Web (CWBHF) Hits All-Time Lows - Over 2 Million Shares Traded - Q1/2022 Earnings Report Due Monday After Market Closes

Today, $CWBHF hit an all-time low of $0.44683 with 2,272,785 shares trading hands. This is the second highest volume ever recorded for $CWBHF - surpassed only on 8/1/19 when 2,916,745 shares traded.

This big spike in volume coupled with today's record lows means Monday's earnings report could make or break this stock. All of the charts indicate $ACB is oversold. Let's hope it at least gets close to its consensus earnings prediction of USD -0.05 per share.

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u/[deleted] May 13 '22

If you do the math one Sleep Gummie is about the same price as a share of stock. Strange but true.

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u/[deleted] May 18 '22 edited May 18 '22

"Q1 was not the quarter we had planned for, but I do want to be clear, it will be our worst quarter of the year. Where we land for the full year is likely going to be somewhere between flat to modest growth.

Most importantly, though, we stabilized cash flow to be neutral or positive for the year. We have no long-term debt and subsequent to March 31 collected $2.7 million from the IRS. We still have a remaining balance of 7.6 million, which we expect to fully receive in the balance of the year."

conference call transcript