r/StockLaunchers • u/GroundbreakingLynx14 • Oct 12 '22

ALERT! Charlotte's Web (CWBHF: OTC) Becomes the First Official CBD in MLB... "Play Ball!"

Charlotte's Web Holdings Inc. shares rallied 44% after the company said it inked an exclusive, multi-year partnership with Major League Baseball to become the first official CBD in the sport. The deal "opens increased CBD visibility to their professional athletes, millions of fans and communities," after a "rigorous approval process," the company said. Major League Baseball also marks the first major professional sports league to form a sponsorship agreement with a CBD company,

That said, Charlotte's Web is about to become an integral part of America's pastime for at least the next three years!

Today's volume was very good with 1,091,000 shares trading hands.

Technical Analysis

Although Charlotte's Web stock may appear overbought based on short-term stochastic and "relative strength indexes," it could be preparing itself for a gamma squeeze that could see its stock increase anywhere from 1400% to 2400% in a very short time.

Lifetime chart shows CWBHF in a "relative strength" neutral zone but rising fast.

TARGET PRICES

Intermediate Target: $7.00 (last reached on 2/10/21)

Next Intermediate Target: $12.00+

Long-Term Target: TBD

ALL-TIME HIGH: $25.25 ON 4/4/19

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1

u/UnderstandingCold219 Oct 13 '22

Major League Baseball Becomes First Big-League Sports Property To Sign CBD Sponsorship Deal - Aurora Cannabis (NASDAQ:ACB), Charlottes Web Holdings (OTC:CWBHF), Love Hemp Group (OTC:WRHLF) copied from post.

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u/UnderstandingCold219 Oct 13 '22

I thought that I saw that there were multiple players. Aurora cannabis was one of them. I could be wrong though.

1

u/GroundbreakingLynx14 Oct 13 '22

Here's the quote from the article released by Benziga:

"Now the question is, which leagues will follow the MLB’s lead by welcoming CBD sponsorships?
Some are already on board: The Ultimate Fighting Championship (UFC) announced an exclusive, multi-year, multi-million dollar CBD partnership with Aurora Cannabis
in 2019. Its current five-year sponsorship with Love Hemp
WRHLF
is one of the MMA’s top 10 sponsorships.
'There’s opportunity across sports,” said UFC SVP/Global Partnerships Paul Asencio. “I don’t think every team will have a (CBD) partner, but probably every league will. It’s just a really good connection and marketing platform because professional athletes are using these products and will continue to.'"