Founders of Charlotte’s Web Call for a Board of Directors Change - Nothingbuthemp
The Stanley brothers are unhappy with the current state of affairs at the company they founded and are bidding for a return to right the company ship. The dramatic fallout in the CBD industry continues to wreak havoc on the once darling sure bet companies comprising the hemp-based market sector. Chief among those organizations experiencing the corporate and fiscal pain of that continued downward spiral is Charlotte's Web Holdings, based in Denver, Colorado. CW's founders, brothers Joel and Jesse Stanley, were riding high as they took their company public on the Toronto Stock Exchange and the OTCQX Venture Market in the United States in September 2018. However, since then, CW's stock price has plummeted from an all-time high of $21.90 on April 1, 2019, to its current value of only $0.2196 (about 22 cents) as of June 12, 2023. That catastrophic collapse in valuation has prompted the brothers to take action. According to multiple news outlets , the Stanley brothers are call...