RE:RE:RE:RE:looks like we may have finally bottomed out here....I believe CWEB grew their direct to consumer sales quite substantially in the last quarter. Adding their products may or may not help their brand though regarding your Shopify comments, I'm not quite sure what you mean? Consumers don't go on "Shopify" to buy products. Shopify will help you create and host your online shop which CWEB already has. For all we know CWEB is already using Shopify for their DTC sales page.
I'm not happy with the way the stock has performed either. I believe things will turn around in time. The CBD market in the US is saturated and steps to regulate are in the pipeline which will help CWEB tremendously as they will no longer need to compete with the sketchy "CBD" product being sold for a 3rd of the price at every corner store. CWEB's sells a premium product and will continue to do so. I could see them lowering their pricing in the near future to compete and grab a larger portion of the market, but at this time, trying to compete with the others is futile and will hurt their brand.
For now, I would set a stop loss for CWEB.TO after the recent run up at around $3.98 (just below $4.00) CAD because if it breaks this level I could see prices back down in the $3.35 range with an opportunity to buy back in for more shares. Looking for some short-term consoliation with a new lower high at this point. I could see consolidation down to $4.15 or $4.00 after the $4.33 close today. If it holds $4.00 look for a bounce back up and hopfully over $4.40 (high today).
Cheers,
Anti