Feb 07, 2020 (Stock Market Press via COMTEX) -- CBD companies are aggressive when it comes to expanding into foreign markets. CBD expands into foreign markets for more growth for companies such as CBD Unlimited, Inc. (otc pink:EDXC). Countries such as South Africa, Jamaica and Puerto Rico have been active markets for CBD Unlimited, Inc. and others. Potential future markets include the United Kingdom, Mexico and Japan.
CBD foreign growth is making news. As a result, media companies such as stockmarketpress.com features coverage of CBD related stocks such as CBD Unlimited, Inc. (otc pink:EDXC), Supreme Cannabis Company /zigman2/quotes/203819708/delayed SPRWF -4.34% , Canopy Growth Corp. /zigman2/quotes/200603886/composite CGC -5.83% , New Age Beverages Corp. /zigman2/quotes/200595917/composite NBEV -15.11% , GW Pharmaceuticals PLC /zigman2/quotes/209686240/composite GWPH -2.93% and Neptune Wellness Solutions Inc. /zigman2/quotes/207537677/composite NEPT -12.82% /zigman2/quotes/203840062/delayed CA:NEPT -12.94% .
In other industries, international expansion is daunting. Companies fear foreign cultures, languages and distribution networks. This is not true for the CBD industry. These younger firms are aggressive and successful in sourcing, growing, marketing and selling to retail/wholesale outlets in foreign countries. CBD expands into foreign markets for more growth for companies such as CBD Unlimited, Inc. (otc pink:EDXC).
In its corporate presentation, CBD Unlimited, Inc. (otc pink:EDXC) details its foreign market activity in South Africa, Jamaica and Puerto Rico. It is also in negotiations, the presentation says, in far-flung markets such as Japan, United Kingdom, Mexico and South Korea. This is all in addition to the CBD company's successful growth in the U.S.
CBD expands into foreign markets for more growth for companies such as CBD Unlimited, Inc. (otc pink:EDXC). Other CBD firms have been able to enter CBD markets in Europe, South Africa -- where they source and sell -- plus Canada, an active CBD market.
CBD firms have successfully established foreign subsidiaries that source, market and sell abroad. CBD regulations vary by foreign country, but in general CBD is better accepted in foreign markets than domestic states. CBD expands into foreign markets for more growth for companies such as CBD Unlimited, Inc. (otc pink:EDXC). Overseas revenues can be significant for some CBD companies which can find that they welcome sophisticated arms of American companies that want to sell CBD products in overseas companies.
Source: Stock Market Press
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