Feb 03, 2020 (Stock Market Press via COMTEX) -- The CBD industry is planning in 2020 to continue its momentum in part by expanding into foreign markets. Companies such as CBD Unlimited, Inc. (OTC PINK: EDXC) sets international growth as part of its strategy this year. The company is positioned to excel internationally in a seed-to-store structure that is perfect for penetrating several CBD foreign markets in the future, according to its December 2019 Investor Presentation. As CBD grows overseas, more media outlets are reporting on this trend and StockMarketPress.com sees CBD international expansion for the industry .
Companies in the fast-growing CBD market include Supreme Cannabis Company /zigman2/quotes/203819708/delayed SPRWF +12.97% , and Canopy Growth Corp. (NYSE: CGC), New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) and CBD Unlimited, Inc. (OTC PINK: EDXC).
CBD Unlimited, Inc. (OTC PINK: EDXC) Sets International Growth
As CBD Unlimited, Inc. (OTC PINK: EDXC) sets international growth, it is cleared to distribute in Puerto Rico and South Africa and in negotiations to expand in the future in Mexico, Argentina, Japan, United Kingdom, South Korea and South Pacific. CBD is entering legalization domestically and has already done so nationwide in Canada by province.
But for companies such as CBD Unlimited, Inc. (OTC PINK: EDXC) foreign expansion is not not limited to close counties. Management has already begun its plans to grow in Asia and South America. Other CBD companies are seeing opportunities in Europe and the U.S. plus markets in Africa. CBD Unlimited, Inc., has a vertical marketing advantage in that it will market its own product in foreign lands. CBD Unlimited, Inc. (OTC PINK: EDXC) sets international growth expansion in 2020.
Davis Raising Profile
Todd Davis, CEO, is raising the profile of CBD Unlimited, Inc. (OTC PINK: EDXC) with an Investor Presentation and efforts towards a future up listing on a larger stock market exchange. He has already been invited to an interview by the Nasdaq MarketSite in Times Square, New York City, on Wednesday, February 5, 2020. Davis will discuss CBD Unlimited's achievements in 2019 and its plans for 2020 as CBD Unlimited, Inc. (OTC PINK: EDXC) sets international growth. Once recorded, the interview will be released to the public.
CBD Unlimited, Inc. (OTC PINK: EDXC) Reports 88% Gain
CBD Unlimited, Inc. (OTC PINK: EDXC) which has big marketing plans for 2020 will talk about its creative product and marketing plans for this year. It has executed a multi-channel marketing strategy. Davis will discuss the company's products for hemp-derived food consumables, pets, capsules, oils and topicals. The company reported an 88% sales gain in 2019, the year ended December 31, 2019.
New Age Beverages Corp. (NASDAQ: NBEV) Presents At ICR
New Age Beverages Corp.planned to present at the 22nd Annual ICR Conference to investors in Orlando, Florida. The NASDAQ listed company produces healthy products.
Supreme Cannabis Co. Provides 2020 Guidance
Supreme Cannabis Co. has provides guidance for fiscal 2020 for sales of $150 million-$180 million and positive adjusted EBITDA. It also said it would not pursue share consolidation approved at its prior annual general meeting.
GW Pharmaceuticals PLC (NASDAQ: GWPH) Analyst Analysis
Analysts see GW Pharmaceuticals outperforming their own projections and EBITDA estimates. But they have continuing concerns about the health of profitability within the CBD sector. They see GWPH succeed with its CBD drug Epidiolex marketed as a treatment for epilepsy. Analysts are excited about the company's planned growth into the European market in 2020.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) Cash Burn