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March 24, 2020, 7:21 a.m. EDT

CBD M&A Is Sizzling. Charlotte's Web To Acquire Abacus Health Products; Is CBD Unlimited, Inc., Next?

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Mar 24, 2020 (Stock Market Press via COMTEX) -- Charlotte's Web /zigman2/quotes/212650907/delayed CA:CWEB -8.41% (otcqx:CWBHF), marketer of hemp-derived CBD products, yesterday (March 23, 2020) announced it will acquire Abacus Health Products, Inc.,(CSE:ABCS) (otcqb:ABAHF) a leader in OTC hemp extract topicals, in a stock deal with an implied equity consideration of C$99 Million. A conference call on the transaction will be held this morning, available on Charlotte's Web website. The question for Charlotte's Web is whether there will be more CBD M&A transactions in the near future. Will CBD Unlimited, Inc.,(OTC PINK: EDXC) be next?

The CBD M&A market is sizzling hot. Media firms such as stockmarketpress.com feature coverage of CBD and health-related stocks such as CBD Unlimited, Inc. (OTC PINK: EDXC), Johnson & Johnson (NASDAQ: JNJ), Procter & Gamble /zigman2/quotes/202894679/composite PG -0.12% , Canopy Growth Corp. (NYSE: CGC), New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT). Aurora Cannabis Inc. (NYSE:ACB) and OrganiGram Holdings Inc. (NASDAQ: OGI).

CBD M&A Is Sizzling. Charlotte's Web To Acquire Abacus Health Products; Is CBD Unlimited, Inc., Next?

On consummation, the combined company will have an estimated CBD market share of 35% in the mass market channel of pharmacies, food, drugs and mass merchants. The combined entity will have more than 15,000 unique retail doors and will represent the largest, vertically integrated hemp-derived CBD company. Combined sales of the two companies were $29.1 million in 3Q 2019. CBD M&A is sizzling. Charlotte's Web To Acquire Abacus Health Products; Is CBD Unlimited, Inc., Next?

Topicals A Key Growth Sector, Seen As Largest CBD Segment In 2021

Most important, the combined company will surge in topical -- a CBD segment projected as the quickest growing and largest segment of the CBD industry by 2021., according to research by the Brightfield Group. Abacus markets a proprietary technology in OTC medicinal products with active pharmaceutic ingredients. It also expands Charlotte's Web into the retail skincare segment, an analysis shows. It also expands Charlotte's Web growth in the personal care and beauty classification.

Impressive Market Shares Of The Combined Company

Combined, Charlotte's Web and Abacus have the following CBD market share in food, drug and mass retail: 34.7%. This includes a 23% combined share in food retail, and 43.5% share of drug retail. The combined 15,000 unique retail doors and 16,500 medical and practitioners offers cross-selling opportunities to the two companies, analysis shows.

For Charlotte's Web, CBD M&A Who's Next: CBD Unlimited, Inc. (OTC PINK: EDXC)?

CBD Unlimited, Inc. (OTC PINK: EDXC) is an attractive hemp-derived CBD performer. The company ensures its CBD products are highest quality, American-manufactured and tightly controlled by a corporate seed-to-shelf manufacturing strategy. Its hemp is certified and grown in Colorado and Kentucky. It has premium genetics and superior quality, the company said in its recent Corporate Presentation. CBD M&A is sizzling. Charlotte's Web To Acquire Abacus Health Products; Is CBD Unlimited, Inc., Next?

CBD Unlimited, Inc. (OTC PINK: EDXC) Markets Oils, Capsules, Topicals

CBD Unlimited, Inc.'s (otc pink:EDXC) extracts in processing are rich in phyto-cannabinoids and terpenoids which are non-psychoactive. Product is cGMP Certified (Good Manufacturing Practice Certification). It markets CBD Unlimited, Inc. (otc pink:EDXC) markets all-natural CBD products in the form of oils, capsules, topicals and pet soft chew CBD products. The common goal of the line is therapeutic and pain relief for humans and pets, reducing pain, inflammation and separation anxiety.

CBD Unlimited, Inc. (otc pink:EDXC) Growth Of 101% In 2019

The company reported organic growth in 2019 of a 101% annual increase in revenues over the prior year. Todd Davis, CEO and Chairman, said CBD Unlimited, Inc. (OTC PINK: EDXC) is 'on track' to meet its upward growth trajectory and surpass YOY guidance and goals. A reason for that is omni-channel marketing from this company that is innovative and aggressive.

CBD Unlimited, Inc. (OTC PINK: EDXC) Omni-Channel Sales Strategy

To market its CBD product by social media, online, mass market, pharmacies, self-service kiosks and even convenience stores and bodegas, CBD Unlimited, Inc. (OTC PINK: EDXC) has proven itself to be fleet-footed and omni-channel in CBD marketing. Its product is available wherever consumers are. In this crisis, consumer shopping patterns will change and CBD Unlimited, Inc. (OTC PINK: EDXC) is able to change with them. Whether they buy CBD from home online or visit brick-ad-mortar stores, this aggressive marketing CBD company is ready.

Source: Stock Market Press

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COMTEX_363766124/2617/2020-03-24T07:21:02

/zigman2/quotes/212650907/delayed
CA : Canada: Toronto
$ 7.51
-0.69 -8.41%
Volume: 530,262
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$856.08 million
Rev. per Employee
$298,445
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/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 115.92
-0.14 -0.12%
Volume: 7.80M
May 29, 2020 4:00p
P/E Ratio
65.51
Dividend Yield
2.73%
Market Cap
$287.32 billion
Rev. per Employee
$727,304
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