Feb 13, 2020 (Stock Market Press via COMTEX) -- The CBD market is seen by experts as underserved, ready for exponential growth, and channeling to consumers who want to try CBD product in the future. It reflects a still young market ready to explode in sales. Some research projects a 125% YOY rate of growth over the next five years -- but globally it may exceed that. The CBD market may be underserved and primed for growth, a positive outlook for companies such as CBD Unlimited, Inc. (OTC PINK: EDXC)
The CBD market is expanding so quickly and drawn such intense interest that media companies such as stockmarketpress.com features specialized coverage of CBD related stocks such as CBD Unlimited, Inc. (OTC PINK: EDXC), 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) (TSX: ACB), Supreme Cannabis Co. (OTC:SPRWF) and OrganiGram Holdings Inc. (NASDAQ: OGI).
CBD Market May Be Underserved And Primed For Growth, A Positive Outlook For Companies Such As CBD Unlimited, Inc. (OTC PINK: EDXC)
Domestically, CBD is spreading as a medical facilitator as well as a recreational adult use product. As it has gone mainstream it is being seen more regularly in fine department stores, specialty shops and its sales are promoted online and social media sites. So despite the research, no one really knows how large tis market can be because no one foresaw its widespread acceptance. Who could have imagined its role as a wellness and skincare basic, a beauty accessory and a must have for travelers.
CBD Market May Be Underserved, And That's Great News For Companies Such As CBD Unlimited, Inc. (OTC PINK: EDXC
Profit margin hungry retailers online and brick-and-mortar alike are placing CBD product on shelves and in ads. Consumers want to know more -- witness the 6.4 million monthly Google inquiries about CBD, according to U.S. News & World Report.
The U.S. hemp-derived CBD market is estimated to jump from an estimated $5 billion market today by research firm the Brightfield Group to $24 billion by 2023. As the market expands worldwide, the CBD market is in uncharted territory. Domestically, it is growing, going mainstream and available on an increasing number of mass market shelves. CBD Unlimited, Inc. (otc pink:EDXC) exceeded its goals for 2019 and placed product on greater than 5,000+ mass market shelves, including pharmacies. As consumers saw CBD brand in more locations -- mass market and fine stores in malls -- they are curious about its use. First, they want to try it in skincare and beauty. Then they may progress to foods, drinks and perhaps even CBD for their pets. CBD market may be underserved and primed for growth, a positive outlook for companies such as CBD Unlimited, Inc. (OTC PINK: EDXC)
CBD Unlimited, Inc. (otc pink:EDXC) Opportunity
As it adopts an omni-channel focus, CBD Unlimited, Inc. (OTC PINK: EDXC) is aggressively pursuing more market share in a young and quick-growing marketplace. By adopting a seed-to-shelf strategy, the company is controlling the high quality of its hemp sourced CBD products. CBD market may be underserved and primed for growth, a positive outlook for companies such as CBD Unlimited, Inc. (OTC PINK: EDXC). For CBD market growth may be greater than projections for it already show because it is in an unproven sector showing fast growth.
Source: Stock Market Press
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