Jan 21, 2020 (Stock Market Press via COMTEX) -- Investors are facing CBD stock growth in a surging multi-channel industry domestically and internationally in hemp-derived CBD food and beverages, pet CBD consumers market, international expansion and success in a seed-to-store structure that provides vertical integration.
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. Brightfield Group also predicts the pet CBD market will explode from almost $500 million today to $1.7 billion by 2023. One small stock, CBD Unlimited, Inc. (OTC PINK: EDXC), in that fast-paced environment is poised to outpace the market by projecting revenue expansion of 145% year-over-year growth over the next five years, plus maintaining a strong gross margin, management said in its December 2019 Investor Presentation .
Believing the CBD market is undeserved today, CBD Unlimited, Inc. (OTC PINK: EDXC) sees opportunity for its portfolio of oils, topicals, edibles and capsules in the most popular CBD categories. It has experienced success in growing online, in mass market retailers and pharmacies as well as specialty outlets, such as bodegas. International is also a growing opportunity in CBD, it said.
Tickers: CBD Unlimited, Inc. (OTC PINK: EDXC),), Aurora Cannabis Inc. ( NYSE:ACB ) ( TSX: ACB ), Supreme Cannabis Co. /zigman2/quotes/203819708/delayed SPRWF -6.82% ,, The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NYSE: CGC).
CBD stock growth is projected to 145% year-over-year pace by CBD Unlimited, Inc., as it targets penetration of several categories such as hemp derived consumables, food & beverage, hemp derive pet foods through online social media and mass market retailers and pharmacies.
New York, NY, January 21, 2020 -- Stock Market Press is a leading financial news company that delivers up to date news. News on the wires today includes how (OTC PINK: EDXC) has reported an 88% year-over-year increase in its revenues for the year ended December 2019. In addition we talk about Aurora Cannabis, Inc. ( NYSE:ACB ), ( TSX: ACB ), Supreme Cannabis Co. /zigman2/quotes/203819708/delayed SPRWF -6.82% , The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NYSE: CGC).
CBD Stock Growth
CBD Unlimited, Inc. (OTC PINK: EDXC) is positioned to excel in CBD stock growth and demonstrate growth in multiple channels internationally in a seed-to-store structure that far outpaces that projection. In its December 2019 Investor Presentation , CBD Unlimited detailed its targeting of several CBD markets in the future. These include hemp-derived CBD consumables, food & beverages, pet hemp derived CBD being sold through social media platforms online as well as international markets, more than 5,000 mass market retailers and pharmacies plus market penetration in pet, beauty and wellness locations.
CBD Unlimited, Inc. (OTC PINK: EDXC), Cave Creek, Arizona-based, has reported an 88% increase in annualized sales from the 12 months ended December 2019 versus the prior year. But the CBD products company scored several achievements during the recent period. It exceeded its goal of placing product in some 5,000 retail mass retailers and pharmacies, it announced. It also finalized the deal to collaborate with First Foods Group, Inc., on producing hemp based CBD food products. Domestically, it also has been able to install in 1,500 stores in ten states its New Premium Blue Line BalmX and MistX.
One other achievement it made in 2019 was an audit of its financial statements for its fiscal years 2017 and 2018. CBD Unlimited, Inc. (OTC PINK: EDXC) requires that audit prior as part of its requirements for an up-listing to a higher OTC market tier.
With its eyes on growth overseas, (OTC PINK: EDXC) has been cleared to distribute in Puerto Rico and South Africa. The company presentation said it was in negotiations and accelerated registration to expand in the future in Mexico, Argentina, Japan, United Kingdom, South Korea and South Pacific.
E-commerce is key in the CBD industry. Research shows that nearly 70% of sales are made online, CBD Unlimited, Inc. (OTC PINK: EDXC) writes in its corporate presentation. It projects 2020 revenues at some $1.6 million including CBD healthcare and pet accessories.
The CBD stock growth future for CBD Unlimited, Inc. (OTC PINK: EDXC) in 2020 and beyond is also due to an expanded specialty segment of sales growth. In addition to online, this includes bodegas, convenience stores, pet stores, vet offices, health & wellness outlets as well as a new and significant wrinkle in the market: automated kiosks.
CBD Unlimited, Inc. (OTC PINK: EDXC) hosts the Gorilla-Tek
Aurora Cannabis Inc. ( NYSE:ACB ) ( TSX: ACB ) Canadian CBD firm closed at $2.13 on January 17. That was down $0.02 cents from the start of trading that day. Its market cap has been $2.378 b. and the day's range was $2.03-$2.19.
Supreme Cannabis Co. /zigman2/quotes/203819708/delayed SPRWF -6.82% has appointed Colin Moore as interim President and CEO of the company. Moore is the former president of Starbucks Coffee and Supreme Cannabis board member. He succeeds Navdeep Dhaliwal, who has left the company.