Apr 06, 2020 (Stock Market Press via COMTEX) -- In a NASDAQ MarketSite interview with reporter Jane King, CBD Unlimited, Inc.'s (OTC PINK: EDXC) Todd Davis, CEO, today (April 6, 2020) announced that the company has developed a revamped e-commerce platform enabling customers, new and existing, to establish and manage their online subscription accounts for timeframes from 30 days-180 days. The site also features a zip code-driven store locator. He sees an "extreme hike" in e-commerce sales and also sees more support for the company's accelerating in-store placement count. The interview may be seen and heard on YouTube .
The CBD market has drawn intense interest from media companies. 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 Unlimited, Inc. (OTC PINK: EDXC) Debuts Revamped E-Commerce Sales Platform, Plans Rebrand Of Topical Line
Davis said the new e-commerce platform from CBD Unlimited, Inc. (OTC PINK: EDXC) is designed to gain more sales and confidence of new and existing buyers of its products. He said, "We've now set up an e-commerce platform where new buyers and existing buyers can get into a subscription model, can choose the time frame they want to get into (such as 30-180 days). They can manage their own subscription model. We can be more aggressive in our advertising, we can cast a bigger net and bring in much more."
'Extreme Hike' In E-Commerce Sales Forecast
Davis eyes a formula where the company's activities on social media now funnels back into the e-commerce platform. He said, "We now forecast an 'extreme hike' in our e-commerce platform and that e-commerce platform will in turn support the store count." The new e-commerce platform has a store locator for the company as it expands placement across the U.S. Davis said, "You can just punch in your zip code and it tells you what stores carry our product right there next to you. Or you can order online." CBD Unlimited, Inc. (OTC PINK: EDXC) Debuts Revamped E-Commerce Sales Platform, Plans Rebrand Of Topical Line.
Often, brick-and-mortar placement on the shelf drives online sales in several classifications -- and the other way around. Consumers may see a product online, then buy it off the shelf. The increasing store count and online e-commerce product profile of CBD Unlimited, Inc. (OTC PINK: EDXC) can drive sales for each other. The company reached 5,600 shelves at the end of last year and projects that it is on track to hit its new year-end goal of 20,000 shelves two-five months early this year. The company also announced today it hit sales of $1+ Million in Q2 this year, the three months ending March 31.
Line Rebranding Planned For July 1
Davis also announced in the interview available on YouTube today that CBD Unlimited, Inc. (OTC PINK: EDXC) is rebranding a topical line that will launch on July 1. Davis said, "We now have 10 SKUs in the topical space. We have our premium line, super premium line and our value line -- for different types of stores to meet the needs of their customer base. We are doing a rebrand that will launch July 1. We'll introduce that into the market at around the June 1 time frame. Our new packaging gives a message to what the brand is all about." CBD Unlimited, Inc. (OTC PINK: EDXC) Debuts Revamped E-Commerce Sales Platform, Plans Rebrand Of Topical Line.
CBD Unlimited (otc pink:EDXC) 101% Annual Sales Increase
CBD Unlimited (otc pink:EDXC) had a significant growth performance in 2019, he said in the initial NASDAQ interview. It reported a 101% annual increase in revenues and surpassed its goal of placement in 5,000 stores by three months, it said. It added that it is on track to continue its upward growth trajectory and surpass year-over-year guidance and goals.
CBD Unlimited's (otc pink:EDXC) International Growth
In the updated NASDAQ interview conducted from a remote location, Davis talked about the company's international growth. He detailed CBD Unlimited's (otc pink:EDXC) role particularly in Guam, a small location that is a destination for vacationers.
CBD Unlimited (otc pink:EDXC) develops and distributes all-natural CBD products derived from hemp. Its portfolio of products includes oils, capsules, topical and pet products. Phyto-Bites are soft chews for animal use designed to reduce inflammation, pain and separation-anxiety. It also has CBD products formulated for humans. The company's CBD hemp product has premium genetics and superior quality. The extracts in its products are rich in phyto-cannabinoids and terpenoids that are non-psychoactive.
CBD Unlimited, Inc. (OTC PINK: EDXC) ensures that its CBD product is monitored every step of the way: from U.S. hemp growing, processing and marketing. The consumer can be confident of the brand and investors in the company can be assured of its attention to controlling product quality, producing CBD products from hemp sourced and grown in Colorado and Kentucky under USDA and state regulations.
Source: Stock Market Press
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