Apr 01, 2020 (Stock Market Press via COMTEX) -- Todd Davis, CEO and Chairman of CBD Unlimited, Inc. (OTC PINK: EDXC), illustrates a case in point why the CBD market is changing quick with the mass market playing an important role. Where his company was selling mom-and-pop retailers last year, he's placed his CBD product on more than 5000 shelves and even national pharmacy chain Walgreen's. in an update interview with NASDAQ MarketSite reporter Jane King Davis discussed the company's performance in the 2nd Quarter. Conducted at a remote location, the full interview will be available on April 6, 2020.
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.'s (OTC PINK: EDXC) Todd Davis, CEO, Reads The CBD Market As A Mass Market
M&A activity in the CBD market has been extremely active in the past few months. The most exciting move, experts say, is the acquisition of CBD oral hygiene company Happy Products by brand Colgate Palmolive /zigman2/quotes/200774077/composite CL +2.12% , reinforcing the mass market mainstreaming of the CBD category. CBD Unlimited, Inc.'s (OTC PINK: EDXC) Todd Davis, CEO, reads the CBD market as a mass market.
The trading markets are very interested in where the CBD market is headed. Davis on March 20, prior to the coronavirus-driven lockdown, at an initial interview at NASDAQ MarketSite in New York City, correctly predicted this as a 'shakeout year' and discussed the strength of stronger CBD companies in the competitive landscape for survival. In the earlier interview at Nasdaq MarketSite in Times Square, New York, he described the future of CBD Unlimited, Inc. (OTC PINK: EDXC). CBD Unlimited, Inc.'s (OTC PINK: EDXC) Todd Davis reads the CBD market as a mass market.
CBD Unlimited, Inc.'s (OTC PINK: EDXC) Todd Davis Discusses 2nd Quarter In NASDAQ Update Interview
Now, Davis in a NASDAQ interview update will discuss the company's Q2 performance. he interview will be released on April 6, the company announced. Davis said, "Updating shareholders is critical in these times of uncertainty is critical. The quarter ending March 31 has set new records in a challenging environment and has accelerated its growth initiatives going forward." CBD Unlimited, Inc.'s (OTC PINK: EDXC) Todd Davis, CEO, reads the CBD market as a mass market.
Davis initially discussed the mass market shelf goal of CBD Unlimited, Inc. (OTC PINK: EDXC) and achievement last year of reaching some 5,600 mass market shelves. Long term, he said, the company is seeking to place its CBD product onto some 20,000 retail shelves. CBD Unlimited, Inc.'s (OTC PINK: EDXC)
He said that last year, in 2019, the company had many independent retail customers -- mom and pop outlets. In 2020, he said, the company has grown and placed product on mass market retailer shelves, with a primary customer, Walgreen's. Even before the coronavirus pandemic impacted all sales, he predicted correctly the changes in the CBD landscape this year -- the 'shakeout' of smaller operators -- and the growth of larger players.
Davis of CBD Unlimited, Inc. (OTC PINK: EDXC) correctly saw the future of CBD omni channel marketing and the benefits of marketing to mass merchants as CBD grew into a quick-selling product classification. CBD Unlimited, Inc.'s (OTC PINK: EDXC) Todd Davis Discusses 2nd Quarter In NASDAQ Update Interview.
Davis of CBD Unlimited, Inc. (OTC PINK: EDXC) Documents Growth
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 NASDAQ interview, Davis talked about the company's international growth. He detailed CBD Unlimited's (otc pink:EDXC) role in Puerto Rico, Guam, Jamaica and other future. locations
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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