Mar 27, 2020 (Stock Market Press via COMTEX) -- The stock market has rallied for a 21% gain in the past three days ended yesterday (March 26, 2020), but CBD has also been red hot in the M&A market as major companies enter the market and the ones already in it buy more. Colgate Palmolive /zigman2/quotes/200774077/composite CL +0.15% is entering the business by buying privately held Hello Products and its CBD-infused line of tooth pastes, mouthwashes and lip balms. PepsiCo /zigman2/quotes/208744353/composite PEP -0.59% is buying Rockstar Energy Drink to cement its place in the functional beverage market. Charlotte's Web /zigman2/quotes/205374221/delayed CWBHF -6.58% , marketer of hemp-derived CBD products, is buying Abacus Health Products /zigman2/quotes/202856776/delayed CA:ABCS -5.96% , a leader in OTC hemp extract topicals. CBD Unlimited, Inc. (otc pink:EDXC) joined the CBD M&A frenzy by buying Kush, Inc.
The global impact of the coronavirus has intensified coverage of companies that market CBD and other health-related products. 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 -0.48% , 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).
Market Rallies 21% Past Three Sessions As CBD Sees Recent Torrent Of M&A Activity
CBD sales jumped online nationally by 230%, according to the Wall Street Journal, prior to the home quarantining. In California, volume rose to a record peak on the day a 'shelter in place' order was mandated by the state government. The stock market has had wild 1,000-point swings almost daily since then. Now CBD sales are hitting records and M&A activity in the business are peaking, too.
CBD Unlimited, Inc. (otc pink:EDXC) Joins The CBD M&A Frenzy By Buying Kush, Inc.
Colgate Palmolive /zigman2/quotes/200774077/composite CL +0.15% sees the opportunity of is entering the business by acquiring Hello Products and its CBD-infused line of tooth pastes, mouthwashes and lip balms. PepsiCo /zigman2/quotes/208744353/composite PEP -0.59% bought Rockstar Energy Drink and Charlotte's Web /zigman2/quotes/205374221/delayed CWBHF -6.58% is buying Abacus Health Products /zigman2/quotes/202856776/delayed CA:ABCS -5.96% , a leader in OTC hemp extract topicals. CBD Unlimited, Inc. (otc pink:EDXC) recently acquired Kush, Inc., a New York based media driven entity that builds brands and also owns kushwear.net. It expands the lines of CBD Unlimited, Inc. (otc pink:EDXC) and positions the company to extend its product pipeline into clothing brands under the Kushwear name, the company said.
It hired Charlie Mohr, president and founder of Kush, Inc., who will now work full time at a new wholly-owned subsidiary of CBD Unlimited, Inc. (otc pink:EDXC). Todd Davis, CEO and chairman of CBD Unlimited, said the company plans to expand its product lines. In 2019, CBD Unlimited, Inc. (otc pink:EDXC) reported a 101% annual increase in revenues over the prior year. Davis said the company is 'on track' to meet its upward growth trajectory and surpass YOY guidance and goals. By retaining Charlie Mohr, CBD Unlimited, Inc. (otc pink:EDXC) recognized the value of his knack for branding lines and maintaining relationships as a successful entrepreneur.
CBD Unlimited, Inc.'s (OTC PINK: EDXC) Omni-Channel Marketing Delivers
As the trading markets swing wildly, consumers have shown their shopping habits have changed in this coronavirus pandemic, Whether consumers want to buy CBD Unlimited, Inc.'s (OTC PINK: EDXC) product online at remote home locations, in pharmacies or in mass market retail locations that remain open, it is widely available -- a key strategy when consumers have limited ability to leave their homes and shop for product. CBD sales may actually be increasing during the coronavirus pandemic as consumers stock up.
CBD Unlimited, Inc. (OTC PINK: EDXC) Makes An In-Demand, High Quality Product
CBD Unlimited, Inc.'s (OTC PINK: EDXC) high quality product, a healthy alternative for home-bound consumers, is important for consumers who see health as significant today. Just as they seek hand sanitizer to prevent coronavirus, they want quality in all foods they ingest. CBD is also seen globally as a product which needs to be top quality and healthy for the body.
Consumers are now buying and sometimes hoarding essentials and top quality products. If they see CBD as a calming agent, they look for brand and companies that offer consistency and pure products. Firms such as CBD Unlimited, Inc. (OTC PINK: EDXC) continue the mission to expand product lines, enter into new classifications and acquire innovative and entrepreneurial companies.
CBD Unlimited, Inc. (otc pink:EDXC) Uses Seed-To-Shelf Strategy To Achieve Quality Control
CBD Unlimited, Inc. (otc pink:EDXC) 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. Its extracts in processing are rich in phyto-cannabinoids and terpenoids which are non-psychoactive. Product is cGMP Certified (Good Manufacturing Practice Certification).
CBD Unlimited, Inc. (otc pink:EDXC) Sees 70% Of CBD Industry Sales Made Online
Consumers want to make sure any products they consume is top quality. CBD Unlimited, Inc.'s (OTC PINK: EDXC) is able to do that with its seed-to-shelf marketing strategy that ensures complete control over the growing, processing and marketing process. Also, some 70% of all CBD sales are made online.Where other in-demand products may be unavailable on the shelf, but some 70% of CBD is sold online where it is available to consumers in abundance.
Source: Stock Market Press
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