Apr 08, 2020 (Stock Market Press via COMTEX) -- Todd Davis, CEO of CBD Unlimited, Inc., has performed an important industry breakthrough service by revamping the company's e-commerce website platform by enabling customers to manage their own subscription accounts, giving them more confidence in buying CBD online. Not only does the revamp enable online buyers to set their own time frames for CBD purchases, it gives them another choice: buy brick-and-mortar with a store nearby locator by zip code or buy online and set their own subscription purchases with new timing technology.
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).
Todd Davis, CEO of CBD Unlimited, Inc. (OTC PINK: EDXC), In Breakthrough, Enables Customers To Manage Own E-Commerce Subscription Accounts
In a YouTube video online, Todd Davis of CBD Unlimited, Inc. (OTC PINK: EDXC) explained in a NASDAQ MarketSite interview with reporter Jane King the company's revamped e-commerce platform as letting new and existing customers establish and manage their own customized online subscription accounts for personal timeframes, such as 30 days or 180 days or anything in between. The site also features a zip code-driven store locator. He sees an "extreme hike" in e-commerce sales as a result. See and hear the NASDAQ MarketSite interview on YouTube . Todd Davis, CEO of CBD Unlimited, Inc. (OTC PINK: EDXC), In Breakthrough, Enables Customers To Manage Own E-Commerce Subscription Accounts.
The reason why this is important for CBD Unlimited, Inc. (OTC PINK: EDXC) as well as the industry is it builds confidence in subscription buying of CBD online to consumers who may have suffered less than satisfactory experiences with buying online in the past. It represents a CBD industry breakthrough in gaining the confidence of consumers buying on subscription model e-commerce sites and controlling their own renewals.
Davis said as CBD customers are in a 're-order' pathway, "You want to have a subscription model. E-Commerce is notorious for having fraudulent or mis-characterized subscription agreements where you opt in for something and suddenly you see your credit card hit a lot, monthly, over and over, you can't even remember what you bought. In cooperation with our underwriters, we've now scheduled and set up our entire e-commerce platform where new buyers and existing buyers can buy, they can get into a subscription model, they can choose the timeframe they want to get refills.
"So, if it's every 30 days, fantastic; or if they want to extend it out 60, 90, 180 days, it gives them options. It gives them options to manage their own subscription model. It provides a unique opportunity," he said in the YouTube interview. He added that as a result, CBD Unlimited, Inc. (OTC PINK: EDXC) can be much more aggressive in advertising and cast a wider net to increase its e-commerce sales. "We can have a much smaller footprint on the failure rate where people aren't quite sure what they just bought," he said. Todd Davis, CEO of CBD Unlimited, Inc. (OTC PINK: EDXC), In Breakthrough, Enables Customers To Manage Own E-Commerce Subscription Accounts.
The reformatted e-commerce subscription model is significant because it raises consumer confidence in their own management control over recurring CBD sales. That move not only benefits CBD Unlimited, Inc. (OTC PINK: EDXC), but the entire CBD industry.
As A Result, Davis Now Sees An 'Extreme Hike' In E-Commerce Sales
As a result of this reformatting, 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." Additionally, 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) Announces $1+ Million In Q2 Sales
The company also announced recently it hit sales of $1+ Million in Q2 this year, the three months ending March 31. CBD Unlimited (otc pink:EDXC) had reported significant growth performance in 2019. It reported a 101% annual increase in revenues and 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 Progress Explained In YouTube Interview
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. He explained that CBD Unlimited (otc pink:EDXC) is available to the large number of people who go to Guam on vacation, as well as residents.
The company 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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