Cannabis Market Is Newly Forming And CBD Unlimited, Inc. (OTC PINK: EDXC) Is Soaring
The market of adult use recreational cannabis is in its earliest stages of formation, creating a fast-growth market with companies like CBD Unlimited, Inc. (OTC PINK: EDXC) booming. States such as Illinois, Nevada and California have legalized it and consumer demand is greater at times than supply. Media outlets such as StockMarketPress.com analyzes cannabis market growth and demand providing readers with insight into this trend line.
Companies in the quick-growing cannabis market include New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT)), Supreme Cannabis Co. (OTC: SPRWF), and Canopy Growth Corp. (NYSE: CGC).
CBD Unlimited, Inc. (OTC PINK: EDXC) soars in newly forming cannabis market
As cannabis is made legal in a greater number of in key U.S.states, companies are increasing revenues. CBD Unlimited, Inc. (OTC PINK: EDXC) soars in newly forming cannabis market by adopting a wide range of marketing strategies. They include online sales through social media, placement in greater than 5,000 brick-and-mortar retail stores and pharmacies, and even self-serve high technology kiosks located in sites such as wellness centers. The company’s products can also be found in convenience stores and bodegas — visited frequently by consumers.
CBD Unlimited, Inc. (OTC PINK: EDXC) soars in newly forming cannabis market also because media and stock exchange media raise its profile. The Cave Creek, Arizona-based company’s CEO, Todd Davis, will raise the firm’s profile when he is interviewed at the Nasdaq MarketSite in Times Square, New York City, on Wednesday, February 5, 2020. Davis will discuss CBD Unlimited’s achievements in 2019 and its plans for 2020. Once recorded, the interview will be released to the public.
88% Sales Growth For CBD Unlimited, Inc. (OTC PINK: EDXC)
The company reported an 88% growth rate for 2019, the year ended December 31, 2019, over the prior year. Last year it also finalized the deal to collaborate with First Foods Group, Inc., on producing hemp based CBD food products. Further, it completed audits for fiscal years 2017 and 2018, a requirement to be up listed to the NASDAQ trading exchange. As a result, CBD Unlimited, Inc. (OTC PINK: EDXC) soars in newly forming cannabis market
The company is focused on developing and marketing all-natural CBD products such as oils, topicals, hemp-derived consumables, capsules and pet CBD infused products. Pain relief and therapeutics are the goal of its lines of products. In the interview, CEO Davis will discuss his company’s products, the market and future plans.
“2019 proved to be a tremendous year for our Company and we look forward to updating our audience on several new initiatives,” Davis said. He plans to share CBD Unlimited, Inc.’s most recent developments in term of new product lines and marketing strategies.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) Financials
Neptune Wellness Solutions Inc. will announce its Q3 before financial markets open on February 13, 2020, the company announced. It also announced earnings call details for 8:30 a.m. EST the same day.
New Age Beverages Corp. (NASDAQ: NBEV) Jenner Spikes Stock
When Kendall Jenner told E! that the day starts with a drink of New Age Beverages Brand Kusmi Detox Tea NBEV shares jumped, spiking as much as 38% in trading last week.
Supreme Cannabis Co. (OTC: SPRWF) Earnings Announcement
Supreme Cannabis Co. has announced that it will provide its Q2 financial results on February 13 after markets close. The figures will be for the three months ended December 31, 2019. SPRWF holds a diversified portfolio of distinct cannabis brands, companies and products.
GW Pharmaceuticals PLC (NASDAQ: GWPH) Releases Results
The company has announced sales of some $108 million for Q4 and $309 million for the full year 2019. Preliminary figures had shown that its CBD drug Epidiolex exceeded fourth quarter estimates, leading to brief run up on the stock. The company says it t is a world leader in the science, development and commercialization of cannabinoid (CBD) prescription medicines.
Source: Stock Market Press
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