CBD Dispensaries Ruled Essential And Remain Open In Several States During Coronavirus Outbreak
CBD licensed dispensaries, filling refills of patients, have been ruled essential businesses that remain open in California, Nevada, Michigan and Illinois. CBD is available to residents of these states during the coronavirus crisis. Online sales of CBD, always a dominant percentage of the category’s sales, reaching some 70%, is also available.
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 (NYSE: PG), 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).
CBD Dispensaries Ruled Essential And Remain Open In Several States During Coronavirus Outbreak
While other businesses such as restaurants, casinos, movie theaters and schools have been closed, licensed CBD dispensaries have been ruled urgent businesses and remain open in states such as California, Nevada, Michigan and Illinois. Prior to the shelter-in-place regulations in many states, there had been a jump in CBD sales as consumers panicked that they would not be able to buy product at retail. These states enable patients to buy CBD in licensed dispensaries. CBD dispensaries ruled essential and remain open in several states during the coronavirus outbreak.
Social distancing protocol is still in force at these retailers even as the shops/dispensaries remain open during the coronavirus crisis. The goal is to make product available for consumers, and to offer licensed dispensaries the ability to fill prescriptions. CBD dispensaries ruled essential and remain open in several states during coronavirus outbreak.
CBD Unlimited, Inc.’s (OTC PINK: EDXC) Sees Growth In CBD Future
Even as some mass merchants are closed now and others may not carry CBD, some companies such as CBD Unlimited, Inc. (OTC PINK: EDXC) continue to grow and expand. It is adding to its Board, acquiring industry-related companies and planning to achieve 2020 growth. Omni-Channel CBD marketing is a key strategy when consumers have limited ability to leave their homes and shop for product. CBD sales may be made online on its website, at dispensaries and shops as well as large national mass market and pharmacy chains such as Walgreen’s.
CBD Unlimited, Inc.’s (OTC PINK: EDXC) Is Growing Its Company And Brand
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 especially significant today. Just as they seek personal purification from 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.
They see CBD as a calming agent and look for brands 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.
The coronavirus has seen sales peak for hand sanitizer and health related products from several manufacturers. These include Gojo Industries, Inc., which is privately held and makes Purell; Procter & Gamble (NYSE: PG); 3M (NYSE: MMM); Ecolab (NYSE: ECL), Unilever Group (NYSE: UN) and Johnson & Johnson (NASDAQ: JNJ).
CBD Unlimited, Inc. (OTC PINK: EDXC) Strengthens As It Adds To Board; Acquires Kush, Inc.
CBD Unlimited, Inc. (OTC PINK: EDXC) continues to be aggressive and grow. It recently named to its Board both Peter Governale, a veteran of the wine and spirits industry, and Dr. Daniel S. Brandwein, D.P.M., F.A.C.F.A.S., who is a Florida board certified foot and ankle surgeon. Both are proponents of the benefits of CBD for health and wellness.
CBD Unlimited, Inc., (OTC PINK: EDXC) earlier acquired New York-based marketing and branding company Kush, Inc. Kush builds brands through strategic marketing. It will operate Kush as a new wholly-owned subsidiary. Also, Charlie Mohr, president and founder of Kush, will join a subsidiary of CBD Unlimited full time.
CBD Unlimited, Inc. (OTC PINK: EDXC) is expaning its product lines. The company made the acquisition saying it has seen a global interest in transitioning to natural products. Kush, Inc., owns kushwear.net and supports labels known for manufacturing, selling and distributing hemp-derived material and other bio-products that are sustainable.
CBD Unlimited, Inc. (OTC PINK: EDXC) Reports 101% Annual Increase
The company reported growth in 2019 with a 101% annual increase in revenues over the prior year. Todd Davis, CEO and Chairman, said CBD Unlimited, Inc. (OTC PINK: EDXC) is ‘on track’ to meet its upward growth trajectory and surpass YOY guidance and goals. A reason for that is omni-channel marketing from this company that is innovative and aggressive.
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).
Source: Stock Market Press
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