Colgate Palmolive Enters CBD Market By Buying Maker Of CBD-Infused Oral Hygiene Products
The CBD industry’s red-hot M&A activity within the past two months has seen several companies acquired, but none is more intriguing than the move by mainstream firm Colgate Palmolive (NYSE: CL) to acquire Hello Products and its line of oral hygiene products — CBD-infused toothpastes, toothbrushes, mouthwashes and lip balms.
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).
Colgate Palmolive Enters CBD Market By Buying Maker Of CBD-Infused Oral Hygiene Products
Colgate Palmolive is a trusted, mainstream and established brand. Its entry into CBD-infused product in the oral hygiene area raises its profile on the shelf. The Hello Products line consists of seven products: three CBD-infused toothpastes, two mouthwashes and two lip balms. The Colgate Palmolive brand is so well known in oral care that private label store brands mimic its packaging. Hello Products is an oral care brand based in New Jersey.
The move comes amid a frenzy in CBD M&A activity. PepsiCo (NASDAQ: PEP) is buying Rockstar Energy Drink to cement its place in the functional beverage market. Charlotte’s Web (NASDAQ: CWBHF), marketer of hemp-derived CBD products, is buying Abacus Health Products (CSE: ABCS), a leader in OTC hemp extract topicals. CBD Unlimited, Inc. (OTC PINK: EDXC) joined the CBD M&A frenzy by buying Kush, Inc.
Colgate Palmolive’s entry into CBD oral care is intriguing because it reinforces a new classification and widens the acceptance of CBD as a mainstream-accepted product. Its CBD-infused products offer topical application, inflammation-reduction and may be used to treat the pain of toothaches through the inflammation-reduction properties. Colgate Palmolive is buying Hello Products for an undisclosed amount of cash-and-debt. The company says its products are in more than 40,000 retail stores and Ultra Beauty (NASDAQ: ULTA) stores and online nationally. It is the largest beauty chain in the U.S. As of February 20, 2020, the Ultra Beauty chain operated 1,254 retail stores in all 50 states.
CBD Unlimited, Inc. (OTC PINK: EDXC) Joins The CBD M&A Frenzy By Buying Kush, Inc.
In addition to Colgate Palmolive (NYSE: CL) entering the CBD business by acquiring Hello Products and its CBD-infused line of toothpastes, mouthwashes and lip balms, there was more M&A industry activity: PepsiCo (NASDAQ: PEP) bought Rockstar Energy Drink functional beverages and Charlotte’s Web (NASDAQ: CWBHF) is buying Abacus Health Products (CSE: ABCS), 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.
The CBD Unlimited, Inc. (OTC PINK: EDXC) acquisition of Kush, Inc., 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. (OTC PINK: EDXC) Makes An In-Demand, High Quality Product
CBD Unlimited, Inc.’s (OTC PINK: EDXC) high quality product, a healthy alternative for coronavirus-mandated, 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).
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
