Coronavirus Accelerates Brick-And-Mortar Challenge Temporarily In CBD Market
Coronavirus has impacted global in-person events, from concerts to business conventions. Doctors say fist bump, don’t touch your face and stay off long distance flights and, for some, cruises, too. To the CBD market — roughly 70% of sales are made online — so the main impact is felt in stores, dispensaries and other locations where potential customers must make in-person purchases. The impact is temporary, but severe. Brick-and-mortar locations need to amp up promotions to build more CBD business.
The impact of the coronavirus globally has also intensified coverage of CBD. Companies such as stockmarketpress.com feature 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) and OrganiGram Holdings Inc. (NASDAQ: OGI).
Coronavirus Accelerates Brick-And-Mortar Challenge Temporarily In CBD Market
CBD is not a cure for coronavirus although its properties address key elements. It is known to offer anti-viral, anti-inflammatory and anti-bacterial properties. It also acts as an effective treatment for nausea and vomiting, which can be induced by the coronavirus in humans. But, temporarily, in-person events will mean a sharp change in shopping patterns away from malls, stores, dispensaries and other locations where CBD would normally be sold. Coronavirus accelerates brick-and-mortar challenge temporarily in CBD market.
To brick-and-mortar sellers this is a challenge. It will require more effective online marketing, home deliveries of CBD product, shipments by overnight couriers and even more mail order. In short, stores need to reach their customers and close remote sales if the customers will not come to them. Coronavirus is a temporary situation, but it is a real health emergency. Store and chain owners/managers will have to adapt and make CBD sales and mail to remote locations. In short, stores have to go to the customers. Coronavirus accelerates brick-and-mortar challenge temporarily in CBD market.
CBD Unlimited, Inc. (OTC PINK: EDXC) Will Market Aggressively
Companies like CBD Unlimited, Inc. (OTC PINK: EDXC) will continue to be aggressive in buying other companies and marketing to retailers. Last week, CBD Unlimited, Inc., 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.
It has also hired full time 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 network. 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.
CBD Unlimited, Inc.’s (OTC PINK: EDXC) Hemp Is Grown In Colorado, Kentucky
CBD Unlimited, Inc. (OTC PINK: EDXC) ensures its CBD products are highest quality, American-manufactured and tightly controlled by a seed-to-shelf 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).
Even as more consumers are staying close to home, CBD Unlimited, Inc. (OTC PINK: EDXC) is expanding and giving its retail customers extended product lines to sell in the future. At a time of contraction for some, CBD Unlimited, Inc. (OTC PINK: EDXC) is expanding and acquiring. It’s what retail customers want in a CBD brand at the time: product growth.
Source: Stock Market Press
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