Coronavirus Impact Is Felt In 10% Dow Stock Drop, Sport Cancellations And School Closings. How Will CBD Industry Be Impacted?


Coronavirus yesterday (March 12, 2020) saw a 10% drop in the Dow stocks on Wall Street, sport league cancellations, school closings — even Disneyland in California will be shut. Thus far, there are 128,863 global cases of coronavirus — from Tom Hanks to the wife of the Canadian prime minister —  and 4,718 deaths worldwide. In this pandemic, what will be the impact on the CBD industry? CBD Unlimited, Inc. (OTC PINK: EDXC) and other companies in the industry may be bracing for the impact but may be able to maintain growth and acquisition activity if they follow some guidelines.

The global impact of the coronavirus has intensified coverage of CBD. Companies such as 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 Impact Is Felt In 10% Dow Stock Drop, Sport Cancellations And School Closings. How Will CBD Industry Be Impacted?

As U.S. and global society appears wholly affected by the coronavirus, the CBD industry may have some advantages in maintaining a growth curve and innovation. While travel and cruise businesses have decided in some cases to take a 60-day break rather than fight the illness, the CBD industry may be different. Coronavirus impact is felt in 10% Dow stock drop, sport cancellations and school closings. How will CBD industry be impacted?

The CBD Internet Sales Advantage

Americans are going to  hunker down for several weeks in an attempt to self-quarantine during the height of the coronavirus scare. That’s an advantage for the CBD industry because traditionally some 70% of CBD sales have been made from online sites — not in-person locations. So, people stuck at home — or in self-imposed status there — can continue to be CBD customers and buy from manufacturers, retailers and other outlets from home.

Quality of CBD product and branding will be key to success. Online customers will want to be sure of the CBD brands they purchase and will want to be educated about how the hemp-infused CBD products they buy is top quality. In this health scare, consumers will want to buy CBD from a remote location and they will want to buy, and pay for, top quality product for themselves and possibly their pets. Coronavirus impact is felt in 10% Dow stock drop, sport cancellations and school closings. How will CBD industry be impacted?

CBD Unlimited, Inc. (OTC PINK: EDXC) Omni-Channel Sales Strategy

To market its CBD product by social media, online, mass market, pharmacies, self-service kiosks and even convenience stores and bodegas, CBD Unlimited, Inc. (OTC PINK: EDXC) has proven itself to be fleet-footed and omni-channel in CBD marketing. Its product is available wherever consumers are. In this crisis, consumer shopping patterns will change and CBD Unlimited, Inc. (OTC PINK: EDXC) is able to change with them. Whether they buy CBD from home online or visit brick-ad-mortar stores, this aggressive marketing CBD company is ready.

CBD Unlimited, Inc. (OTC PINK: EDXC) Quality of CBD Product Is Key

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). All of this is important as health issues surge in importance and CBD product quality is paramount.

Especially now, quality of CBD product is extraordinarily important in marketing — either online or in-person. Consumers want to make sure in this health crisis that anything they place on the skin for wellness or ingest is top quality. If the product is branded and consistent, so much the better. In fact, CBD companies can gain share to home-bound consumers who want to try new CBD products.

CBD Unlimited, Inc. (OTC PINK: EDXC) Growth Of 101% In 2019

The company reported organic growth in 2019 of 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.

Worldwide reaction to coronavirus is accelerating, locking down cities, countries, canceling  spectator events and canceling business meetings and conventions. All of this may not be long term, but the coronavirus is changing the daily habits of consumers and businesses. 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.

Last week, CBD Unlimited, Inc. (OTC PINK: EDXC) acquired Kush, Inc., a New York-based media driven entity that builds brands and also owns As part of that transaction, it retained full time Charlie Mohr, founder and president of Kush, Inc. who will work in a new wholly owned subsidiary of the company. By doing so, CBD Unlimited, Inc. (OTC PINK: EDXC) maintains his knack for branding lines and maintains his relationships as a successful entrepreneur.

Source: Stock Market Press

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