Coronavirus Lockdowns Of Countries, Cities Impact CBD, But Firms Such As CBD Unlimited, Inc., Remain Aggressive
Lockdowns driven by the coronavirus have been declared in the country of Italy and a containment zone has been established in New Rochelle, New York. Political rallies by Sen. Bernie Sanders and Joe Biden, candidates for president, were cancelled last night (March 10, 2020). It is hardly business as usual anywhere. Yet, the CBD business is persevering and companies like CBD Unlimited, Inc. (OTC PINK: EDXC) are remaining aggressive and continue to acquire other related firms as they grow.
The global impact of the coronavirus has 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 Lockdowns Of Countries, Cities Impact CBD, But Firms Such As CBD Unlimited, Inc., Remain Aggressive
Worldwide reaction to coronavirus is accelerating, locking down cities, countries and spectator events and triggered cancellations of business meetings, conventions and music spectacular concerts. In short, this may not be long term — but the coronavirus has changed the traveling, cruising and daily habits of consumers. Coronavirus lockdowns of countries, cities impacts CBD, but firms such as CBD Unlimited, Inc., remain aggressive.
Coronavirus Impacts Daily Life Globally, But Some Companies Remain Aggressive And Grow
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. 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) Continues To Market Aggressively
Companies like CBD Unlimited, Inc. (OTC PINK: EDXC) continue to be aggressive in buying other companies. 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, 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 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. By retaining Charlie Mohr, CBD Unlimited, Inc. (OTC PINK: EDXC) maintains his knack for branding lines and relationships as a successful entrepreneur.
CBD Unlimited, Inc.’s (OTC PINK: EDXC) Hemp Is U.S. Grown In Colorado, Kentucky
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). As health issues gain in importance,
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. Health issues have never been more important and CBD Unlimited, Inc.’s (OTC PINK: EDXC) focus has been to ensure quality and consistency in its CBD products. The Kush, Inc., acquisition last week also sends the message that the company continues to be aggressive in line extensions.
Coronavirus Has Impacted Global In-Person Events
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. Coronavirus lockdowns of countries, cities impacts CBD, but firms such as CBD Unlimited, Inc., remain aggressive.
Source: Stock Market Press
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