Coronavirus Spurs Stock Drop, Travel Ban From Most Of Europe, But Many Industries Including CBD Remain Innovative
Coronavirus yesterday (March 11, 2020) spurred a 1,465 point Dow drop on Wall Street and President Trump last night announced a travel ban on most European countries to the U.S. and a $50 billion package of SBA low interest loans to affected small businesses. Some industries, such as CBD, remain innovative and active in M&A activity. CBD Unlimited, Inc. (OTC PINK: EDXC) last week continued making industry-related acquisitions as it continues to grow and extend product lines. Coronavirus spurs stock drop, travel ban from most of Europe, but many industries including CBD remain innovative.
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 Spurs Stock Drop, Travel Ban From Most Of Europe, But Many Industries Including CBD Remain Innovative
Last night, the Trump Administration enacted a series of health-related and financial moves designed to lessen the impact of coronavirus on Americans and the national economy. The NBA is canceling the remainder of its season, without elaborating on post-season activity. Other sports leagues are considering their own actions. The travel industry — cruises, planes and resorts — are all preparing for major global impact. Coronavirus spurs stock drop, travel ban from most of Europe, but many industries including CBD remain innovative.
CBD Industry Remains Aggressive, Innovative and M&A Active
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.Some firms, such as CBD Unlimited, Inc. (OTC PINK: EDXC), are remaining aggressive and continuing their growth plans through acquisitions. 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.
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.
Last week, CBD Unlimited, Inc. (OTC PINK: EDXC) acquired Kush, Inc., a New York-based media driven entity that builds brands and also owns kushwear.net. 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.
Coronavirus Impacts Daily Life Globally, But Some CBD 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 plans to expand product lines, enter into new classifications and acquire innovative and entrepreneurial companies. The CBD Unlimited, Inc. (OTC PINK: EDXC) acquisition of Kush, Inc., is one example.
In all the new measures last night and despite the stock declines of yesterday, 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. CBD Unlimited, Inc. (OTC PINK: EDXC) is positioned to extend its product pipeline into clothing brands under the Kushwear name, the company said.
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). All of this is important as health issues surge in importance and CBD product quality is paramount.
Source: Stock Market Press
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