For First Time, Oregon CBD Sales Top $100 Million For Month Of May, A 60% YOY Jump, As GD Entertainment and Technology Markets CBD Nationally Through Its E-Commerce TheGreeneryCo.com Online Store

 In CSE: CWEB, NASDAQ: CRON, NASDAQ: INSY, NASDAQ: JOYG, NYSE: ACB, NYSE: CGC, NYSE: CL, NYSE: YCBD, OTC: GDET, OTC: SPRWF, TSX: ACB

Reinforcing the strength of CBD sales, website 420 Intel reported that sales of CBD hit $103 million for the month of May — the state’s first $100 million-plus month — representing a 15% jump over April and a 60% YOY spike from May last year. It was the third straight month of record breaking CBD sales for the state. Performance results show that the strategy of GD Entertainment and Technology Inc. (OTC: GDET) selling CBD online through its e-commerce portal, TheGreeneryCo.com, is correct.

The CBD market has drawn intense interest from media companies. stockmarketpress.com features specialized coverage of related stocks such as GD Entertainment and Technology (OTC: GDET), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Charlotte’s Web (CSE: CWEB), Cronos Group (NASDAQ: CRON), Colgate Palmolive (NYSE: CL), INSYS Therapeutics, Inc. (NASDAQ: INSY), cbdMD (NYSE: YCBD), Joy Organics (NASDAQ: JOYG), Canopy Growth Corp. (NYSE: CGC), and Supreme Cannabis Co. (OTC: SPRWF).

For First Time, Oregon CBD Sales Top $100 Million For Month Of May, A 60% YOY Jump, As GD Entertainment and Technology (OTC: GDET) Markets CBD Nationally Through Its E-Commerce TheGreeneryCo.com Online Store

At first, CBD marketers believed that the jump in CBD sales earlier this year was due primarily to consumers trying to build inventory prior to a possible COVID-19 related lockdown. Sales may have dipped initially, but then recovered and grew as CBD become an essential business. Selling CBD online now though TheGreeneryCo.com online store has been justified as the right strategy. GD Entertainment and Technology (OTC: GDET) is focused on building that business, even divesting its cryptocurrency mining, Bitcoin ATM and physical store CBD segments.

As online sales of CBD grow, GD Entertainment and Technology’s (OTC: GDET) strategy of reinvesting in TheGreeneryCo.com through the proceeds from the sale of assets from other business segments. GD Entertainment and Technology’s (OTC: GDET) has also hired EDM Media LLC to bring more traffic to its CBD online store and brand build through social media sites, traditional media and even through heavily followed influencers. For First Time, Oregon CBD Sales Top $100 Million For Month Of May, A 60% YOY Jump, As GD Entertainment and Technology (OTC: GDET) Markets CBD Nationally Through Its E-Commerce TheGreeneryCo.com Online Store.

‘Strong River’ Of Potential Online CBD Customers

“We feel we are in great hands with EDM,” says Anil Idnani, CEO of GD Entertainment and Technology (OTC: GDET). He referred to creating a ‘strong river’ of potential customers aware of the advantages of the company’s CBD; premium quality and a special 25% pricing discount, designed to stimulate sales. The site invites customers to join the company’s affiliate program as they shop for CBD skin care, honey hemp, and other The Greenery products. It also documents the satisfaction of site CBD product customers with endorsements by name.  For First Time, Oregon CBD Sales Top $100 Million For Month Of May, A 60% YOY Jump, As GD Entertainment and Technology (OTC: GDET) Markets CBD Nationally Through Its E-Commerce TheGreeneryCo.com Online Store.

Oregon Sales Spike Prove CBD Focus Is Correct

As CBD sales in Oregon prove, GD Entertainment and Technology (OTC: GDET) is eyeing the right opportunity in a fast-growing classification. Three consecutive months of record CBD sales in the state, as reported by Oregon Office of Economic Analyisis and Oregon Liquor Control Commission, CBD is on a record breaking tear through May this year and not looking back.  For First Time, Oregon CBD Sales Top $100 Million For Month Of May, A 60% YOY Jump, As GD Entertainment and Technology (OTC: GDET) Markets CBD Nationally Through Its E-Commerce TheGreeneryCo.com Online Store.

The proceeds from sales of non-continuing businesses by GD Entertainment and Technology (OTC: GDET)  will be used to strengthen the company’s balance sheet and fund  its marketing focus on TheGreeneryCo.com e-commerce sales of CBD

Source: Stock Market Press

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