KushCo Holdings is in Focus Ahead of Quarterly Earnings
The CBD industry has grown at a breakneck pace, and if experts are to be believed, then it is expected to continue to grow at an impressive pace in the coming years. The CBD market is expected to grow at a compound annual growth rate of as much as 125% by the time 2026 comes along. That can be seen at the way the sales of CBD products like soaps, oils, beverages, and candies have soared in the past months.
On top of that, CBD products have even got support from well-known personalities, and that could only be positive. People looking to invest in CBD stocks could consider having a look at the following two companies.
The first such stock to consider is that of KushCo Holdings Inc (OTC: KSHB). The company has emerged as one of the most interesting companies in this space. It offers packaging services to the cannabis industry. In addition to that, it sells vaporizer hardware and technology and hydrocarbons for cannabis extraction to the CBD industry. In the three years between 2016 and 2019, its CAGR touched as much as 160%. The legal cannabis market is expected to be worth $26 billion in 2026, and that is without the CBD industry.
As much as 57% of its revenues are generated by the legalized recreational cannabis industry, and with more states set to legalize, the future seems bright for KushCo. Although the company isn’t profitably yet and has had to dilute its stock to raise capital, KushCo expects to achieve positive EBITDA in the second half of 2020.
Another company that could be tracked by investors at this point is CBD Unlimited Inc (OTC: EDXC). The company is involved in manufacturing hemp-based CBD products, and some of its most important products include oils, pet products, capsules, and tropicals. One of the most important products developed by CBD Unlimited is Photo-Bytes, which is a chewing CBD product meant for pets.
CBD Unlimited Inc’s (OTC: EDXC)products are currently retailed in more than 5,600 stores in the United States, but in 2020, CBD Unlimited Inc (OTC: EDXC) is keen to take that figure beyond 20,000 and eventually beyond 50,000. It has also gained approval to distribute its products in South Africa and Puerto Rico.
In 2019, CBD Unlimited Inc (OTC: EDXC) managed to generate as much as $1.49 million sales, which reflects year on year growth of as much as 101%. It is quite clear that CBD Unlimited Inc (OTC: EDXC)is growing at a breakneck pace, and at the same time, it has managed to produce new products as well.
Source: Stock Market Press
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