In Case you Missed it- #Cannabis #Stock News: CBD Unlimited (OTC: $EDXC)
Secures additional Distribution Channels; @CBDUnlimited_
·
Early stage roll-out begins Q3 2020
·
Established contracts in 2019 with market partners in
the pharmaceutical and natural foods industries continues to expand
CAVE
CREEK, AZ, April 17, 2020 ‒ (Investorideas.com newswire) – Breaking cannabis/CND stock news
- CBD Unlimited, Inc. (OTC: EDXC), formerly known as Endexx Corporation, a
provider of innovative phytonutrient-based food and nutritional products, is
pleased to announce it has fortified its commitment in providing high quality,
properly dosed hemp products through new extended distribution channels that
were attained over the last year. The vigorous positioning and growth
directives achieved reflect the scope of business ventures, resulting in an
expanded network in the pharmaceutical and grocery/natural food channels, as
well as, independent retailers.
Read this news
featuring EDXC in full at https://www.investorideas.com/news/2020/cannabis/04171CBDUnlimited-DistributionChannels.asp
“The
aggressive positioning from our distributors and phenomenal cooperation with
retail accounts has made it possible for us to project retail door count
opportunities to increase from 60,000 stores to estimates of over 200,000
stores which include retail distribution points over the next 3-5 years,”
commented CBD Unlimited’s Chief Executive Officer and Chairman, Todd Davis.
“Key partners are critical to both short-term execution and long-term success.
Strategically speaking, we will not disclose our partner names until our market
penetration is well underway, and once a
dominant foothold in the retail space is fully established. CBD Unlimited will
continue to focus on anticipating customer needs and will do our part to
advance the CBD industry with our unique scientific and fully compliant hemp
formulations.”
In
2020, the Company initiated and established additional contracts in North
America as well as the Caribbean and Polynesian channels for significant growth
targets. The agreements will authorize the Company to enter several regional
and international Mass Retail, Drug and convenience store chains. CBD Unlimited’s
new market partners are aggressively positioning its products into the highly
competitive and accelerating CBD and hemp markets.
About CBD
Unlimited, Inc.
CBD
Unlimited, Inc. develops and distributes all-natural CBD products derived from
cannabis sativa plant (Hemp), containing less than 0.01% THC. Its products
range from oils, capsules, topicals, and pet products, all with the shared
purpose of therapeutic and pain relief for humans and pets. Phyto-Bites are CBD
soft chews for animal use that are formulated to promote health and support the
reduction of separation anxiety, pain, and inflammation. The science behind
these products involves over half a decade of research and experiments in order
to protect the accuracy in dosage and delivery of absorption per each serving.
In
the interest of providing conformity with federal and state mandates, the
company has incorporated the “Gorilla-Tek” platform into its business
practices. The Gorilla-Tek platform is the first standardized hardware agnostic
and software solution that tracks high-risk, high-shrink regulated, and
restricted products maintained under federal/state/local compliance. The
platform provides asset protection, inventory management, compliance and an
“end of sale” technology integration. Based on principles developed by the
pharmacological industry, the integrated “Gorilla-Tek” platform is tremendously
efficient as it provides up-to-the-minute accounting and product details.
Gorilla-Tek increases productivity while reducing costs for retailers and costs
in time for customers.
Safe Harbor Notice
This
press release may contain “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995, such as statements
relating to financial results and plans for future development activities and
are thus prospective. Forward-looking statements include all statements that
are not statements of historical fact regarding intent, belief or current
expectations of the company, its directors or its officers. Investors are
cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are beyond the
company’s ability to control. Actual results may differ materially from those
projected in the forward-looking statements. Among the factors that could cause
actual results to differ materially from those indicated in the forward-looking
statements are risks and uncertainties associated with the company’s business
and finances in general, including the ability to continue and manage its
growth, competition, global economic conditions and other factors discussed in
detail in the Company’s periodic filings with the Securities and Exchange
Commission. The company undertakes no obligation to update any forward-looking
statements.
For further
investor and media information, contact:
CBD
Unlimited, Inc.
Todd
Davis
Chairman
& CEO
480-595-6900
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