CBD Unlimited, Inc. (OTC: EDXC) formerly known as Endexx Corporation (EDXC) is making a strong move up the charts in recent days from a start point of $0.08 to recent highs over $0.12. EDXC is well known for making a historic run this time last year from an $0.07 start point to highs of $0.745.
Microcapdaily covered EDXC in March of last year as it was taking off on its run remarking at the time – (EDXC) has been running up the charts in recent months starting off at a nickel in January to recent highs near $0.25 per share. The stock has transformed during this time into a volume leader on the OTCBB.
CBD Unlimited, Inc. (OTC: EDXC) develops and distributes all-natural products from the cannabis sativa plant (hemp) with 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. The science behind these products involves half a decade of research and experiments in order to perfect the accuracy in dosage and delivery of absorption per each serving.
In order to provide conformity with federal and state mandates, the company has incorporated the “Gorilla-Tek” platform into their 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. Along with that, Gorilla-Tek is tremendously efficient as it provides up-to-the-minute accounting and product details. Gorilla-Tek increases CBD Unlimited Inc.’s productivity, while reducing costs for retailers and costs in time for customers
CBD Unlimited is already doing big numbers – in January the Company reported record revenue growth for the three- and twelve-month periods ended December 2019. For the three months ended September 30, 2019, the Company generated over $361,250 in sales, with an annual increase of 88% year-over-year.
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“Our fourth quarter of fiscal 2019 showcases our continued growth. Our team continues to innovate and exceed expectations as we build a strong momentum to finish off the year. We said we would be in 5,000 stores by the end of 2019 and we already surpassed this number by August 2019. Additionally, we said we would be on our way to uplist earlier this year – we are delivering and plan to advance this strength quarter after quarter,” commented CEO & Chairman Todd Davis. “As we look to 2020, we expect to continue this growth trajectory as we increase our store count exponentially. As we scale aggressively, we continue to watch and listen to the pending FDA suggested guidelines closely. Additionally, we look to efficiently educate the consumer on our CBD products. We look forward to executing continued growth in 2020,” continued Davis.
On February 5 CBD Unlimited announced the Company has been invited for an exclusive interview taking place at the Nasdaq MarketSite in Times Square, New York City on Wednesday, February 5th, 2020. Mr. Todd Davis, CBD Unlimited’s Chairman and CEO, will be addressing the Company’s recent business developments and rapid growth of the CBD market. Once recorded, the interview will be released and immediately accessible to the public. This interview comes quickly after the Company’s new product suite launch and announcements of news related to additional international markets.
“We are thrilled to have the opportunity to share our recent developments and outlook for 2020 at the Nasdaq MarketSite in New York City,” commented Todd Davis, CEO and Chairman of CBD Unlimited. “2019 proved to be a tremendous year for our Company and we look forward to updating our audience on several new initiatives. Our team continues to cohesively exceed expectations while innovating new products and delivering to our customers. We look forward to sharing our updates directly from one of the top exchanges in the world right in the heart of New York City.”
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Currently trading at a $34 million market valuation EDXC has little cash, rising debt and fast growing sales reporting record revenue growth for the three- and twelve-month periods ended December 2019. For the three months ended September 30, 2019, the Company generated over $361,250 in sales, with an annual increase of 88% year-over-year. EDXC is well known for making a historic run this time last year from an $0.07 start point to highs of $0.745. Now that CBD Unlimited has reversed off $0.o8 lows and is on the move again Investors are all over it. We will be updating on EDXC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with EDXC.
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Disclosure: we hold no position in EDXC either long or short and we have not been compensated for this article.