CBD Unlimited, Inc. (OTC: EDXC) formerly known as Endexx Corporation (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.
EDXC recently changed their name to CBD Unlimited, Inc. from Endexx Corporation. In prior incarnations the Company was known as Micron Solutions, Inc until March 20002 and PanaMed Corp. until July 2005.
CBD Unlimited, Inc. (OTC: EDXC) with its collaborative partners and consultants, develops and distributes two consumable product lines derived from Hemp, which is all-natural and rich in phyto-cannabinoids. Phyto-Bites(R) is its CBD-infused soft chews for dogs. The dog treats are formulated to promote health and support the reduction of separation anxiety, pain and inflammation.
The company also has two key technology products and services that launched in 2014. Both products provide essential solutions to promote regulatory compliance and full accountability through 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 the first standardized hardware agnostic and software solution for tracking high- risk high-shrink regulated and restricted products that maintains compliance with federal, state and local regulations. It is intended to provide conformity with federal and state mandates. Gorilla-Tek(TM) is also a commercial-grade inventory control and dispensing device that provides up-to-the-minute accounting details and ensures both product and patient security. By automating the dispensing process, Gorilla-Tek(TM) increases productivity and reduces costs for retailers, while enhancing their service quality by reducing transaction time for customers.
EDXC is already doing big sales recently announcing record sales growth for its first quarter of fiscal 2019. For the three months ended December 31, 2018, the company generated $236,000 in sales, representing an increase of 23% year-over-year and 20% sequential increase quarter-over-quarter.
CEO Todd Davis commented, “Our first quarter of fiscal 2019 generated another record-breaking quarter. During that time, we have added key personal to support the transition from the “Hemp Pilot Program” to full scale commercial production and distribution. CBD Unlimited is positioned for exponential revenue growth going forward.”
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On March 5 EDXC announced its subsidiary, CBD Health Solutions, has engaged a private sales group to expand CBD Unlimited’s product reach, both nationally and internationally. CBD Health Solutions, LLC. was acquired by CBD Unlimited in 2015. This independently operated sales team will initially launch with a 25-person salesforce, expanding up to a 500-person salesforce over the next 2 years. The salesforce will help drive CBD Unlimited’s continued nationwide growth and expansion.
EDXC CEO Todd Davis stated:
“As we grow CBD Unlimited’s salesforce, we will have the capacity to enter several markets across the U.S. and internationally. While scaling business exponentially, it remains evident to appoint a dedicated team with the consumer in mind. We plan to reach each and every consumer possible, who will truly benefit from our products.”
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Currently trading at a $52 million market valuation EDXC has little cash, rising debt and growing sales reporting record sales growth for its first quarter of fiscal 2019. For the three months ended December 31, 2018, the company generated $236,000 in sales, representing an increase of 23% year-over-year and 20% sequential increase quarter-over-quarter. EDXC is an exciting story in small caps; the Company develops and distributes two consumable product lines derived from Hemp, which is all-natural and rich in phyto-cannabinoids. Phyto-Bites(R) is its CBD-infused soft chews for dogs. 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.