Phoenix, Arizona--(Newsfile Corp. - October 3, 2019) - The Stock Day Podcast welcomed CBD Unlimited, Inc. (OTC Pink: EDXC) ("the Company"), a company that develops and distributes all-natural products from the cannabis sativa plant (hemp) with less than 0.01% THC. Co-Founder and Chairman of the Company, Todd Davis, joined Stock Day Host Everett Jolly.
Jolly began the interview by asking about the Company's current store count. Davis explained that one year ago the Company's products were being sold in less than 1,000 stores. "That included doctors, veterinarians, health and wellness centers, and podiatrists," explained Davis. However, the Company has exceeded 5,000 stores nationwide as of September. "We have multiple stores that are anywhere from 50 to 300 stores deep," said Davis, adding that one of their stores offers over 2,000 locations.
The conversation then turned to the recent passing of the Safe Banking Act and the effects it will have on the Company. "The Banking Act allows the industry to operate as a normal functioning industry," explained Davis. He added that the Banking Act will have positive effects for all members of the CBD industry, from the farmers all the way to the retailers.
Jolly then asked about the Company's plan for growth. Davis explained that the primary focus will be to increase their store count over the next two years. "We"ll get up to around 35,000 to 50,000 stores nationwide, and that's the track we're on right now," stated Davis. The Company is also growing their eCommerce platform and Amazon platform by increasing the marketing for this division. "You need access and convenience to the consumers so that they can buy the products on their own."
Jolly noted that the Company currently holds several subsidiaries and asked about their business strategy going forward. Davis explained that the subsidiaries have been consolidated and primarily operate under CBD Unlimited, Inc., however the Company still appears as Endexx Corporation on the stock market. The Company also has several technology-based subsidiaries which have been consolidated to operate under Gorilla-Tek to represent their technology division. This sector primarily focuses on providing asset protection and inventory management, while also offering additional software solutions to help conform to state and federal regulations. "That division will be a key driver going forward," explained Davis.
"CBD sales can be anywhere from 10-15% of a store's revenue at the mom and pop level. This has really changed the dynamic of small-town businesses if they participate in this space," shared Davis while commenting on the high retention rates of the CBD industry.
To close the interview, Davis explained that the Company was built on a science and compliance platform. "We brought products to the market that were usable and predictable, and work as advertised," said Davis. He further explained that the Company is exceptionally undervalued and has the potential to become a leader in the industry. "Not a lot of the OTC companies get to go big, and we're one of the few that are doing it," closed Davis.
To hear Todd Davis' entire interview, follow the link to the podcast here: https://audioboom.com/posts/7386205-cbd-unlimited-inc-joins-the-stock-day-podcast-to-discuss-their-nationwide-expansion
About CBD Unlimited, Inc.
CBD Unlimited. Inc. 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 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. 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.
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.
Chairman & CEO