CAVE CREEK, AZ, Oct. 22, 2019 -- CBD Unlimited, Inc. (EDXC), formerly known as Endexx Corporation, a provider of innovative phytonutrient-based food and nutritional products, is preparing a Form 10 Registration Statement to file with the U.S. Securities and Exchange Commission (SEC).
CBD Unlimited’s Form 10 Registration Statement will include information on the Company’s updated business model, financial history, and audited financial statements which illustrates a vital step in expanding its operations and capital. The Company engaged Baker/Hostetler, one of the nation’s largest law firms, which represents clients around the globe. With offices coast to coast, with nearly 1,000 attorneys that navigate the laws and regulations that shape the global economy, and help clients develop and close deals that fuel their strategic growth, Baker Law is providing the legal guidance on all SEC related filing requirements for CBD Unlimited.
“CBD Unlimited is taking the necessary steps to ensure the Company is compliant and transparent with its financial reporting,” commented Todd Davis, CEO & Chairman of CBD Unlimited. “We are dedicated to providing the public and investors with updated quarterly financial statements, audits, and materials to distinguish ourselves in this expanding industry. CBD Unlimited is systematically taking the necessary steps through the auditing process and SEC filing requirements to prepare for its up listing near term, and long term preparing for an Exchange up list to the NASDAQ or NYSE in the coming two years. The accelerating demand for hemp-derived products is driving the company’s growth to the next level. We look forward to the coming year and building long term capital with our shareholders and investors.”
These actions will enable CBD Unlimited to raise its business portfolio and, in turn, deliver reliable and consistent information to investors and the financial community. The Company remains transparent with information shared with the public now at https://www.otcmarkets.com/stock/EDXC/disclosure. Post Form 10 clearance the filings will be available and accessible via the SEC website (www.sec.gov).
CBD Unlimited’s Form 10 Registration Statement will include financial statements as well as an overview of the CBD markets that are comparable to the Company in order to provide a clear and comprehensive view of its financial position.
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 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.
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