CBD Unlimited Inc (OTCMKTS:EDXC) Acquires Kush Inc
CBD Unlimited Inc (OTCMKTS:EDXC) has taken over Kush Inc. The media-driven special entity – Kush is engaged in building brands via strategic relationships and marketing. It also owns Kushwear.net to support the labels for distribution, production, and the sale of materials derived from hemp. CBD Unlimited acquired Kush to benefit from a growing interest in natural products across the world.
Charlie to work full time at CBD Unlimited
Founder and President of Kush, Charlie Mohr, will work full time at CBD Unlimited under the newly formed subsidiary. Chairman and Chief Executive Officer of CBD Unlimited, Todd Davis, said the newly acquired Kush will support its strategy of entering into new markets. He said the company will extend its product line to the clothing brands and sustainable substitutes under the Kushwear brand.
Todd said the company will focus on introducing innovative products going forward through expansion. Charlie will join the team at CBD Unlimited to support the company with his unmatched proficiency.
Works closely with R&D Team of Kush
Following the takeover, CBD Unlimited will work closely with the R&D team of Kush to unveil a myriad of innovative products. CBD Unlimited has posted an increase of 101% in revenues in 2019. It has achieved the target of establishing 5,000 stores in just three months. The company is continuing its growth trajectory to achieve planned objectives.
Interview with Stock News Report
CBD Unlimited’s interview with Stock News Report is now available for the public at the market site of NASDAQ. Todd has introduced its product launch and discussed on global growth, growth within the pharmacy/ mass retail outlets, testing product efficiency, dosing, scientific background of the company, record revenues, and acquisition goals during his live appearance on the NASDAQ MarketSite.
According to CBD Unlimited, it is well poised to benefit from large retail partnerships. It expects to report higher sales this year. Todd said he is pleased to join live discussion at Stock News Now with Jane King. He said the prudent efforts put in by the company in the hemp market segment is yielding positive results in terms of growth, completion of the acquisitions, and enhanced revenues.
Published at Thu, 12 Mar 2020 14:34:29 +0000