CBD Unlimited Inc (OTCMKTS:EDXC) has posted revenues of $1.49 million in 2019. It is an increase of 101% year on year. The company delivered excellent growth and performance because of increased store count across the nation and product diversity.
Supports markets with premium products
CBD Unlimited continues to deliver premium products for pets and humans because of its strong presence in the hemp industry. Chairman and Chief Executive Officer of CBD Unlimited, Todd Davis, said the company has expanded its operations worldwide. The company has also focused on delivering chocolates to topical to US consumers. It is also ramping up its efforts to improve its store count because it aims to satisfy the needs of customers through e-commerce and retail channels.
Eager to improve production levels
CBD Unlimited plans to improve production levels in 2020 to meet the growing demand for its products from major retailers and consumers. Todd said the company plans to stay ahead in its long term business goals by leveraging its strategies. CBD Unlimited has big plans for this year with the next generation 2.0 products. The company expects to benefit from the customer’s need for innovative and natural products.
CBD Unlimited is developing its business operations by reestablishing processing strategies in collaboration with major merchants. The company initiated these strategies after passing of the Safe Banking Act by the US House of Representatives in September 2019. Passage of the Safe Banking act eliminates the risks of involving CRB (Cannabis Business related Business Banking) and offers excellent opportunities for financial institutions.
Safe banking act supports CBD Unlimited’s growth
The safe banking act strengthens the growth of CBD Unlimited because the company expects efficient services in the future. It helps to build long term strategy with consumers and partners. It has not accepted offshore banking solutions because the underwriting process is frustrating and time-consuming.
The Safe banking act offers a safe harbor for insurers, financial institutions, and businesses because it eliminates criminal association in providing financial services to the companies engaged in the cannabis business in legalized states. CBD Unlimited will continue to safeguard data and privacy of consumers and provide its services to the Foreign Service providers. It will continue to maintain compliance with regulators.