PHOENIX, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed CBD Unlimited, Inc. (EDXC), which offers multiple consumable products derived from “Hemp” as well as technology products and services. Founder, Chairman, and CEO, Todd Davis, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company’s recent announcement of their partnership with Global Financial Ecosystems, Inc. (GFe). Davis explained that GFe is a private company operating out of Canada with relationships across the globe that the Company is looking to distribute their products to. “We’re going to take the international part of Endexx Corporation and then instead of claiming a revenue stream off of it, we’re going to monetize it through an IPO so that every Endexx shareholder will now own a piece of that public company,” stated Davis.
Jolly then congratulated Davis on the Company’s 59% increase in revenue over the fourth quarter and asked about the Company’s next steps. Davis explained that since 2014 the Company has been producing multiple product lines around the result of clinical trials and market evaluations, however since the passing of the Farm Bill of 2018 they have become increasingly aggressive in their sales approach. Davis shared that the Company is currently in contact with major pharmacy and retail chains about getting their products out on their shelves, which include both controlled dosing for humans and CBD-infused dog treats and other products in the wellness industry. In 2019, the Company plans to have their products available in 5,000 stores nationwide which will result in $2 million in sales per month.
“Based on the demand that’s currently arising in this industry, there’s not enough supply of the raw ingredients to fill all the demand that’s out there. So, going to market we’re going to be cautious and we’re going to make sure that if we take on 5,000 stores we can deliver to 5,000 stores and never leave those store shelves empty,” stated Davis when discussing the growing demand in the industry and how the Company plans to take their products to market.
Jolly then asked Davis whether or not he believes the stock of the Company is currently undervalued. Davis explained that the Company has been focused on its growth rather than marketing its stock and currently has a $30 million market cap, for this reason the Company is one of the most undervalued stocks in its industry at this time. Davis shared that he believes the Company will be able to achieve a market cap of around $100 to 200 million by the end of the fiscal year and will still be undervalued compared to some of their competitors.
Jolly then asked about the Company’s recent name change and where they’re at in that process. Davis explained that the Company’s name was formerly Endexx Corporation, however, has been officially changed to CBD Unlimited, Inc. Once filings with the SEC are complete, Endexx Corporation will become a subsidiary and their stock symbol will become CBDU.
To close the interview Davis shared that the Company has two major focuses for 2019, including the domestic market as well as the international market. Davis also expressed his excitement for the continued growth of the Company and what it means for shareholders.
To hear more about CBD Unlimited, Inc. and listen more from Todd Davis follow the link to the podcast here: https://upticknewswire.com/featured-interview-ceo-todd-davis-of-endexx-corp-otcpink-edxc-2/
About CBD Unlimited, Inc.
CBDU, with its collaborative partners and consultants, develops and distributes two consumable product lines derived from “Hemp”, which is organic and naturally rich in phytocannabinoids. Phyto-Bites®, 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 technology products and services: GorillaTek “smart security solutions” and the Autospense™. Both products provide essential solutions to promote regulatory compliance and full accountability inventory management and an "End of Sale" technology integration. The Autospense™ is 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, GorillaTek increases productivity and reduces shrink for retailers, while enhancing their service quality by reducing transaction time for customers. Websites include: www.cbdunlimited.com
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 Security 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
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