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CBD Unlimited Announces Fiscal Year-End Financial Results; Year-Over-Year Revenues Grow 88 Percent
CBD Unlimited Announces Fiscal Year-End Financial Results; Year-Over-Year Revenues Grow 88 Percent.
About this update from Endexx Corp.
[{"type":"text","content":"\n ·       Strong National and International Expansion Across Several Markets  ·       Product Demand Continues to Experience Increase CAVE CREEK, AZ, Jan. 16, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CBD Unlimited, Inc., formerly known as Endexx Corporation (EDXC), a provider of innovative phytonutrient-based food and nutritional products, is pleased to report record revenue growth for the three- and twelve-month periods ended December 2019. For the three months ended September 30, 2019, the Company generated over $361,250 in sales, with an annual increase of 88% year-over-year.   Fiscal Year 2019 Milestones and Highlights:  International Expansion  Cleared to Distribute CBD Products in Puerto Rico and South Africa. Accelerated registration in multiple international markets as the Company prepares for additional targeted channels abroad.  Increased Store Count Growth  Surpassed year-end store goal by three months to more than 5,000 stores nationwide in mass pharmacy and mass retail markets.  Accelerated store growth in the current quarter as stores are expanding their state rollout schedule. New contracted distributors are opening chain stores at 200-500 stores per launch.  New Premium Blue Line BalmX and MistX installed in approximately 1,500 stores across 10 states.  Established the foundation to service increased demand and to onboard stores on demand. Product Innovation  Closed deal with leading chocolate manufacturer, First Foods Group, Inc. (FIFG) to collaborate on premium hemp-based CBD food products.  Invested and manufactured six Premium Blue Line SKUs at 35,000 units each.  Reported wholesale value of the 6 premium products is valued over $5.5 million.  E-Commerce Advancement  Reestablished Processing with two Major American Merchants. Increased its fulfillment capacity as the Company continues to grow its e-commerce presence.  Increased Tradeshow Presence  Showcased its products at ECRM’s Hemp/ CBD Health and Beauty Care Program where the Company was introduced to major retail buyers who extended commitments to the Company.  Tradeshows in 2019 generated interest in the Company’s products from approximately 50 ...