Nutritional product company CBD Unlimited, Inc. (OTC PINK:EDXC) has acquired Kush Inc. a New York-based branding and development company for an undisclosed amount. Kush, Inc. builds brands through strategic marketing. The company said it will operate Kush as a new wholly-owned subsidiary. Charlie Mohr, the president and founder of Kush, will join CBD Unlimited full time.
Arizona-based CBD Unlimited made the acquisition as it has seen global interest in transitioning to natural products. Kush, Inc., owns kushwear.net and supports labels known for manufacturing, selling and distributing hemp-derived material and other bio-products that are sustainable.
“Acquiring Kush, Inc., will support CBD Unlimited’s growth strategy as we develop into new markets,” said Todd Davis, CEO, and chairman of CBD Unlimited. “We look forward to extending our product pipeline to sustainable alternatives and clothing brands under the Kushwear name. We plan to remain innovative for our customers as the Company expands its network, now with the addition of Charlie Mohr joining the team and providing his unmatched proficiency in this space.”
CBD Unlimited used to be known as Endexx Corporation (EDXC) and recently reported record revenue growth for the three- and twelve-month periods ending 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. Cleared to Distribute CBD Products in Puerto Rico and South Africa.
The company added that it plans to work closely with Kush Inc.’s research and development team to expand its product range. CBD Unlimited said it had a significant growth performance in 2019 and reported a 101% annual increase in revenues and surpassed its goal of placement in 5,000 stores by three months.
CBD Unlimited develops and distributes all-natural CBD products derived from hemp. Its portfolio of products includes oils, capsules, topicals and pet products. Phyto-Bites are soft chews for animal use designed to reduce inflammation, pain and separation-anxiety. It also has CBD products formulated for humans. CBD Unlimited produces CBD products from hemp sourced and grown in Colorado and Kentucky under USDA and state regulations.