Yes, I have been following $EDXC for a few months now.
Just like Canbiola, CBD Unlimited traded between the $.04 - .05 range for quite some time. Yet, almost immediately upon releasing 2018 financials, the company soared.
The most exiting thing for CBD Unlimited, is that their momentum hasn’t shown any sign of slowing down. They’ve had almost no major pull backs, and they look prepared to breach $1.00 soon.
For Canbiola, as a comparable company, with similar revenue and similar projected growth, I think that bodes well.
For the sector as a whole, I think it’s even better.
Consider this:
CBD Unlimited is doing a lot of things right, but they also:
1) ran into the red last year with a net loss,
2) serve a very niche, almost obscure market (CBD for pets),
3) carry limited SKU’s, and
4) derive nearly all revenue from one source: retail.
The fact that a company like that can garner enough attention to drive their stock up more than 1500% in 3 months shows just how explosive this sector is.
The $EDXC story tells us that people are looking for CBD plays, and the FOMO is palpable.
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