- No Borders Inc. is a multi-faceted technology innovator and marketing company focused on infiltrating and disrupting verticals that are behind the curve of technological adoption
- No Borders recently announced its first publicly accessible blockchain product, CBD LabChain, as a means of providing CBD product purity openness to consumers and revenue to the company as it helps Hemp brands to prove their product purity and efficacy
- The company is built on a lean, remote-work operating system that encourages creativity and minimizes costs, thereby maximizing shareholder value
- The company’s most recent quarterly report showed quarter-over-quarter revenue growth of 25.57 percent as well as an increasing gross profit margin
The reported wellness benefits of non-euphoric cannabis products such as cannabidiol, better known by the trade marketing initials CBD, are making products such as CBD a household medicine cabinet staple in an increasing number of homes all across North America (http://ibn.fm/lb44J), not only among young adults but also among potentially more conservative members of the over-50 senior market – a recent Gallup poll showed one in five respondents under 29 years old reported using CBD, and nearly one in five older than 50 similarly reported using it (http://ibn.fm/C2jSe).
At the same time, consumer advocates are raising alarms about the reliability of CBD product claims – a San Diego TV station recently reported on a local lab’s findings that numerous CBD products lacked any CBD, misrepresented the amount of CBD, or were tainted by potentially harmful substances (http://ibn.fm/e1evp). Forbes (http://ibn.fm/WvLia) also noted recently that hemp-derived CBD is “poised to overtake olive oil in the category of most counterfeited plant extract on the planet,” because of an undeveloped federal regulatory process in the United States. The U.S. military complex has banned CBD use among the various services because of uncertainties about potential euphoric drug taint in marketed products (http://ibn.fm/k9uN0).
Innovative technology solutions provider No Borders Inc. (OTC: NBDR) is focusing its expertise in Distrubuted Ledger Technology also known as “blockchain” on improving the reliability of CBD products. The company announced its first publicly accessible blockchain product, CBD LabChain, in November as part of a platform-building venture that will grant consumers immutable, secure and open access to laboratory test results for CBD products (http://ibn.fm/I8Q9j).
The company’s subsidiary No Borders Labs uses cutting-edge technology to provide clients and other No Borders portfolio companies with world-class Internet-based tools, including data analytics, technological innovation and tech support. Through CBD LabChain, No Borders is looking to build a revenue stream based on a per-test fee Platform As A Service (PAAS) model that provides a clear and highly in demand trust layer to the consumer while helping retailers in the lucrative CBD marketplace to showcase the efficacy of their products.
As the military’s ban on CBD shows, a significant concern among potential product users is the potential for cannabis-derived CBD substances to also contain significant levels of cannabis plants’ tetrahydrocannabinol (THC) chemical extract. While CBD contains some minimal psychoactive properties regarded as desirable for pain relief, THC is a stronger euphoria-inducing extract that provides the basis of marijuana drug products, and the fact that both extracts are derived from cannabis leads to the possibility both might exist in a cannabis product that has not been adequately vetted.
Hemp Magazine recently highlighted the economics involved in product testing, citing both a CBD consumer jailed on a felony charge because of a traffic stop that led to the discovery her CBD bottle had too much THC content under state law, as well as a hemp farm that spent $35,000 to $40,000 per year on lab testing before deciding to create its own testing facility (http://ibn.fm/DuheI).
No Borders operates on a lean, remote-work corporate model (http://ibn.fm/u4uta) that allows it to not merely foster creativity but also to manage costs in verticals whose existing market participants are behind the curve of technological adoption, which generates large profit opportunities for the company as well. The company’s most recent quarterly report showed quarter-over-quarter revenue growth of 25.57 percent and a gross profit margin that increased from 35.03 percent to 42.47 percent.
“Clearly, this filing shows that the Company is deploying capital to its brands and businesses at almost a 100% rate,” No Borders COO Cynthia Tanabe stated in a news release (http://ibn.fm/6ssC6). “This is a strong indicator of how much faster and farther the NBDR brands can go with the addition of capital through the Company’s recent SEC filings.”
No Borders received “qualification” approval from the Securities and Exchange Commission for a Reg A offering to raise up to $3 million in investments in November, and has subsequently received approval from the states of New York and Colorado to seek investors there (http://ibn.fm/IBWFa). The company has also applied for Reg A qualification in Florida and anticipates pursuing similar efforts in several additional states, “to raise capital while mitigating and minimizing negative dilutive impacts to the business and its shareholders.”
For more information, visit the company’s website at www.NBDR.co
NOTE TO INVESTORS: The latest news and updates relating to NBDR are available in the company’s newsroom at http://ibn.fm/NBDR
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