- Online sales of the global dental equipment and medical supplies market totaled $40 billion in 2018, growing at 17% per annum compared with a 2% revenue growth rate at brick-and-mortar shops
- No Borders subsidiaries active in two rapidly growing markets at the moment: blockchain technology and hemp
- Worldwide spending on blockchain solutions to grow to $11.7 billion by 2022 while global sales of hemp estimated to reach $5.73 billion by 2020
No Borders Inc. (OTC: NBDR) has executed a distribution and direct supply agreement with KB Dental of South Korea for the latter’s line of specialty dental and endodontic products, including the brands Kerator, MCT Bio and Maruchi. Under the agreement, KB Dental will supply No Borders’ subsidiary No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the U.S. through the trade name MediDent Supplies, with a diverse product line ranging from Endosonic systems to EndosealMTA pastes. These high-value specialty products are in high demand by endodontic offices across the U.S.
The world-class MCT Bio, Mariuchi and Kerator product lines are a hallmark example of No Borders’ commitment to all-around excellence across the NBDR family of companies. “I am extremely proud of everyone on the NBDR teams for the continual effort and work put into establishing MediDent Supplies as an industry-leading, low-cost provider in these specialty dental sub-verticals. (…) We are very pleased to offer KBs products to our customers all over America,” No Borders CEO Joseph Snyder stated in a news release (http://ccw.fm/GPyE4).
No Borders is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority across its portfolio of assets. It is uniquely positioned to use its expertise to improve margins with active subsidiaries in healthcare, education, cannabidiol (CBD), finance and technology.
No Borders’ other subsidiaries operate in two of the most popular and fast-growing markets at the moment: hemp and blockchain. These subsidiaries include No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets, and No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies and consulting, architecture and software development services to external businesses.
In 2018, the global sales of hemp amounted to $3.74 billion and estimated to reach $5.73 billion in 2020 (http://ccw.fm/R5LeC). Hemp is a safer investment than marijuana because hemp-based businesses have fewer reporting requirements. As a result of the 2018 Farm Bill, the sale of hemp-derived CBD products was legalized at federal level as long as the products contain less than 0.3% tetrahydrocannabinol, the compound responsible for cannabis’ psychoactive properties. Individual states set up their own regulatory programs governing hemp, which most of them have already done (http://ccw.fm/2SWez). Recently, banking institutions across the U.S. were given the green light to do business with hemp-related companies, as a result of hemp being delisted as a Schedule 1 controlled substance. This development is likely to further fuel the industry’s growth.
Another No Borders subsidiary that operates in both the hemp and blockchain markets, CBD LabChain, records Certificate of Authority (COA) on a blockchain technology platform, making it an indispensible tool that brings a sense of security to consumers of CBD products in an unbiased and unchangeable way. To give consumers this much-needed peace of mind, No Borders Labs designed CBD LabChain to record THC, CBD and other lab test data and make results easily accessible via QR code linkage as well as a clear Results “Guaranteed with Blockchain” icon, which can be integrated directly into individual product labels.
Blockchain-based certificates and authentication are becoming increasingly popular. The same idea is behind a joint project of the Chamber of Industry and Commerce of Munich and Upper Bavaria, Germany, and the country’s Digital Ministry, to use blockchain technology as an “authentication stamp.” More specifically, the two bodies will issue their first blockchain-enabled training certificates next spring, marking the first step for the concrete use of blockchain in administration. In the future, employers will be able to determine whether the certificates are genuine with the help of an electronic key. This kind of blockchain-enabled certification can be extended to any type of document, according to German authorities (http://ccw.fm/n5D5o).
As the blockchain market continues to expand, it is expected to be incorporated in a growing number of practical applications. According to Statista, worldwide spending on blockchain solutions is expected to grow from $1.5 billion in 2018 to an estimated $11.7 billion by 2022 (http://ccw.fm/6N9Fq).
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://ccw.fm/NBDR
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