Endexx Corporation (OTC: EDXC), After Acquiring Controlling Interest In Hyla US Holdco Limited, Producer Of Organic, Plant-Based Zero Nicotine Vape Products, Names Nick Mehdi, CEO Of Hyla, As Board Member; Adds Steven Plumb As Sec-retary/Treasurer
Endexx Corporation (OTC: EDXC), after acquiring controlling interest In Hyla US Holdco Limited, producer of organic, plant-based zero nicotine Vape Products, names Nick Mehdi, CEO Of Hyla, as board member; adds Steven Plumb as Secretary/Treasurer. In its recent Form 8-K filing, EDXC described the transaction and detailed the two executive moves.
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EDXC believes its acquisition on controlling interest in Hyla will expand its international distribution in 10 countries and will mean a “significant increase in the company’s consolidated revenue.
In its Form 8-K filing, EDXC said that Mehdi served as CEO of Hyla since its founding in 2021. Prior, he was CEO of ZT Wireless, LLC. Earlier, he was VP, Operations at Sun Com Mobile, LLC. Both are Sugarland, Texas-based wireless communications companies.
Steven Plumb, newly named Secretary/Treasurer, is experienced in operations, finance and marketing, the filing states. He is a former auditor with Price WaterhouseCoopers and and KPMG. He has extensive experience in IT, biotech, oil and gas, real estate, medical and utility companies.
Both executive changes were made effective with the Hyla transaction closing date.
Endexx Corporation (OTC: EDXC) has acquired a controlling interest in Hyla USHoldco Limited. Hyla is a producer and distributor of of organic, plant-based zero-nicotine based products. Todd Davis, CEO of EDXC, says he believes because Hyla’s products do not contain nicotine the brand “may create a brand new vape market in the United States that avoids the issues associated with nicotine based products.”
Todd Davis, Endexx CEO, says “Because Hyla’s products do not contain any nicotine, and utilize the well known plant, guarana, and other botanicals, we believe that Hyla’s may create a brand new vape market in the United States that avoids the issues associated with nicotine-based products.”
For additional information on the acquisition, please see Endexx’s recent Form 8-K filing.
Source: Stock Market Press
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