Endexx Corporation (OTC: EDXC) Announces It Has Secured $2.3 Million In Hyla Brand Plant-Based Vaping From Western Asia, West Coast USA And Dubai In First 55 Days Since Acquisition; Newest Third Order From Dubai Alone Totals $1.5 Mil-lion For The First Two Fiscal Quarters Of 2023
Endexx Corporation (OTC: EDXC) today (October 27, 2022) announces it continues to grow its Hyla brand plant-based vaping brand internationally with $2.3 million in orders. This cumulative total of the three orders took place in the first 55 days since Hyla’s acquisition by EDXC and extends into the first two fiscal quarters of 2023. The orders came from the Western US, a Central Asian nation and Dubai, UAE. The first two will bring $827,000 combined, with the Dubai order alone providing another $1.5 million — extending into the next six months and has the potential for accelerated growth, the Company says.
StockMarketPress is a media company which is spotlighting the cannabis industry analyzing how growth in cannabis legalization by state in 2022 could impact companies and investors. Some of the stocks it recently reported on include Endexx Corporation (OTC: EDXC), Amazon (NASDAQ: AMZN), Target (NYSE: TGT), Walgreens (NASDAQ: WBA) and CVS (NYSE: CVS), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC: SPRWF), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NASDAQ: CGC) CBD Unlimited, Inc. (OTC PINK: EDXC).
Todd Davis, EDXC CEO, says, “HYLA has been an important addition to our product offerings, while maintaining our mission statement of providing innovative, plant-based consumer products to the consumer. Importantly, this first set of orders put us on track to recoup the investment made to acquire Hyla by the second quarter of this year, and to significantly increase our overall revenue intake.”
Nick Mehdi, CEO of the Hyla Division, adds, “The Dubai, UAE market is very influential in identifying trends, consumer behavior and market expansion in the Mideast. Hyla products represent the best alternative to replace Nicotine based vape products, both internationally and here in the US. The Dubai transaction opens the entire market in the region and we anticipate significant growth in distribution.”
Todd Davis, CEO of EDXC, says, “Combined with both our CBD pain and men’s skincare products and our non-CBD skincare line, we believe we are creating an important nice franchise that will appeal to an increasingly wider audience worldwide. Our distribution for our Blesswell™ line includes some of the major retailers in the nation, including Target, CVS and Amazon, and we are confident that the Hyla acquisition — in addition to generating revenue from direct sales — will also provide us additional international access.”
Endexx Corporation (OTC: EDXC) recently announced expanded reach for all its products after it achieved distribution registration approval for its Hemp and CBD products In Louisiana, Alaska, Texas And Iowa as it seeks Registration in all 50 states. “We continue to work diligently to achieve registration in all 50 states, all while carefully watching the changes federally,” Davis says.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 email@example.com https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press