Endexx Corporation (OTC: EDXC) Fundamentally Changing Fast-Growing Worldwide Vaping Market With Its Hyla Brand Non-Nicotine Plant-Based Gua-rana Vaping Device; New CDC Study Shows 2.1 Million High School Students In US Vape
Endexx Corporation (OTC: EDXC) is fundamentally changing the fast-growing worldwide Vaping market with its Hyla brand non-nicotine plant-based Guarana vaping device. A new study by the FDA and Centers For Disease Control (CDC) finds 2.1 million high school students In US Vape. That’s 14% of all students. As part of volatility within the vaping market, giant player Altria cut cords and non-compete with its brand in the vaping market and is now free to acquire a ‘next generation’ vaping company, according to The Wall Street Journal.
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), 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).
Underscoring how intense the federal government’s eyes are on cannabis, President Biden last week pardoned all those who were convicted of simple marijuana possession. Some 6,500 individuals in were affected. Biden also asked for a review of how marijuana is classified under federal drug laws.
Endexx Corporation (OTC: EDXC) is making sharp inroads into the US and international vaping markets with its plant-based non-nictotine Guarana vape device. Hyla is being sold and marketed via Amazon (NASDAQ: AMZN), Target (NYSE: TGT), Walgreens (NASDAQ: WBA) And CVS (NYSE: CVS). Sales of Hyla brand Guarana-plant based Non-Nicotine Vaping In the US plus International Expansion are rapidly growing.
EDXC positioning bodes well in new possible vaping market as major player Altria now cuts cord from nicotine-based vaping/e-cigarette brand in which it had invested $12.8 billion in 2018. Now, two-thirds of the jobs at that brand are gone. Altria has ended its non-compete with that brand and is newly free to acquire or joint venture with a ‘next generation’ vaping/e-cigarette company, according to a new report in the Wall Street Journal.
The possible shakeup in the vaping/e-cigarette market by Altria’s move to cut cords with the brand it had invested nearly $13 billion into in 2018 bodes well for EDXC’s positioning as a US and international growth leader in non-nicotine vaping. Endexx states that its majority controlled subsidiary Hyla’s proprietary device produces an unprecedented number of 4,500 puffs per device. Its initial inventory of 140,000 devices were sold out within the initial months of its availability, Endexx says. It also says the device is CE approved and has UL global safety certification.
EDXC believes its acquisition of controlling interest in Hyla will expand its international distribution and mean a “significant increase in the company’s consolidated revenue, according to Todd Davis, EDXC CEO and Chairman. Nick Mehdi, Hyla CEO, commented, “With more than 1,000 stores carrying the (Hyla vaping product) in the U.S., and the potential to expand our market penetration to as many as 19 countries by the end of 2022, we are excited to add our product line to the already strong retail presence Endexx maintains.”
The new countries where Hyla’s vaping marketing approvals have been initiated include: Germany, Italy, Israel, Egypt, Slovenia, Romania, Iran and Bahrain. These eight new country markets if approved will be added to Hyla’s currently active markets including the US, Canada, Czech Republic, Georgia, Russia, Slovakia, South Africa, Switzerland, United Arab Emirates, the U.K., and Uzbekistan, the company says.
Making all this sweeter for the worldwide vaping market is Altra’s recent move to separate itself from its nicotine vaping brand. US authorities were concerned that a young demographic market was being lured by this tobacco-based brand. The brand has now agreed pay more than $525 million in settlements with US states, restructured its Board and faces an imminent bankruptcy in the face of thousands of lawsuits, some from school districts.
In contrast, EDXC offers a safe vaping alternative — non-nicotine plant based Guarana vaping.
In addition to the Hyla brand of non-nicotine vaping, EDXC also markets a complete line of skincare products including balms, creams, lotions, butters, masks, scrubs and oils. The goal is healthy skin and grooming wellness. Formulations have ingredients designed for optimal absorption and support of skin health.
This dovetails with the Company’s acquisition and marketing of safe, non-nicotine plant based vaping utilizing the Guarana plant.
Source: Stock Market Press
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