Endexx Corporation (OTC: EDXC) Paces Change In Vaping Market To Non-Nicotine Plant Based Guarana Internationally Via Amazon (NASDAQ: AMZN); President Biden Pardons All People Convicted On Federal Charges Of Canna-bis Possession, Seeks Decriminalization Of Marijuana
Endexx Corporation (OTC: EDXC) Paces Change In Vaping Market To Non-Nicotine Plant Based Guarana Internationally Via Amazon (NASDAQ: AMZN) With a intensified focus on cannabis, President Biden pardons all people convicted on federal charges of Cannabis possession and seeks decriminalization of Marijuana. EDXC’s Hyla brand of Guarana-plant based Non-Nicotine Vaping In US is expanding at retail in the U .S and is growing to as many as 19 countries globally by end of 2022.
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)
EDXC is positioning itself well in a global shakeup of what had been a tobacco-based vaping marketed to a young demographic. As major player Altria now cuts cord from nicotine-based vaping/e-cigarette brand in which it had invested $12.8 billion in 2018. 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.
EDXC believes its new acquisition of controlling interest in non-nicotine plant based vaping brand 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.”
In the U.S., Hyla vaping products are already on the retail shelves at major chains including Target (NYSE: TGT), Walgreens (NASDAQ: WBA) and CVS (NYSE: CVS).
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.
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.
For additional information on the Hyla brand non-nicotine plant-based vaping acquisition, please see Endexx’s recent Form 8-K filing.
Source: Stock Market Press
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