Endexx Corporation (OTC: EDXC) Revolutionizing Global Vaping Market With Its Hyla Brand Non-Nicotine Plant Based Guarana Via Amazon (NASDAQ: AMZN); US Presses Federal Legalization Of Cannabis Nationally, But Cana-da’s Four-Year Legalization Effort Spells Risks For US Pot Stocks, Investors
Endexx Corporation (OTC: EDXC) is revolutionizing the global Vaping Market with its Hyla brand non-nicotine plant based Guarana via Amazon (NASDAQ: AMZN). Meanwhile, the US presses Federal Legalization of cannabis nationally, but Canada’s four-year legalization effort spells risks for US Pot Stocks and their investors, according to an analysis by The Wall Street Journal. In a volatile global vaping market, EDXC appears to hold the high ground with its international non-nicotine Hyla brand. It hopes to sell in 19 countries internationally by the 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 positioned well in a global shakeup of global vaping in what had been a tobacco-based vaping marketed to a young demographic. As major player Altria now cuts cord from its own 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.
Todd Davis, EDXC CEO and Chairman, notes that 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.
Meantime, US authorities are pressing for cannabis legalization federally after President Biden pardoned all people convicted of possessing pot prior. But one look at Canada’s four-year experiment with pot legalization tells a different story. In Canada, all these years later, one-third of all Canada’s pot sales still occur in the black market, WSJ research shows.
In the U.S., pot stores remain ‘unbanked’ and cannot make ordinary deductions for normal business expenses. As a result, they face tax rates as high as 70%. Expectations for US cannabis stocks are already low for investors, despite initial high hopes.
As a result, prospects for worldwide vaping from the non-nicotine Hyla brand from EDXC are high. US authorities view companies marketing nicotine products to a younger demographic poorly. That’s why non-nicotine Hyla’s success is seen positively by an investment community viewing a future in plant based Guarana vaping as an alternative.
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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