Endexx Corporation (OTC: EDXC) Secures $3.8 Million And $1.5 Million Or-ders From ‘Influencer’ Countries/Markets Italy And Dubai For Hyla Brand Plant-Based Vaping; They Drive A Cumulative $6 Million In Company Volume For The First Two Quarters Of 2023
Endexx Corporation (OTC: EDXC) secures $3.8 Million and $1.5 Million orders from ‘Influencer’ countries/markets Italy And Dubai for Hyla Brand plant-based vaping; they drive $6 Million in Company volume for the first two quarters of 2023
significantly surpassing its revenue for all of prior Fiscal Year. Order comes from ‘influencer countries/markets’ customers in Italy and Dubai, meaning it expands the impact of the Company’s volume ‘footprint’. Todd Davis, CEO of EDXC, says Hyla continues to perform beyond the Company’s ‘early-stage expectations.’
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) 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).
Not only is its non-nicotine Hyla plant based acquisition outperforming in its first sixty days of its fiscal year 2023, it is also benefitting from the impact of its far-reaching ‘influencer’ increased importance
“Hyla continues to perform beyond our early-stage expectations since the acquisition of August 31st,” said Todd Davis, CEO of EDXC. “Our revenue has dramatically improved as markets and countries continue to seek alternative options to nicotine vaping. HYLA has been in demand for both its natural ingredients, including Guarana and L-dopa, and feedback on the superior experience and assortment.”
In addition, HYLA has grown its impact in both Italy and Dubai — countries known for their fashion-forward and trendiness-forward influence.
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.”
Italy, too, has established a reputation as a fashion trendsetter. Plant-based vaping is a perfect product establishing that kind of natural plant trendline.
Davis added,” The opening of the corridor from Italy eastward is important to us as Italy has long proven to be a key market internationally. Such significant purchase orders bode well for these additional regions.
“We look forward to having those follow suit, as well as, providing opportunities for our other CBD-based pain and men’s grooming products. Our progress thus far is very encouraging as we have secured nearly $7 million in revenue in the first sixty days of our fiscal 2023. We will continue to provide breaking news and updates as sales accelerate.”
Endexx Corporation (OTC: EDXC) sees its future in international expansion and positioning in the Non-Nicotine Vaping brand from its Hyla subsidiary’s Guarana-based product. The Company is planning for placement in up to19 countries by the end of 2022, Nick Mehdi, Hyla CEO, says. The Company has initiated marketing approvals in new countries — including Germany, Israel and Italy. The takeover of Hyla meshes with the EDXC existing strategy of marketing a complete and natural wellness line of skincare products.
Endexx further states that the Hyla 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.
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 firstname.lastname@example.org 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