Endexx Corporation (OTC: EDXC) Secures $3.8 Million Order From Italy For Hyla Brand Plant-Based Vape, Driving $6 Million In Company Volume For The First Two Quarters On 2023, Significantly Surpassing Its Revenue For All Of Prior Fiscal Year
Endexx Corporation (OTC: EDXC) Secures $3.8 Million Order From Italy For Hyla Brand Plant-Based Vape, Driving $6 Million In Company Volume For The First Two Quarters On 2023, Significantly Surpassing Its Revenue For All Of Prior Fiscal Year. Order comes from customers in Italy meaning it is influential and expand the Compny’s ‘footprint’ to the East. Todd Davis, CEO of EDXC, says Hyla continues to perform beyond Company’s ‘early-stage expectations.’
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“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.”
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, and 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 eight 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
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