Endexx Corporation’s (OTC: EDXC) Hyla Brand Plant-Based Vaping Surges In In-ternational Markets, Lands $2.3 Million In New Orders In First 55 Days Since Ac-quisition; EDXC Says It Is On Track To Recoup Investment That Acquired Hyla Brand
Endexx Corporation’s (OTC: EDXC) Hyla brand plant-based Vaping surges in international markets, lands $2.3 million in new orders in first 55 days since acquisition. EDXC says Hyla’s vaping sales are so strong that EDXC is now on track to recoup its acquisition investment that bought the Hyla Brand. Combined, orders from the Western US, a Central Asian nation and Dubai, UAE, totaled $2.3 million, EDXC says. That all came within the first 55 days after acquisition. The first two will bring $827,000 combined, with the Dubai order alone providing another $1.5 million into the first fiscal quarters of 2023. It also has the potential for accelerated growth, the Company says..
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).
Todd Davis, CEO of EDXC, says, “Combined with both our CBD pain and men’s skincare products and our non-CBD skincare line, we believe we are creating an important nice franchise that will appeal to an increasingly wider audience worldwide. Our distribution for our Blesswell™ line includes some of the major retailers in the nation, including Target, CVS and Amazon, and we are confident that the Hyla acquisition — in addition to generating revenue from direct sales — will also provide us additional international access.”
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.”
Todd Davis, EDXC CEO, says, “HYLA has been an important addition to our product offerings, while maintaining our mission statement of providing innovative, plant-based consumer products to the consumer. Importantly, this first set of orders put us on track to recoup the investment made to acquire Hyla by the second quarter of this year, and to significantly increase our overall revenue intake.”
Endexx Corporation (OTC: EDXC) recently announced expanded reach for all its products after it achieved distribution registration approval for its Hemp and CBD products In Louisiana, Alaska, Texas And Iowa as it seeks Registration in all 50 states. “We continue to work diligently to achieve registration in all 50 states, all while carefully watching the changes federally,” Davis adds.
Source: Stock Market Press
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