Endexx’s International Division, Go Green Global, Initiates Soft-Launch of its Herb House Dispensary in Ocho Rios, Jamaica

Rhea-AI Summary

Endexx Corporation (EDXC) has launched a new "Herb House" in Ocho Rios, Jamaica, marking its first licensed store to sell medical marijuana and other products through its subsidiary, Go Green Global Enterprises. Located in a key tourist area, this shop allows on-site consumption and aims to attract cruise passengers. The company’s CEO, Todd Davis, expressed optimism about revenue growth in the global cannabis industry and highlighted the significance of this launch after acquiring Go Green Global in 2018 and obtaining necessary licenses from Jamaican authorities.

Positive

• Launch of 'Herb House' in a high-traffic tourist area in Jamaica.
• First licensed store to sell medical marijuana in Jamaica.
• Potential for significant revenue growth in the global cannabis market.
• Expansion of distribution and wholesale channels planned for 2021/2022.

Negative

• None.

Cave Creek, AZ, Aug. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Endexx Corporation (OTC: EDXC), a provider of innovative Hemp-derived wellness and nutritional products, is pleased to announce the soft launch of a new “Herb House” in Ocho Rios, Jamaica through its international subsidiary, Go Green Global Enterprises, Inc. (G3) and its partner Go Green Global Limited (a Jamaican Corporation).

In the heart of the Taj Mahal Shopping Center in Ocho Rios and as a year-round tourist destination, the store is now unveiled as Go Green Global’s first licensed store to carry premium medical marijuana, “ganja”, and other superior products available for purchase. The store features an Herb House Lounge for on-site consumption, products for sale, and serve as a premium location for customers to experience and enjoy while shopping. In addition to being a high-end commercial real estate location, the store is located conveniently as a last stop for tourists before they depart on vacation cruise ships and daily adventure tours to the nearby Ocho Rios waterfall attractions. The shop is ideally located with a restaurant and bar directly upstairs and high foot traffic premium goods and gift shops as its neighbors.

On August 16, 2021, Carnival Cruise Line docked at the Port of Ocho Rios in St Ann. This is the first international cruise to visit Jamaica since the start of Covid-19. More premium cruise lines are anticipated to slowly re-enter the Caribbean waters and ports of Jamaica. This is the beginning of the return of tourism to Jamaica and the Caribbean.  

“We are thrilled to officially commence business in Jamaica and initiating the global market revenue growth phase. As a foundation for international markets, we believe that Jamaica is the perfect place to originate and develop a primary global brand and retail footprint. As we continuously research innovative ways to reach consumers, we are confident that we will achieve significant revenue growth in our new business endeavors in the global cannabis industry,” commented Mr. Todd Davis, Chief Executive Officer and Chairman of Endexx.  Davis added, “Through 2021/2022, Go Green Global (G3) will continue to offer tremendous growth opportunities that we plan to take, while adding more distribution and wholesale channels for our global customers. Our global mission is to reach millions of consumers with our scientific and medical approach as we kick-off our new venture into the international marketplace.” Davis concluded, “Go Green Global was acquired in 2018, and we filed for our Dispensary and Cultivation licenses with the CLA division of Jamaica. After three years of working diligently with the CLA and our team in Jamaica, the accomplishment is significant and potentially a big boom for our global initiative.”

About Endexx

Endexx develops and distributes all-natural products from the cannabis sativa-L plant (Hemp) with less than 0.01% THC (legal limit is 0.3%).  Its products range from topicals, capsules, oil tinctures, and pet products, to consumables like tea, coffee, and health drinks, all with the shared purpose of achieving high therapeutic value and improved quality of life. Since 2014, the science behind these products involves six years of research and clinical observations as a foundation to produce the accuracy in dosage per each serving and targeted-delivery systems.

Safe Harbor Notice

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements.

Contact:

For further investor and media information, contact:

Endexx

Todd Davis

Chairman CEO

endexx@endexx.com

480-595-6900

FAQ

What is the significance of Endexx's new Herb House in Jamaica?

The Herb House is Endexx's first licensed outlet to sell medical marijuana, strategically located in a popular tourist destination, potentially driving significant revenue.

What products will be sold at the Herb House in Ocho Rios?

The Herb House will offer premium medical marijuana and other related wellness products.

When was the Herb House launched?

The Herb House was soft-launched on August 23, 2021.

How does the launch of the Herb House affect Endexx's business strategy?

The launch is part of Endexx's strategy to expand its global market presence and revenue growth in the cannabis sector.

What were the key challenges Endexx faced in launching the Herb House?

Endexx faced challenges in obtaining the necessary dispensary and cultivation licenses, which took three years to secure.