Welcome to our dedicated page for ENDEXX news (Ticker: EDXC), a resource for investors and traders seeking the latest updates and insights on ENDEXX stock.
Endexx Corporation (EDXC) is a pioneer in the plant-based wellness sector, offering high-quality m3cbd® hemp-based nutritional extracts rich in non-psychoactive phyto-cannabinoids and terpenoids. They also provide m3vape® starter kits and accessories to enhance the customer experience. Endexx is committed to formulating products that enhance bioavailability, affordability, and overall customer satisfaction. Their mission is to advance the understanding of cannabinoids through research and collaborations with medical professionals.
Recently, the company announced a strategic update on its auditing practices, opting to engage a new independent auditor, Victor Mokuolu, CPA PLLC, to align with their growth strategy and ensure transparency. This decision reflects Endexx's dedication to operational excellence and shareholder value.
Endexx Corporation (OTC:EDXC) announced a significant distribution agreement to sell its HYLA products in Egypt, valued over $1,000,000 USD for the next year, starting with a $200,000 USD initial order. The Egyptian market is experiencing a 15% annual growth in vape products, reflecting a growing demand for non-nicotine alternatives, as 24% of the population uses tobacco. CEO Todd Davis highlighted the brand’s successful expansion into international markets. The agreement aligns with the company’s mission of providing sustainable health and skincare solutions.
Endexx Corporation (OTC: EDXC) reported its fiscal first quarter results for 2023, showcasing a revenue increase to $320,369 from $274,591 year-over-year. In a promising development, HYLA shipments generated $456,400 from new product sales across four countries. While the company is seeing growth in the CBD wellness and skincare segments, supply chain challenges may affect production in 2023/2024. The CEO noted that HYLA's revenues are not yet consolidated into Endexx's financials, yet early successes are encouraging for future growth.
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