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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) announces the first production run of its HYLA division's new 4500 puff vape system. The company secured two significant purchase orders totaling over 200,000 units in just the first month post-acquisition. The zero-nicotine vape product is designed to fill the gap left by banned flavored nicotine products. It leverages ingredients like Guarana and Levodopa, appealing to both U.S. and Asian markets. CEO Todd Davis highlights this product as an innovative response to emerging market demands.
Endexx Corporation (EDXC) has strengthened its balance sheet following the acquisition of HYLA US Holdco Limited, a producer of guarana-based vape products. The company announced marketing approvals in eight new countries, expanding its international presence. The acquisition is expected to enhance revenue and simplify debt structure, replacing convertible debt with a straightforward promissory note. HYLA's products feature no nicotine, increasing market appeal amid rising demand for healthier vaping options.
Endexx Corporation (OTC:EDXC) has acquired a controlling interest in Hyla US Holdco Limited, a distributor of organic, zero-nicotine vape products. This acquisition enhances Endexx's international distribution in 10 countries, including the UK and Dubai, which is expected to boost sales of its Blesswell men's skincare line and CBD products. Additionally, this move is anticipated to significantly increase consolidated revenues, leveraging Hyla's successful product launch. CEO Todd Davis emphasizes the growth potential within new vape markets and expansion opportunities.
Endexx Corporation (EDXC) announced that its men's skincare line, Blesswell, is now available on Amazon.com, joining Target, Walgreens, and CVS as retail partners. This expansion means Endexx's products are now carried by four of the top eight retailers in the U.S., enhancing their national accessibility. CEO Todd Davis highlighted the importance of this milestone, especially as studies show that 52% of retail searches begin on Amazon. The global men's skincare market is estimated to exceed $12 billion, suggesting strong growth potential for Blesswell amidst a competitive landscape.
Endexx Corporation (OTC: EDXC) announced significant growth in its fiscal third quarter ending June 30, 2022, reporting revenues of $418,151, a remarkable 246% increase compared to $120,801 in Q3 2021. Over nine months, revenues surged 127% to $947,428 from $416,094 year-over-year. The company emphasizes its presence in 8,000 retail locations and its position as a top seller of CBD products in national pharmacies. However, the financial results were impacted by a non-cash derivative liability linked to trading irregularities. Future growth is anticipated as market conditions evolve.
Endexx Corporation (EDXC) has expanded its presence from 3,500 to over 8,000 stores nationwide, recovering fully from the impacts of the COVID-19 pandemic. This growth reflects a 130% increase in mass retail stores since December 2021. CEO Todd Davis noted a strategic pivot towards price-sensitive and high-quality products, focusing on offerings with high rebuy rates. The company aims to engage with top mass retailers over the next 12-24 months, with positive buyer meetings indicating strong interest in products that perform well, even in economic downturns.
Endexx Corporation (EDXC) is expanding its Blesswell™ Men’s Skincare line into mass retail, now available in over 8,000 stores, including select Target locations. The company aims to position itself within the premium men's skincare and grooming market, offering high-quality products at affordable prices. Despite inflationary pressures, Endexx has reduced production costs, maintaining value for consumers. CEO Todd Davis anticipates positive growth driven by 'the Target Effect', reflecting optimism in the product’s market fit.
Endexx Corporation (EDXC) has received clearance to sell its Hemp-Derived skincare products on Amazon, which are THC and CBD-free, ensuring regulatory compliance in the USA, Mexico, and Canada. Pending approvals in Japan, the UK, and Australia will further enhance its market reach. The new product line aims to optimize consumer engagement and capitalize on Amazon's shopping platform, addressing consumer demand for wellness products. The rollout will feature up to six SKUs, with plans for expansion into mass retail stores.
Endexx Corporation (OTC: EDXC) will present at the LD Micro Invitational XII on June 8, 2022, at 10:30 am PST. The event takes place at the Four Seasons Westlake Village, showcasing innovation in Hemp-derived wellness and nutritional products. CEO Todd Davis will discuss company expansion and increasing retail presence in the U.S. The conference from June 7-9 features 185 companies, offering private investors a chance for one-on-one meetings with management. Attendees can look forward to engaging discussions in a vibrant setting.
Endexx Corporation (OTC: EDXC) reported a significant 73% year-over-year increase in revenues for Q2 2022, totaling $254,686 compared to $146,507 in Q2 2021. For the first half of the fiscal year, revenues rose by 79% to $529,277. The growth is attributed to the addition of 2,800 new mass retail locations. CEO Todd Davis noted challenges from the pandemic and inflation on smaller wholesale clients, but emphasized strength in mass retail operations. Endexx is also planning a Regulation A capital raise to support expansion and reduce liabilities.
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