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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) 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.
Endexx Corporation (EDXC) reported financial results for the first quarter ending December 31, 2021, revealing a revenue increase to $274,591, compared to $148,786 for the same period in 2021. The company added 2,800 new retail locations during this quarter, reflecting ongoing growth despite supply chain challenges impacting production. CEO Todd Davis highlighted the success of their 'Muscle and Joint' products, indicating a strong demand. However, potential delays in production due to ingredient availability may affect future operations.
Endexx Corporation (OTC: EDXC) announced strategic advancements in its shareholder letter. The company is ramping up growth initiatives to reach 20,000 retail stores, aiming for $50 million in annual sales. Recently, Endexx reduced its derivative liabilities by 68% and is preparing for an OTCQB up-listing. Significant sales momentum was noted, with a 364% increase from Q3 to Q4. The firm is also optimizing online marketing strategies and strengthening its product offerings amidst positive legislative changes in the CBD and hemp sectors.
Endexx Corporation (OTC: EDXC) reported a 360% increase in Q4 sales compared to Q3, following a challenging fiscal year marked by a 43% revenue decline due to the pandemic and retail market slowdowns. Key milestones include the launch of the Blesswell men’s skincare line with DJ Khaled, international expansion in Jamaica, and significant retail growth with expanded shelf space. The company has also reduced long-term debt by 13.5% and derivative liability by 68%. With these adjustments, Endexx aims to accelerate growth into fiscal 2022.
Endexx Corporation (OTC: EDXC) has expanded its BLESSWELL™ skincare line, introducing three facial products at select CVS Health stores and online at CVS.com. Launched in May 2021, the BLESSWELL™ collection features eco-friendly skincare products infused with 300mg of CBD, aligning with CVS's commitment to health and wellness. The available products include a Blue Charcoal Clay Mask, Daily Moisturizer, and Facial Cleaning Scrub, all designed for various skin types. This partnership enhances BLESSWELL™'s national presence and meets growing consumer demand for CBD-infused wellness products.
Endexx Corporation (OTC: EDXC) has announced significant growth by adding 2,800 retail locations to its distribution network in December 2021. The company aims to have its products in 20,000 stores by the end of 2022, leveraging increased consumer demand and expanding into major retail chains. The recent introduction of the Blesswell™ brand further enhances its offerings in the CBD wellness sector. Endexx's commitment to quality and innovation positions it favorably in a projected $6 billion CBD market by 2025.
Endexx Corporation (OTC: EDXC) has relaunched its GROOMED x BLESSWELL™ Chicago Pop-Up Shop, offering upscale grooming services using CBD-infused products. Open from Nov. 17 to Dec. 31, 2021, at the Kimpton Gray Hotel, the shop features a range of services and products, including a men’s grooming line designed to enhance self-care. The pop-up aims to tap into the barbershop market, projecting significant growth with high customer conversion rates. BLESSWELL™ products will be available for purchase, alongside gift cards for the holiday season.
The BLESSWELL™ brand will relaunch its GROOMED x BLESSWELL™ Chicago Pop-Up Shop on November 17, 2021, located at the Kimpton Gray Hotel. This pop-up will offer premium grooming services, including cuts, shaves, and facials until December 31, 2021. Customers can enjoy services with a minimum product purchase of $25. BLESSWELL™ products, infused with CBD, will also be available on-site. The venue features a spa-like atmosphere with gaming options and cocktails. This initiative aims to enhance brand engagement during the holiday season.
Endexx Corporation (EDXC) announces a potential increase in visitors to its Ocho Rios Herb House following Jamaica's reopening to international cruise traffic. The cruise industry, significantly impacted by the pandemic, is expected to recover with the Jamaica Port Authority's plans for all cruise ports to operate by the end of 2021. The Herb House, which offers premium marijuana products, could attract approximately 30,000 customers annually based on 2019 visitor data, with potential revenues reaching $900,000. Further expansion into European markets is anticipated, positioning EDXC as a global cannabis player.
Endexx Corporation (OTC: EDXC) announced that it has received vendor approval from a major drug chain to launch its BlessWell™ product line in approximately 1,000 stores across North America. The company plans to ship products by year-end, aligning with its goal of reaching 5,000 stores in the post-pandemic retail landscape. The BlessWell™ brand, launched with the influence of DJ Khaled, has gained traction through celebrity endorsements and a recent pop-up store in Chicago. Additionally, Endexx anticipates a nationwide rollout of its CBD Unlimited™ Value Line of products.
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