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Galexxy Holdings Inc. Announces New Company with Tyler Whitehead as CEO and Co-Founder

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Galexxy Holdings Inc. announces the creation of a new company, Adaptin, , focusing on the functional mushroom and adaptogen market. Adaptin aims to tap into the rapidly growing $32B global market by offering innovative products and business models. Tyler Whitehead is appointed as CEO and Co-Founder, with Galexxy maintaining a 56.5% ownership stake. The partnership aims to drive innovation, expand globally, and enhance customer engagement.

Galexxy Holdings Inc. annuncia la creazione di una nuova azienda, Adaptin, focalizzata sul mercato dei funghi funzionali e degli adattogeni. Adaptin mira a penetrare il mercato globale in rapida crescita da 32 miliardi di dollari, offrendo prodotti innovativi e modelli di business. Tyler Whitehead è stato nominato CEO e Co-Fondatore, con Galexxy che mantiene una partecipazione del 56,5%. La partnership ha l'obiettivo di guidare l'innovazione, espandersi globalmente e migliorare l'interazione con i clienti.
Galexxy Holdings Inc. anuncia la creación de una nueva empresa, Adaptin, enfocada en el mercado de hongos funcionales y adaptógenos. Adaptin busca ingresar en el mercado global de 32 mil millones de dólares ofreciendo productos innovadores y modelos de negocio. Tyler Whitehead ha sido nombrado CEO y Cofundador, con Galexxy manteniendo una participación del 56,5%. La asociación pretende impulsar la innovación, expandirse globalmente y mejorar el compromiso con los clientes.
Galexxy Holdings Inc.는 기능성 버섯과 적응생물 시장에 집중하는 새로운 회사인 Adaptin을 창업한다고 발표했습니다. Adaptin은 혁신적인 제품과 비즈니스 모델을 제공하면서 빠르게 성장하는 320억 달러 규모의 글로벌 시장에 진입하고자 합니다. Tyler Whitehead가 CEO 겸 공동 창립자로 임명되었으며, Galexxy는 56.5%의 지분을 유지합니다. 이 파트너십은 혁신을 주도하고 글로벌로 확장하며 고객 참여를 강화하는 것을 목표로 합니다.
Galexxy Holdings Inc. annonce la création d'une nouvelle entreprise, Adaptin, se concentrant sur le marché des champignons fonctionnels et des adaptogènes. Adaptin vise à s'introduire sur le marché mondial en rapide croissance, évalué à 32 milliards de dollars, en proposant des produits innovants et des modèles commerciaux. Tyler Whitehead est nommé PDG et co-fondateur, avec une participation de 56,5% maintenue par Galexxy. Le partenariat a pour but de stimuler l'innovation, de s'étendre globalement et d'améliorer l'engagement des clients.
Galexxy Holdings Inc. kündigt die Gründung eines neuen Unternehmens, Adaptin, an, das sich auf den Markt für funktionelle Pilze und Adaptogene konzentriert. Adaptin zielt darauf ab, in den schnell wachsenden globalen Markt mit einem Volumen von 32 Milliarden Dollar einzusteigen, indem es innovative Produkte und Geschäftsmodelle anbietet. Tyler Whitehead wurde als CEO und Mitbegründer ernannt, wobei Galexxy einen Anteil von 56,5 % behält. Die Partnerschaft beabsichtigt, Innovation voranzutreiben, global zu expandieren und die Kundenbindung zu verbessern.
Positive
  • Creation of a new company, Adaptin, , to capitalize on the $32B global functional mushroom and adaptogen market.

  • Appointment of Tyler Whitehead as CEO and Co-Founder, bringing over 45 years of combined experience in nutrition, personal care, and beauty companies.

  • Strategic decision to dissolve Galexxy, , focusing on the new venture with Adaptin in the rapidly growing wellness market.

  • Focus on innovative products and new business models to cater to health and wellness customers and brand creator advocates.

  • Galexxy Holdings maintains a 56.5% ownership stake in Adaptin , showcasing commitment to funding and supporting sustained success.

Negative
  • Retirement of Geza Molnar as CFO and Board Member, indicating a change in the leadership team.

  • Transition from Galexxy to Adaptin may pose challenges in brand recognition and market positioning.

NEWPORT BEACH, CA / ACCESSWIRE / May 1, 2024 / Galexxy Holdings Inc. ("Galexxy" or "Company") (OTC PINK:GXXY) funds Adaptin, a new company in the expanding $5.6 trillion-dollar global wellness market.

Galexxy Holdings, Inc. is pleased to announce the creation of a new company, Adaptin, LLC ("Adaptin"). The new company will provide enhanced opportunities in the rapidly growing functional mushroom and adaptogen market, valued at USD $32B globally in 2023, and expected to grow at a compound annual growth rate of 11.2% through 2030. In connection with the formation of Adaptin, the Company has made the strategic decision to dissolve Galexxy, LLC.

"We are thrilled to embark on this transformative journey along with Tyler and Elizabeth," said Michael Biagi, CEO of Galexxy. "We are fortunate to have their vision, along with over 45 years combined experience leading nutrition, personal care, and beauty companies, as we bring innovative products and new business models to market." Tyler Whitehead has been appointed CEO and Co-Founder and Elizabeth Thibaudeau has also joined Adaptin as a Co-Founder.

Adaptin's strategic approach will create new accessible categories of potent, clean, and safe adaptogens combined with powerful and transparent new omnichannel compensation plans to provide unparalleled opportunities for its community of health and wellness customers and brand creator advocates.

"We are excited to partner with Mick and the strength of the team at Galexxy to continue to innovate and bring new wellness solutions into the rapidly changing direct selling landscape," said Tyler Whitehead. He continued, "with an aligned shared vision for Adaptin, and I looking forward to bringing this business forward."

Galexxy Holdings, Inc. will maintain a 56.5% ownership stake in Adaptin LLC, underscoring our commitment to funding and supporting sustained success in this category. This new partnership will leverage the strengths of the new entity to drive innovation, enhance global market expansion potential, and demonstrate that we remain focused on bringing the highest quality products and sustained customer engagement across all our Galexxy holdings.

Galexxy is also announcing the retirement of Geza Molnar as CFO and Board Member, and Tyler will be appointed to the Galexxy Holdings Board of Directors.

Fill out the Contact Us form to receive a 2-page document on how to participate.

https://galexxyholdings.com/#contactus

Contact:

Galexxy Holdings Inc.
Rachel Fyffe, VP Communications
E: Rachel@galexxyholdings.com
O: (949) 418-7450

Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as of the date of this press release.

www.galexxyholdings.com
www.wellbeingfarms.com
www.galexxy.com

SOURCE: Galexxy Holdings Inc.



View the original press release on accesswire.com

FAQ

Who is the new CEO and Co-Founder of Adaptin, ?

The new CEO and Co-Founder of Adaptin, is Tyler Whitehead.

What market is Adaptin focusing on?

Adaptin is focusing on the functional mushroom and adaptogen market.

What is the expected growth rate of the functional mushroom and adaptogen market through 2030?

The functional mushroom and adaptogen market is expected to grow at a compound annual growth rate of 11.2% through 2030.

What is Galexxy Holdings' ownership stake in Adaptin ?

Galexxy Holdings maintains a 56.5% ownership stake in Adaptin

Who is retiring from Galexxy Holdings as CFO and Board Member?

Geza Molnar is retiring from Galexxy Holdings as CFO and Board Member.

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