Galexxy Holdings Inc., Moves Towards OTC: QX Markets Listing

Rhea-AI Summary

Galexxy Holdings Inc. (OTC: GXXY) announced the appointment of BF Borgers PCAOB to conduct an audit, initiated on January 3, 2023, with completion expected in February. CEO Iain Saul highlighted that the audit's completion is a critical step towards achieving an OTC QX listing and filing a Form 10 with the SEC, laying a foundation for a future NASDAQ up-listing. The company has also reported positive marketing results and anticipates announcements regarding production and international distribution soon. Galexxy operates through its subsidiary Wellbeing Farms in California and has expanded its market presence in natural health supplements since April 2021.

Positive

• Appointment of BF Borgers PCAOB for audit expected to enhance credibility.
• Planned OTC QX listing and SEC Form 10 filing could attract more investors.
• Anticipated announcements regarding increased production and international distribution.

Negative

• None.

Newport Beach, CALIFORNIA, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Galexxy Holdings Inc., (“Galexxy” or “Company”) (OTC: GXXY) is pleased to advise the appointment of BF Borgers PCAOB to undertake an audit which was initiated on January 3, 2023 and is expected to be finalized in February.

Galexxy’s CEO, Iain Saul stated that; “Galexxy’s Audit completion will enable the Company to achieve an OTC QX listing and file a Form 10 with the SEC. These are important steps towards our longer-range plan of up-listing onto the NASDAQ”.

Mr Saul further stated that; “Galexxy’s marketing plan is achieving expected results which were reported in its most recent Press Releases, and that significant gains in production and international distribution are soon to be announced”.

Galexxy is headquartered in Newport Beach and its 100% owned subsidiary, Wellbeing Farms has manufacturing facilities in Murietta, California. Galexxy’s shares are publicly traded on the OTC Markets (OTC: GXXY).

Galexxy entered the rapidly developing markets for premium natural plant-based consumer health supplement products in April 2021 and completed its acquisition of Wellbeing Farms LLC., on August 4, 2022 and purchased 69% of ABC Wholesale Products LLC., on August 12, 2022.

Galexxy Holdings Inc.
Iain Saul
E: iain@galexxyholdings.com
M: (801) 243 9570

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 at the date of this press release.

www.wellbeingfarms.com

https://twitter.com/GXXYHoldings

FAQ

What is the purpose of Galexxy Holdings Inc.'s audit initiated on January 3, 2023?

The audit aims to enable Galexxy Holdings Inc. (OTC: GXXY) to achieve an OTC QX listing and prepare for filing a Form 10 with the SEC.

When is Galexxy Holdings Inc.'s audit expected to be completed?

The audit for Galexxy Holdings Inc. is expected to be finalized in February 2023.

What are the future plans for Galexxy Holdings Inc. after the audit?

After the audit, Galexxy Holdings Inc. plans to pursue a NASDAQ up-listing.

What recent developments has Galexxy Holdings Inc. reported?

Galexxy has noted positive results from its marketing plan and expects announcements on production and international distribution soon.