MedX Holdings Inc. Acquires Dazed Inc., to Expand into Cannabis Retail and Public Consumption

Rhea-AI Summary

MedX Holdings Inc. (OTC: MEDH) announced its acquisition of Dazed Inc., a Texas-based cannabis company with over 15 years of operational history. The acquisition aims to position MEDH as a vertically integrated player in the cannabis industry, aligning with the anticipated federal legalization of cannabis. Dazed Inc. operates seven locations in Texas and plans to expand into markets like Colorado and Nevada. CEO Hans Enriquez emphasized the strategic importance of this acquisition in achieving the company's long-term operational goals in the rapidly growing cannabis market.

Positive

• Acquisition of Dazed Inc. enhances MEDH's position in the cannabis industry.
• Dazed Inc. has a strong brand presence and established market with seven locations.
• Plans for nationwide expansion into states like Colorado, Oklahoma, and Nevada.
• Alignment with potential federal legalization of cannabis boosts growth prospects.
• Strategic move towards vertical integration in the cannabis sector.

Negative

• None.

CHEYENNE, Wyo., Aug. 13, 2021 (GLOBE NEWSWIRE) -- MedX Holdings Inc. (OTC: MEDH) (“MEDH” or the “Company”), a brands management and acquisition company, today announces it is acquiring Dazed Inc., as a wholly owned subsidiary.

Dazed Inc, a Texas company, established in 2007 has an operating history of over 15 years in the cannabis space which includes related products and services. Dazed Inc. is ever-expanding, even Rolling Stone gave the brand a shout-out in the popular Willie Nelson issue. The brick and mortar concept, The Lazydaze brand was established in 2004, and is perfectly positioned for the inevitable legalization of cannabis. “With federal legalization on the horizon, we are confident that offering the two most consumed commodities in the world, coffee and cannabis, under one roof is a homerun. There is an obvious need for public consumption lounges and we are here to fill that need.” There are currently seven locations in Texas that are a mix of corporation-owned, licensed and franchised units. Dazed Inc., plans to take his concept nationwide, taking special interest in the Colorado, Oklahoma and Nevada markets.

“Bringing in Dazed Inc. is a huge step for us and we are excited to start a new chapter. Dazed Inc., is just one of several internal and external acquisitions under MEDH in achieving our long-term operational strategy as a vertically integrated cannabis company from retail to industrial to medical. We intend on building the Lazydaze brand and expanding into established markets. We look forward to providing to shareholders additional updates and milestones as they unfold,” stated Hans Enriquez, CEO of MEDH. The Company intends to announce additional subsidiaries in the near future, following the release of its upcoming annual report.

About MedX Holdings Inc.:
MedX Holdings Inc. (OTC: MEDH) is a brands and acquisition company. Our vision is to develop brands and the ancillary infrastructure needed to create demand through vertical integration, strategic partnerships, licensing, franchising, as well as to provide solutions to the emerging hemp and cannabis industry. For more information, visit www.MedXHoldings.co

Follow us on Twitter @MedX_Holdings

Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements.

MEDH Contact:
MedX Holdings Inc.
(737) 777 0420
Info@MedXHoldings.co

FAQ

What is the recent acquisition by MEDH?

MedX Holdings Inc. has acquired Dazed Inc., a Texas-based cannabis company.

What is the significance of the Dazed Inc. acquisition for MEDH?

The acquisition positions MEDH as a vertically integrated player in the cannabis industry, aligning with upcoming legalization trends.

How many locations does Dazed Inc. currently operate?

Dazed Inc. currently operates seven locations in Texas.

What markets is Dazed Inc. planning to expand into?

Dazed Inc. plans to expand into Colorado, Oklahoma, and Nevada.

What are MEDH's future plans following the acquisition?

MEDH intends to announce additional subsidiaries and continue its long-term operational strategy.