MedX Holdings Inc. Acquires Smart Brands Digital to Manage Brand Visibility

Rhea-AI Summary

MedX Holdings (OTC: MEDH) has acquired Smart Brands Digital, LLC, which will enhance online marketing and brand visibility for MEDH's hemp and CBD products. This acquisition marks a key step in MEDH's operational strategy aimed at vertical integration and market expansion. CEO Hans Enriquez indicated that this is the first of several planned acquisitions, with more subsidiaries anticipated in conjunction with the upcoming annual report. This strategic move is expected to facilitate MEDH's growth in the burgeoning cannabis industry.

Positive

• Acquisition of Smart Brands Digital enhances online marketing for CBD products.
• Strategic move aligns with MEDH's long-term operational strategy for market expansion.
• Anticipation of additional acquisitions supports growth in the cannabis sector.

Negative

• None.

CHEYENNE, Wyo., Feb. 23, 2021 (GLOBE NEWSWIRE) -- MedX Holdings Inc. (OTC: MEDH) (“MEDH” or the “Company”), a brands management and acquisition company, today announces it has acquired Smart Brands Digital, LLC as a wholly owned subsidiary.

Smart Brands Digital, a Texas company, will be responsible for the online product marketing and brand awareness of MEDH’s various hemp and cannabidiol (CBD) products and initiatives.

“Bringing in Smart Brands represents the first phase of several acquisitions under MEDH in achieving our long-term operational strategy. We look forward to providing to shareholders additional updates 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 purpose of MedX Holdings' acquisition of Smart Brands Digital?

The acquisition aims to improve online marketing and brand awareness for MEDH's hemp and CBD products.

When was Smart Brands Digital acquired by MedX Holdings?

The acquisition was announced on February 23, 2021.

What is the significance of the acquisition for MEDH?

It represents a strategic step in MEDH's long-term operational strategy and expansion within the cannabis industry.

Will MedX Holdings announce more acquisitions in the future?

Yes, additional subsidiaries are expected to be announced following the upcoming annual report.

How does the Smart Brands Digital acquisition impact MedX Holdings' shareholders?

It is expected to enhance brand visibility and potentially drive growth, which could benefit shareholders.