MedX Holdings Inc. continues to grow and Acquires Counterculture Brands Inc. a cannabis licensing and franchising company

Rhea-AI Summary

MedX Holdings Inc. (OTC: MEDH) announced the acquisition of Counterculture Brands Inc., a key player in the cannabis industry. This strategic move is aimed at expanding MEDH's brand portfolio, focusing on the licensing and franchising of Lazydaze and Coffeeshop Brands, which are set to benefit from the anticipated legalization of cannabis. The integration aims to enhance shareholder value and target emerging markets. MEDH plans to extend its franchise operations, with a new location in Tampa, FL, expected in Q1 2022.

Positive

• Acquisition of Counterculture Brands enhances MEDH's market position in the cannabis industry.
• Plans to expand the Lazydaze franchise nationwide, initiating with a new location in Tampa, FL, in Q1 2022.
• Potential for increased revenue by offering franchises in a rapidly growing market.

Negative

• None.

CHEYENNE, Wyo., Sept. 10, 2021 (GLOBE NEWSWIRE) -- MedX Holdings Inc. (OTC: MEDH) (“MEDH” or the “Company”), a brands management and acquisition company, today announces it is acquiring Counterculture Brands Inc., a wholly owned subsidiary.

Counterculture Brands Inc., a Delaware company, is responsible for the licensing and franchising of the Lazydaze Counterculture and Coffeeshop Brands. Counterculture Brands Inc., is focused on the emerging cannabis industry and developing ancillary brands that will also compliment the space and become a crucial part of the cannabis eco-system. 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, as a franchise and licensing opportunity is a ‘no brainer.’ There is an urgent need for public consumption lounges in recreational markets, and we plan on capitalizing in those emerging markets. There are currently seven locations in Texas that are a mix of corporation-owned, licensed and franchised units. Counterculture Brands Inc. plans to offer these opportunities and related concept nationwide. Lazydaze plans on opening the next franchise in Tampa, FL, in Q1 2022.

“Bringing in Counterculture Brands Inc. is a another stepping stone for us, as we continue to increase shareholder value, brand awareness and adding new and original brands to our portfolio moving into 2022. Counterculture Brands 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 SEED to RETAIL. We intend on building emerging brands and expanding into niche and Hispanic markets. We look forward to providing many more exciting updates and milestones as we complete these strategically,” stated Hans Enriquez, CEO of MEDH.

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 significance of MedX Holdings acquiring Counterculture Brands?

The acquisition is significant as it expands MEDH's portfolio and strengthens its position in the emerging cannabis industry.

When is the new Lazydaze franchise opening in Tampa, FL?

The new Lazydaze franchise in Tampa, FL, is expected to open in Q1 2022.

How will the acquisition impact MedX Holdings' shareholder value?

The acquisition aims to enhance shareholder value by expanding brand awareness and revenue opportunities in the cannabis sector.

What brands are under Counterculture Brands Inc.?

Counterculture Brands Inc. is responsible for the licensing and franchising of Lazydaze Counterculture and Coffeeshop Brands.