#Plantbased
#Stock News; Endexx (OTCBB: $EDXC) Secures Third Order for #NonNicotine #Vape
Product HYLA™ Worth Approximately $1.5M in Revenue @EndexxCorp
CAVE
CREEK, Az., October 28, 2022 – Investorideas.com Newswire) Endexx Corporation (OTCBB:EDXC),, a
provider of innovative, plant-derived, and sustainable health and skincare
products, today announces it has secured three key significant orders for its
newly acquired, non-nicotine plant-based vape product, HYLA™. These orders provide a combined $2.3 million
revenue in the first two fiscal quarters.
Read this news,
featuring EDXC in full at https://www.investorideas.com/news/2022/lohas/10281EDXC-HYLA-3rd-Order.asp
The
orders came from distributors in the Western Region in the US, a Central Asian
nation and Dubai in the UAE. The first
two will bring a combined approximate revenue of $827,000, with the Dubai order
providing another approximately $1,500,000 in revenue during Endexx’s first two
fiscal quarters. The Dubai order extends
over six months with potential for accelerated growth.
Todd
Davis, CEO of Endexx, stated, “HYLA has been an important addition to our
product offerings, while maintaining our mission statement of providing
innovative, plant-based consumer products to the consumer. Importantly, this first set of orders puts us
on track to recoup the investment made to acquire HYLA by the second quarter of
this year, and to significantly increase our overall revenue intake.
Nick
Mehdi, CEO of the Hyla division stated, “The Dubai, UAE market is very
influential in identifying trends, consumer behavior and market expansion in
the Mid-East.” Mr. Mehdi added, “HYLA products represent the best alternative
to replace Nicotine Based vape products,
both internationally and here in the US.” Mehdi concluded that, “The
Dubai transaction opens
the
entire market in the region and we anticipate significant growth in
distribution.”
“Combined
with both our CBD pain and men’s skincare products and non-CBD skincare line,
we believe we are creating an important niche franchise that will appeal to an
increasingly wider audience worldwide.
Our distribution for our Blesswell™ line includes some
of the major retailers in the nation, including Target, CVS and Amazon, and we
are confident that the HYLA acquisition – in addition to generating revenue
from direct sales – will also provide us additional international access. We look forward to continuing to update
shareholders on our progress,” concluded Mr. Davis.
About Endexx Corporation
Endexx
Corporation develops and distributes all-natural, plant-derived topical
skincare products. Its products vary
from balms, creams, lotions, butters, masks, scrubs, and oils, all with the
shared purpose of healthy skin and grooming wellness. The science behind these products involves a
decade of clinical research in the field and lab work to provide functional
formulation with ingredients for optimal absorption and support of skin health.
www.endexx.com
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Litigation Reform Act of 1995
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realized. More information on potential factors that could affect our results
is included “Risk Factors” in our Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 31, 2022.
For
further information, please contact:
Endexx Corporation
Endexx@endexx.com
480-595-6900
Investors:
Scott
Arnold
CORE
IR
Media:
Jules
Abraham
CORE IR
Email:
julesa@coreir.com
Phone: 917-885-7378
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