Endexx Corp (EDXC)

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OUTSTANDING!!! "EDXC" CLOSES ON ACQUISTION OF_PHYTO-LABS!!!_http://finance.yahoo.com/news/endexx-closes-acquisition-phyto-labs-120000870.html

EXCERPT FROM PR AS FOLLOWS:

CAVE CREEK, AZ--(Marketwired - Mar 6, 2017) - Endexx Corporation ( OTC PINK : EDXC ), a provider of innovative phyto-nutrient based food and nutritional products, today announced that it has closed on its acquisition of Phyto-Labs LLC.

In late October 2016, Endexx announced that it had entered into a Memorandum of Understanding (the "MOU") to acquire Phyto-Labs, LLC., the owner of Amrita™, and their proprietary formulas for flavored CBD beverages. Endexx markets and distributes a unique line of CBD products including oils, tinctures, isolates, capsules and pet products, through its online presence and a national distribution and food broker network under the CBD Unlimited brand. With the acquisition of Phyto-Labs, Endexx will be able to further develop proprietary formulas for flavored CBD beverages which is projected to distribute 32,000 bottles per month in 2017/2018.

"The acquisition of Phyto-Labs creates a vertical integration that strategically allows us to increase our margins and strength our position as the leader in the CBD products industry. This is a synergistic opportunity that will complement our already existing product offerings and allow us to manufacture and generate sales at a much greater capacity. We have already seen a significant increase of in the first calendar quarter as compared to last quarter and we expect to continue riding this momentum, while accommodating the high demand for our products. The acquisition also secures a leading role as a national supplier of isolate additives. The supply chain is now secure."