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It doesn't seem like it... $MEDH
AUSTIN, Texas, Jan. 14, 2021 (GLOBE NEWSWIRE) -- MedX Holdings Inc. (OTC: MEDH), a branding and acquisition company focused on the emerging hemp and cannabis industry, today issues a corporate update and outlook against the backdrop of the January 2021 legislative session in Texas.
Currently, 15 states and Washington D.C. permit marijuana for adult recreational use, while 36 states allow it for medical purposes. Ahead of the January 2021 legislative session, Texas lawmakers have pre-filed several bills that would expand the state’s medicinal cannabis program and add it to the list of states legalizing adult-use.
MEDH, now headquartered in Austin, Texas, continues to prepare for these impending legislative changes, finalizing agreements and advancing relationships that will support its growth-by-acquisition strategy and vertical integration.
Anticipating that full legalization is inevitable, the Company’s franchise development team is preparing an aggressive growth campaign to re-introduce cannabis to an expanded marketplace. Management projects that the convergence of coffee and cannabis products will be an effective way to reach consumers previously hesitant to cannabis consumption.
Additionally, the Company’s farming assets will begin planting and farming hemp this spring with first harvest expected in the second quarter of 2021.
“We hope to complete our plans to merge and acquire internal and external brands and entities in Q2 and throughout the remainder of 2021,” stated MEDH CEO Hans Enriquez.
“We look forward to a favorable outcome of the legislative session and expect expansion to the hemp and medical program in Texas. We are excited to execute our operational strategies in 2021 and prepare for the next phase of growth.”
The “Company”, is pleased to announce a final change of control has been made effective.
CEO, Hans Enriquez, has acquired the majority voting preferred shares of the Company in consideration of a 24-month sub lease agreement on 3 acres of land controlled by Mr. Enriquez.
Stated CEO, Hans Enriquez: “I’m very happy we were able to close on this significant material event. Now that I have full majority voting authority over MEDH, the company can begin approving the acquisition strategy of adding new subsidiaries as well as executing our eventual name and ticker change.”
Cheyenne, Wyoming--(Newsfile Corp. - September 28, 2020) - MedX Holdings, Inc. (MEDH) has appointed Mr. Hans Enriquez as the new Chief Executive Officer ('CEO') and President. Hans Enriquez comes with more than 15 years of experience in the cannabis Industry. He's been at the helm of retailing and distribution, franchising and licensing, merchant services, alternative payment solutions, and brand and business development.
Enriquez has proven himself in this realm by creating and rolling out what some call the "Starbucks of Weed." His company, Dazed Inc./Counterculture Brands Inc. is ever-expanding. Even Rolling Stone gave the brand a shout-out in the popular Willie Nelson issue. His brick and mortar concept, The Lazydaze Cafe, is perfectly positioned for the inevitable legalization of cannabis. Enriquez predicts history will be made soon as the US House will be voting on federal legalization of cannabis for the first time ever. That means the pillars of Enriquez' business (and the two most consumed commodities in the world), coffee and cannabis, will be available to folks under one roof. Dazed Inc., the parent company of Enriquez' shops, has been operating since 2004. There are currently seven locations in Texas that are a mix of corporation-owned, licensed and franchised units. While already impressive, Enriquez plans to take his concept nationwide, taking special interest in the Colorado and Nevada markets.
The young CEO's ventures don't end there, though. Counterculture Brands, Inc. is in the process of developing sub-brands with the intention of licensing and franchising in emerging markets. His intuitive eye is on Mexico, as the Mexican president has all but promised the legalization of marijuana in his country when their legislative session approaches. Outside the office, Enriquez is working on getting his hands dirty. As the director of Craft Herbs LLC, a licensed Texas hemp producer, he partnered with third generation Roberto Muller of La Bota Pecan Farm in preparation for planting season. The pair, co-directing Craft Herbs, will plant hemp on a 150 acre irrigated farm in Laredo, Texas, right along the Rio Grande. This land will allow for premium, industrial and experimental hemp cultivars to grow their product on the farm which can then be sold directly through the Dazed Distribution Channels. Enriquez has ensured brand success from the ground up, literally, but ultimately the driving force behind his vision is the health benefits of cannabis. That's why he's applied to be a part of the Texas Compassionate Use Program. Securing a license in Texas' medical marijuana program will allow Craft Harvest to be a vertically integrated company, producing, processing and providing medicine to qualified patients with illnesses ranging from terminal cancer, to neurodegenerative diseases, to all forms of epilepsy.
Look out for MedX Holdings Inc. as they add key persons to the executive management team to strategically navigate the transition to the new business direction in the coming weeks and months. MedX Holdings is a brands acquisitions company. Our focus is developing brands and the ancillary infrastructure needed to create demand by utilizing experience, growing strategic partnerships, offering education, providing access to resources and networking. Additional filings will be completed in the coming weeks in order to provide transparency to our shareholders. In order to bring real value to the shareholders of MedX, Enriquez plans to acquire Craft Herbs LLC, Counterculture Brands and Dazed Inc. through a reverse merger and complete the transition with a ticker symbol change to DAZE. DAZE will emerge as a revenue generating company with plans to uplist to the NASDAQ.
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