MedX Holdings Inc (MEDH)

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MedX Holdings, Inc. (MEDH) Issues 2019 Shareholder Update
February 08, 2019 04:05 PM Eastern Standard Time
CHEYENNE, Wyo.--(BUSINESS WIRE)--MedX Holdings, Inc. (OTC Pink: MEDH) (the company) has had a productive 2018. The first milestone was reached on March 1st when the previous management resigned and appointed a new CEO - Mark Miller. Following the appointment of Mr. Miller, the company initiated its reduction in Authorized Shares from 350 million to 200 million shares. This demonstrated the company’s commitment to the preservation of shareholder value.

Quarter over Quarter throughout 2018, MedX Holdings realized an increase in gross sales from its two (2) newly acquired subsidiaries (MJ Builders of MN and DDG Properties, LLC). The company’s Annual Report will reflect total combined gross sales of $2.983 Million USD and $0.01 current Net Profit Per Share. A rare accomplishment for an OTC Markets Pink Sheet Company.

The company is currently exploring options to initiate a $2.5 Million USD capital raise for a Mini Storage project. Several options such as a Private Placement secured by Real Estate or REG A Financing are under consideration. The projected monthly revenue, upon completion, is expected to be approximately $78,000.00 in recurring revenue.

“With a commitment to our shareholders in mind we’re going into 2019 with the idea of issuing a dividend based on our expected passive income streams. Currently we project our dividend would be around $0.0125 per share and released quarterly based on earnings. Further information regarding this will come later in the year as our objectives are attained,” stated MedX CEO, Mark Miller.