$EDXC.06-MMJ-Stock-(((Acquisition-NEWS-Out-today)))-and-RECENT-NEWS-RECAP!! Endexx Enters into Memorandum of Understanding to Acquire Phyto Labs LLC
CAVE CREEK, AZ--(Marketwired - Oct 25, 2016) - Endexx Corporation (OTC PINK: EDXC), a provider of innovative phyto-nutrient based food and nutritional products, is excited to announce it has 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 and capsules through its online presence and a national distribution and food broker network under the CBD Unlimited brand. With the acquisition of Phyto Labs, LLC., 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 Parties wish to explore implementing practical steps towards an acquisition of Phyto Labs as a wholly owned subsidiary of Endexx. The purpose of the proposed acquisition is to leverage through Endexx, the public entity, the combined products and revenue from Phyto Labs along with products and sales of CBD Unlimited, to become the top performing company in the CBD distribution space.
Endexx CEO Todd Davis stated, "Phyto Labs management team is an established group with nearly 10 years of experience, developing and producing products in the CBD space. The products they have developed are in the market and ready to scale up for mass production and distribution. The brand name Amrita™ is fantastic, meaning: "Nectar of the Gods."
Besides Amrita™, there are additional products and revenue streams the companies will explore and grow together. This transaction will greatly increase distribution channels and cross over customers bases, leading to a dramatic increase in sales. Through our new product offerings and improved cash flow, we will be able to rapidly grow our operations and expand marketing efforts, creating tremendous value for our shareholders."
About Endexx
Endexx provides innovative inventory management and technology solutions. Endexx, with its collaborative partners and consultants, develops and distributes two consumable product lines derived from industrial hemp, which is organic and naturally rich in phytocannabinoids. The company has two technology products and services that launched in 2014 -- the M3hub and the Autospense™. Both products provide essential solutions to promote regulatory compliance and full accountability through "seed to sale" inventory management and an, "End of Sale," technology integration. Based on principles developed by the pharmacological industry, the M3hub platform is the first standardized software solution for tracking pharmaceutical grade marijuana that maintains compliance with federal, state and local regulations. It is intended to provide a smooth transition to eventual federal mandates. The Autospense™ is a commercial grade inventory control and dispensing device that provides up-to-the-minute accounting details and ensures both product and patient security. By automating the dispensing process, Autospense™ increases productivity and reduces costs for marijuana retailers, while enhancing their service quality by reducing transaction time for customers. Websites include: www.cbdunlimited.com, www.endexx.com, www.m3hub.com.
Endexx Increases Production of Phyto-Bites CBD-infused Soft Chews for Dogs
CAVE CREEK, AZ--(Marketwired - Oct 18, 2016) - Endexx Corporation (OTC PINK: EDXC), a provider of innovative phyto-nutrient based food and nutritional products, is pleased to announce that is has successfully completed the first round of production of its new pet product line, Phyto-Bites®, its CBD-infused soft chews for dogs. The dog treats are formulated to promote health and support the reduction of separation anxiety, pain and inflammation.
Todd Davis, CEO of Endexx, stated, "We increased our first full production run by 20 fold due to the high demand we've been experiencing, as well as all the positive testimonials from our clients. We plan on doing another production run in November. We are scaling up our operations for the first calendar year quarter with distribution through national chains and stores across the country. Initially, products are going out to our health and wellness, and vitamin stores that we are currently serving. However, we will be targeting up to five national chains over the course of the next 12 months, which will broaden our customer base and increase revenue as we meet demand. Obviously this is great news for our shareholders and comes on the tail of us recently announcing our best quarter ever."
*EFFI* RAPIDLY EXPANDING IT'S FOOTPRINT INTO ALL AREAS OF THE LEGAL MJ AND INDUSTRIAL HEMP INDUSTRIES AND BACKING IT UP WITH ORGANICS, HYDROPONICS AND LIGHTING SOLUTIONS FOR BOTH SIDES OF THE COIN BY COVERING ALL THE BASES AND CREATING A PERFECT STORM THAT WILL BE MOVING ACROSS THE NATION AND FORWARD INTO THE FUTURE
HOLD ON TO THOSE WINNING TRIFECTA TICKETS MY FRIENDS AND DON'T CHANGE THE CHANNEL BECAUSE THERE IS SO MUCH MORE TO COME AND IT'S HEADING OUR WAY VERY SOON
THE REVOLUTION IS UPON US AND GROWING STRONGER BY THE MINUTE
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