Business
Endexx Acquires Holistic Earth Remedies LLC for Its Best-Selling Topical Pain Relief Products
Endexx Acquires Holistic Earth Remedies LLC for Its Best-Selling Topical Pain Relief Products.
About this update from Endexx Corp.
[{"type":"text","content":"\n \n \n Endexx Acquires Holistic Earth Remedies LLC for Its Best-Selling Topical Pain Relief Products\n \n \nEndexx Acquires Holistic Earth Remedies LLC for Its Best-Selling Topical Pain Relief Products\n\nMarking full-scale integration of best-selling Maggie's Mist© and Maggie's Balm©\nRevenue-producing acquisition to immediately capture 20 percent increase in revenue\n\n \n CAVE CREEK, AZ--(Marketwired - Nov 27, 2017) - Endexx Corporation (OTC PINK: EDXC), a provider of innovative phytonutrient-based food and nutritional products, announced today that it has acquired Holistic Earth Remedies LLC, a therapeutic topical delivery systems company.\n Endexx has been collaborating with Holistic Earth Remedies as a manufacturing partner since its launch of Maggie's line of topical delivery phytocannabinoids CBD-infused hemp products, to address and combat inflammation and pain. Current products, including Maggie's Mist© and Maggie's Balm©, are organic and utilize premium CBD extracted from only the finest and purest industrial hemp. They contain known remedies, such as, herbs of peppermint, lavender and clove without the use of petroleum or parabens.\n The acquisition will allow Endexx to integrate a full-scale production of its CBD line to expand on its full suite of products to include topical balms, an expanded line of gels, mists and other topical applications. The transaction is complete. Endexx will be able to immediately capture a 20 percent increase in revenues. Holistic Earth Remedies has a fully diversified product line carried in stores across the Southwest and purchased by thousands of customers every year. Products for Pets, Health and Wellness and Topical Skin applications provide additional distribution points and applications for CBD infused products nationwide.\n \"We are extremely excited to be growing our Company and adding a key production component to one of our best-selling product lines,\" said Todd Davis, CEO of Endexx. \"Acquiring Holistic Earth Remedies is a testament to our ongoing commitment to improve operating margins as we continue to grow our portfolio of CBD lines and our revenues. We will now be able to reduce the time from the concept of a new product to market commercialization, as well as create efficiencies in our current production and manufacturing.\"\n About Holistic E...