Business
Endexx Announces Fiscal Year-End Financial Results; Year Over Year Revenues Grow 79 Percent
Endexx Announces Fiscal Year-End Financial Results; Year Over Year Revenues Grow 79 Percent.
About this update from Endexx Corp.
[{"type":"text","content":"\n Endexx launches 2021 with Accelerated Contract Revenue CAVE CREEK, AZ, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Endexx Corporation (OTC: EDXC), a lifestyle company focused on the intersection of science, compliance, and formulation of innovative phytonutrient-based food and nutritional products, today announced its fiscal 2020 annual report.  Endexx is pleased to report record revenue $1.97 million with growth of 78 percent year over year. The company generated its first gross profit on an annual basis in fiscal 2020. 2020 Milestones and Highlights: Joint Venture       •    Endexx signs contract with DJ Khaled to launch new CBD Brand and Category International Expansion ·       Cleared to Distribute CBD Products in Guam. ·       Jamaica’s CLA grants provisional licenses for Retail and Cultivation. Increased Distribution Reach ·       Endexx secured a Master Distribution contract with the leading distributor in North America. ·       Distribution contract provides access to over 1,000,000 stores in the United States. Product Innovation ·       Endexx launches new “Value Line” in December to reach wider audience with more accessible price point options. ·       Endexx creates five unique products to be sold at counter as a POP Impulse buy. ·       Endexx rebranded its Premium line. Acquisitions        •    Endexx acquired Kush Inc. (Kushwear Brands)        •    Endexx acquired CBD Life Brands (Nero Water)        •    Endexx acquired Retail Pro Associates (Ronald Cotting and Stephen Herron) “Even in light of the most challenging year ever for the company, the industry and the market, Endexx was able to survive and thrive in fiscal 2020,” stated CEO Todd Davis. Davis added, “Endexx is positioned to accelerate top line revenue growth exponentially in 2021. Covid 19 allowed us to rethink and reposition our company and its product lin...