Business
Endexx Announces Joint Venture and Letter of Intent to Acquire Go Green Global Enterprises to Expand CBD Brand Internationally
Endexx Announces Joint Venture and Letter of Intent to Acquire Go Green Global Enterprises to Expand CBD Brand Internationally.
About this update from Endexx Corp.
[{"type":"text","content":"\n\n Strategically Positions Company with International Distribution for its CBD Unlimited and Plant Based Therapy Line of Products\n Announcement Comes on the Heels of Former House Speaker John Boehner to Join the Movement in Support of Cannabis Legalization and Bipartisan Legislation Aimed to Advance the Burgeoning Hemp Industry CAVE CREEK, AZ, April 16, 2018 (GLOBE NEWSWIRE) -- Endexx Corporation (OTC PINK: EDXC), a provider of innovative phytonutrient-based food and nutritional products, today announced that it has entered into a joint venture and signed a non-binding Letter of Intent (“LOI”) formalizing the acquisition of Go Green Global Enterprises, Inc.  (Go Green). Go Green currently owns 49.9% of an international distribution company, which will provide Endexx with direct channels of distribution for its CBD Unlimited line of cannabidiol (CBD) Cannsummable Portfolio products including its formulated topical CBD balm and mist, travel sleep aid, teas, oils, capsules, soft chews for dogs and other products that provide key benefits to users. Endexx has collaborated with multiple state regulatory bodies, politicians and the medical community to educate and find compliance and regulatory solutions for both the hemp industry and medical marijuana industry infrastructure.  Todd Davis, Chief Executive Officer of Endexx said, “We are very encouraged by the recent legislative process which include last week’s announcement by Senator Mitch McConnell to legalize hemp under federal law and Former Republican speaker of the House John A. Boehner changing his position on the cannabis industry and its benefits. We believe this is an opportune time to establish our leadership in the global market with the joint venture and LOI for Go Green. We pride ourselves as a leader in education, scientific advancements and the production and distribution of hemp derived CBD products and their benefits.” Additionally, Mr. Davis added, “This venture opens up key international markets including Canada, Europe, South and Central America and the Caribbean provinces. Given Go Green’s location we can strategically manufacture and distribute from a governmentally legalized country.” According to one industry estimate, legal marijuana sales reached $9 billion in 2017, and worldwide,...