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Non-Nicotine Vaping Is a Game Changer In 27.3%+ CAGR Through 2028 Fast Growth Market; Endexx Corporation's (US: EDXC) Recently Acquired Hyla Brand Guarana Plant Vape Products Have Wide U.S. And International Distri-bution

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/zigman2/quotes/208751111/composite EDXC -3.60%

Sep 22, 2022 (Stock Market Press via COMTEX) -- Non-Nicotine Vaping is a game changer In 27.3%+ CAGR through 2028 fast growth market. Endexx Corporation's (OTC: EDXC) recently acquired Hyla brand guarana plant Vape products have wide U.S. and international distribution. Vaping appeals especially to a younger demographic and, free of concerning involving nicotine smoking, plant-based vaping is seen as having a bright future. Nick Mehdi, CEO of Hyla, said, "We continue to see increased demand for our non-nicotine guarani-based vape products, with sales and territories increasing quarter by quarter."

StockMarketPress is a media company which is spotlighting the cannabis industry analyzing how growth in cannabis legalization by state in 2022 could impact companies and investors. Some of the stocks it recently reported on include Endexx Corporation (OTC: EDXC), Amazon (NASDAQ: AMZN), Target (NYSE: TGT), Walgreens (NASDAQ: WBA) And CVS (NYSE: CVS) Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC: SPRWF), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NASDAQ: CGC) CBD Unlimited, Inc. (OTC PINK: EDXC).

Not only is EDXC's new subsidiary Hyla winning online and retail shelf space in

Amazon (NASDAQ: AMZN) plus more than 1,000 stores such as Target (NYSE: TGT), Walgreens (NASDAQ: WBA) And CVS (NYSE: CVS), it is also setting plans to be on sale in 19 countries by the end of 2022, Mehdi said. Research firm Grand View Research predicts a 27.3% CAGR for vaping 2021-2028.

Hyla is seeking to initiate marketing approvals in eight new countries: Germany, Italy, Israel, Egypt, Slovenia, Romania, Iran and Bahrain. Those are in addition to existing countries, such as the U.S. One factor, the company said, is that the Hyla device is already CE approved and has UL global safety certification.

The non-nicotine vaping market can be a game changer for EDXC and Hyla, especially in the U.S. Non-nicotine vaping may be popular with the youth market -- and its availability at Amazon and major retailers is a positive -- plus it makes the line a prime candidate for future CAGR growth.

In its recently filed Form 8-K , EDXC detailers the acquisition and how it has .

strengthened its balance sheet in the process. Detailed in its filing, Endexx has entered into settlement, lock-up and leak-out agreements with its Historic investors. Each Historic investor has agreed to exchange pre-acquisition Promissory Note and Warrants with a replacement simple Promissory Note. The new Historic Investor Replacement Note removed the convertible debt and warrants, replaced by a simple, non-convertible debt facility with an 18-month term.

Source: Stock Market Press

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Safe Harbor Statement:

Statements in this news release may be "forward-looking statements." Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

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COMTEX_415034155/2617/2022-09-22T08:08:26

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/208751111/composite
US : U.S.: OTC
$ 0.05
-0.0018 -3.60%
Volume: 4,125
Dec. 8, 2022 2:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$26.15 million
Rev. per Employee
$118,185
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