EDXC - Endexx's International Division Go Green Global Announces Provisional Approval for Two Licenses in Jamaica
CAVE CREEK, AZ - (NewMediaWire) - October 13, 2020 - EndexxCorporation (EDXC), also known as CBD Unlimited, a provider of innovativephytonutrient-based nutritional and wellness products, is pleased to announcethat through its international subsidiary, Go Green Global Enterprises, Inc.(Go Green Global), the Company has received provisional approval for twolicenses in Jamaica from the CLA (Cannabis Licensing Authority).
The retail “Herb House License”allows us to fully open our store in Ocho Rios, Jamaica. The store is locatedat the Taj Mahal Retail Mall directly located where all the Cruise Liners andTourist ships arrive into port. Foot traffic during tourism season isextraordinary in this location. Typically, the season begins following“hurricane season” which is now. This year, the Covid19 Pandemic has dramaticallyimpacted the tourism industry worldwide, Jamaica is no exception. Anticipationof Tourism and Cruise Liners returning to normal is building. Resumption isexpected to begin before year end, and the store is fully prepared to open andmeet the demand.
The second license GGG willreceive is a “Tier-2” grow license which will allow for marijuana cultivationand distribution within Jamaica. The Company looks to continuallyincrease its international footprint; receiving provisional license approval illustratesthat the Company has surpassed significant hurdles, and persevered throughthese very challenging times in the international market. With this milestone,Go Green Global is positioned to generate significant revenues in the earlystages of the legal cannabis market in Jamaica. Long term the company will seekto distribute its products internationally as export laws become established.
According to Marijuana BusinessDaily, “Jamaica has what it takes to develop a robust medical marijuanaeconomy: license categories for small and large cultivators, regulations thatallow a wide breadth of products, no license caps and a reputation as a worldcannabis capital.”
“With our Jamaican subsidiary,we have the ability to break into several international markets. Back in 2018,we announced that we were pursuing multiple licenses in Jamaica to establish avertical market to grow, process, transport, dispense, sell, and export ourentire array of products, both current and future,” commented Mr. Todd Davis, ChiefExecutive Officer and Chairman of CBD Unlimited. “We are pleased to report thatthis hard work is proving fruitful as we expand our international footprintwith this provisional retail and grow licenses. We look forward to anexceptional year of growth in fiscal 2021.”
According to Arcview MarketResearch and BDS Analytics, international sales of cannabis in regulatedmarkets are on track to break $40 billion by 2024.
About Endexx
Endexx Corporation and itsDivision CBD Unlimited develops and distributes all-natural products fromthe cannabis sativa-L plant (hemp) with less than 0.01% THC. Itsproducts range from oils, capsules, topicals, and pet products, all with theshared purpose of therapeutic and pain relief. The science behind these productsinvolves half a decade of research and experiments in order to perfect theaccuracy in dosage and delivery of absorption per each serving.
Safe Harbor Notice
This press release may contain“forward-looking statements” within the meaning of the Private SecuritiesLitigation Reform Act of 1995, such as statements relating to financial resultsand plans for future development activities and are thus prospective.Forward-looking statements include all statements that are not statements ofhistorical fact regarding intent, belief or current expectations of thecompany, its directors or its officers. Investors are cautioned that any suchforward-looking statements are not guarantees of future performance and involverisks and uncertainties, many of which are beyond the company’s ability tocontrol. Actual results may differ materially from those projected in theforward-looking statements. Among the factors that could cause actual resultsto differ materially from those indicated in the forward-looking statements arerisks and uncertainties associated with the company’s business and finances ingeneral, including the ability to continue and manage its growth, competition,global economic conditions and other factors discussed in detail in theCompany’s periodic filings with the Securities and Exchange Commission. Thecompany undertakes no obligation to update any forward-looking statements.
Contact:
For further investor and mediainformation, please contact:
Endexx Corporation
Todd Davis
Chairman & CEO
investorrelations@cbdunlimited.com
480-595-6900