EDXC
Industry:
Consumer Staples Producers

DESCRIPTION

Endexx is a small consumer products company focused on plant-based health and wellness products, operating through two main subsidiaries. Hyla produces and sells organic, plant-based, zero-nicotine, tobacco-free vape devices containing natural guarana extract blended with proprietary botanical formulas, targeting consumers seeking alternatives to nicotine-based vape products. Hyla products are sold online and through roughly 10,000 retail locations domestically and internationally, including markets in Italy, the UAE, and other parts of the Middle East, Europe, and Asia. CBD Unlimited develops and sells hemp-derived CBD products, including oils, topicals, capsules, skincare, and pet products, available through e-commerce and roughly 8,000 mass-retail stores, gas stations, and convenience stores across the U.S. Endexx also holds a 70% stake in Khode, a joint venture using DJ Khaled's brand to sell hemp-derived beauty and wellness products, though Khode has not generated positive cash flow. Endexx does not manufacture most products in-house, instead sourcing from third-party manufacturers, keeping its cost structure variable and tied to production and logistics. Hyla devices are assembled in China, while the plant-based liquid is manufactured domestically. Endexx's near-term growth strategy focuses on expanding retail distribution for both subsidiaries, with Hyla serving as the primary growth engine given its faster distribution ramp. The company has roughly 10 full-time employees.

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