Endexx Corporation, a provider of innovative hemp-derived CBD wellness and health products, said it has surpassed its current store count goal after adding 2,800 stores in December.
As previously announced, the company recently expanded into 1,000 stores of a major Food/Drug/Mass (FDM) retailer chain, continuing an upward trend to place its product line in stores nationwide.
“The company has been keeping up with and utilizing new CBD law changes to navigate the landscape in a targeted approach to find promising growth opportunities,” Endexx said in a statement.
“The proposed federal CBD Product Safety & Standardization Act of 2021, recently announced by a bipartisan group of US Representatives, may help create standards that advance this valuable commodity of premium CBD products like those provided by Endexx Corporation,” it added.
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Now in 44 states, Endexx said it aims to have its products in 20,000 stores, which management believes is a realistic goal and well within reach of the company by the end of 2022.
The company features products with controlled dosing, targeted delivery, functional plant-based ingredients and advanced formulas. It said it believes this dedication to quality products offers an experience that customers will enjoy.
“The success of CBD-focused Endexx products is largely thanks to strong demand and recurring orders placed by major FDM stores,” the company said.
“Purchase orders are arriving daily from major retailers and have been accelerating due to consumer demand and sales growth.”
Endexx said its products are also available to consumers nationwide in mass retail pharmacy chains. It also recently welcomed Blesswell as a new addition to its brand profile. As providers of body, beard, and face solutions to the Ultra-Luxe self-care brand, it said Blesswell aims to make top-shelf grooming products available to every man.
The company noted that the health and wellness industry is positioned to grow at 6% annually and surpass $6 billion in revenue by 2025 and that the Blesswell wellness brand has its sights on making a strong impact in the CBD marketplace.
Having a post-Covid presence in the massive FDM retail space is a significant step in bringing this wellness brand to a nationwide audience throughout North America, Endexx concluded.
Contact the author at stephen.gunnion@proactiveinvestors.com