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Endexx receives US$3.8M order for its HYLA vape product from customers in Italy

Published: 09:54 02 Nov 2022 EDT

ENDEXX Corp. -
HYLA has been in demand for both its natural ingredients and feedback on the superior experience and assortment, according to the company

Endexx Corp. announced that it has secured a US$3.8 million order for its newly-acquired, non-nicotine based vape product, HYLA, from customers in Italy.

The developer and distributor of all-natural, plant-derived topical skincare products said the order is expected to boost the company’s revenue to more than $6 million for its first two fiscal quarters of 2023, significantly surpassing its revenue for the entirety of the previous fiscal year. 

As well, Endexx noted that it anticipates that the influential Italian market will also expand the company’s footprint in regions to the east, due to the fact that Italy, in addition to providing a geographic connection, is considered influential from both an economic and cultural perspective.  

READ: Endexx receives HYLA vape product orders totalling $2.3M in revenue for 1H 2023

“Our revenue has dramatically improved as markets and countries continue to seek alternative options to nicotine vaping,” Endexx Corp CEO Todd Davis said in a statement.

“Such significant purchase orders bode well for these additional regions (the corridor from Italy eastward), and we look forward to having those follow suit, as well as, providing opportunities for our other CBD-based pain and men’s grooming products,” Davis added.

HYLA has been in demand for both its natural ingredients, including guarana and L-dopa, and feedback on the superior experience and assortment, according to the company.

Through its operating division CBD Unlimited, Endexx develops and distributes all-natural CBD products derived from cannabis sativa plants containing less than 0.1% THC. Its products include oils, capsules, topicals, and pet products, all with the shared purpose of therapeutic and pain relief.   

Contact Sean at sean@proactiveinvestors.com

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on 06/21/2023