Endexx's
International Division, Go Green Global, Announces Provisional
Approval for Two Licenses in Jamaica
CAVE
CREEK, AZ -- October 13, 2020 -- InvestorsHub NewsWire
-- Endexx
Corporation (EDXC), also
known
as
CBD
Unlimited, a
provider of innovative phytonutrient-based nutritional and wellness
products, is pleased to announce that through its international
subsidiary, Go Green Global Enterprises, Inc. (Go Green Global),
the Company has received provisional approval for two licenses 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 located at the Taj Mahal Retail Mall directly
located where all the Cruise Liners and Tourist
ships
arrive
into port. Foot traffic during tourism season is extraordinary in
this location. Typically,
the
season begins following "hurricane season" which is now. This year,
the Covid19 Pandemic has
dramatically
impacted the tourism industry worldwide, Jamaica is no exception.
Anticipation of Tourism and Cruise Liners returning to normal is
building. Resumption is expected to begin before year end, and the
store is fully prepared to open and meet the demand.
The
second license GGG will receive
is
a
"Tier-2"
grow
license which will allow for marijuana cultivation and distribution
within Jamaica.
The Company looks
to continually increase its international footprint, receiving
provisional license
approval
illustrates that the Company has surpassed significant
hurdles, and
persevered through these
very
challenging times
in the
international market. With this milestone, Go Green Global
is
positioned to generate significant revenues in the early stages of
the legal cannabis market in Jamaica. Long term the company will
seek to distribute its products internationally as export laws
become established.
According
to Marijuana Business Daily, "Jamaica has what it takes to develop
a robust medical marijuana economy: license categories for small
and large cultivators, regulations that allow a wide breadth of
products, no license caps and a reputation as a world cannabis
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 a vertical market to grow, process,
transport, dispense, sell, and export our entire array of products,
both current and future," commented Mr. Todd Davis, Chief Executive
Officer and Chairman of CBD Unlimited. "We are pleased to report
that this hard work is proving fruitful as we expand our
international footprint with this provisional retail
and grow
licenses.
We look forward to an exceptional year of growth
in fiscal 2021."
According
to Arcview
Market
Research and BDS Analytics, international sales of cannabis in
regulated markets are on track to break $40 billion by
2024.
About
Endexx
Endexx
Corporation and its Division CBD
Unlimited develops and distributes all-natural products from
the cannabis
sativa-L plant
(hemp) with less than 0.01% THC. Its products range from oils,
capsules, topicals, and pet products, all with the shared purpose
of therapeutic and pain relief. The science behind these products
involves half a decade of research and experiments in order to
perfect the accuracy 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 Securities Litigation Reform Act of 1995,
such as statements relating to financial results and plans for
future development activities and are thus prospective.
Forward-looking statements include all statements that are not
statements of historical fact regarding intent, belief or current
expectations of the company, its directors or its officers.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the company's ability to
control. Actual results may differ materially from those projected
in the forward-looking statements. Among the factors that could
cause actual results to differ materially from those indicated in
the forward-looking statements are risks and uncertainties
associated with the company's business and finances in general,
including the ability to continue and manage its growth,
competition, global economic conditions and other factors discussed
in detail in the Company's periodic filings with the Securities and
Exchange Commission. The company undertakes no obligation to update
any forward-looking statements.
Contact:
For
further investor and media information, please
contact:
Endexx
Corporation
Todd
Davis
Chairman
& CEO
investorrelations@cbdunlimited.com
480-595-6900