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CAVE CREEK, AZ – 
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
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