Galexxy Holdings Inc Stock Price, News & Analysis

Galexxy Holdings (OTC: GXXY) announces a Supply Agreement between its subsidiary Wellbeing Farms LLC and AMM Distributors Inc. This partnership will support the installation of 40 Smart Vending Kiosks in Chicago, equipped with advanced software for age verification, targeting CBD product sales such as gummies, vapes, and tinctures. Projected sales from these kiosks are about $90,000 monthly. If successful, AMM may order over 10,000 kiosks. Wellbeing Farms aims to offer unique CBD and Functional Mushroom products through this initiative.

Galexxy Holdings Inc. (OTC: GXXY) announced a dual listing on Upstream, a digital exchange aimed at connecting emerging companies with global investors. The decision follows a board meeting and is intended to enhance the company's market presence and minimize the impact of short selling. CEO Iain Saul highlighted the potential of Upstream's blockchain technology to improve trading transparency and investor protections. Galexxy, which focuses on plant-based health supplements, has also recently completed acquisitions to solidify its market position.

Galexxy Holdings (GXXY) announced that its subsidiary, Wellbeing Farms, is expanding its marketing efforts into Europe and the UK. The company has been nominated for a Leading Manufacturer Award at the White Label World Expo in Germany and is showcasing its superfood mushroom-CBD products at the same event in New York. Additionally, Wellbeing is competing for the Innovative Product of the Year award in London in February 2023. The global functional mushroom market is projected to grow at a 9.5% CAGR, driven by increasing demand for health supplements.

Galexxy Holdings has secured a $1,000,000 non-dilutive revolving credit line from a related party to launch Wellbeing Farms Inc.'s smart vending kiosks. The company will utilize $400,000 from this initial draw for acquiring kiosks and inventory. Wellbeing Farms plans to deploy thousands of these customized vending machines over the next two years, backed by TCN Vending Machine Co., Ltd, known for its large-scale production capabilities. This partnership and funding strategy aims to mitigate reliance on toxic convertible debt, enhancing growth prospects for Galexxy.

Galexxy Holdings Inc. (OTC: GXXY) has entered a Strategic Alliance Agreement with eVendco Inc., enabling the supply, installation, and service of smart vending kiosks for its CBD and Functional Mushroom products. The Alliance includes an option for Galexxy to acquire 100% of eVendco, with 20 million GXXY shares issued for the three-year purchase option. eVendco holds exclusive distribution rights in North America with TCN Vending Machine Co. for its vending systems. Galexxy plans to install over 1,000 kiosks in strategic locations within two years, enhancing its market presence.

Galexxy Holdings Inc. (GXXY) has acquired a majority controlling interest in ABC Wholesale Products, LLC for $1 million, consisting of $100,000 in cash and 6 million shares. ABC, known for its AVALOO™ CBD products, anticipates revenues of $1.5 million in 2022, with projections of $3 million for 2023. This acquisition aims to enhance distribution across North America and drive growth for both Galexxy and its recently acquired Wellbeing Farms. The shares involved are restricted for six months, post which further selling limits apply.

Galexxy Holdings Incorporated (OTC: GXXY) announced the appointment of Mr. Iain G. Saul as Chairman and CEO following its acquisition of Wellbeing Farms LLC. Mr. Saul, an experienced businessman, will leverage his expertise in product development and market capitalization to drive growth. His recent financial support and plans for developing unique Functional Mushroom and CBD-Mushroom products highlight a strategic focus on premium CBD markets. Mr. Ross Lyndon-James will transition from CEO but remain involved in company development, including moving from OTC Pink Sheets to an OTC Regulated Market.

Galexxy Holdings Inc. (OTC: GXXY) has signed a binding Term Sheet to acquire a majority interest in ABC Wholesale LLC, based in Gainesville, Georgia. This acquisition will generate profitable revenues and open access to 11 eastern states through 20 distributors. The deal aligns with Galexxy's expansion strategy, enhancing cross-marketing opportunities with its existing product range from Wellbeing Farms. CEO Ross Lyndon-James emphasized the acquisition's strategic importance, stating it supports the company’s growth trajectory.

Galexxy Holdings Inc. (OTC: GXXY) has completed the acquisition of WellBeing Farms LLC, a producer of CBD-Functional Mushroom health supplements. GXXY will issue 30 million restricted shares to gain 100% membership interests in WellBeing. The global functional mushroom market is valued at $24.97 billion in 2021, with a projected CAGR of 9.5%. WellBeing's innovative marketing involves outdoor billboards and smart vending kiosks, with plans for nationwide expansion targeting health clubs. The collaboration aims to meet the rising demand for convenient access to health supplements.