Shares of Endexx Corporation (OTCMKTS:EDXC) have been consolidating over the past few trading sessions.
Market Reaction
On Wednesday, EDXC stock went down 2% at $0.0490 with more than 207K shares, compared to its average volume of 524k shares. The stock has moved within a range of $0.0469 – 0.0500 after opening the trade at $0.0500.
Major News
Endexx Corporation (OTCMKTS:EDXC) on November 10, 2021, announced that Ocho Rios Herb House, soft-launched by the firm’s Go Green Global subsidiary, is expecting a significant surge in visitors due to the planned opening of Jamaica’s borders.
The firm confirmed that gauging visitor data from 2019, Ocho Rios Herb House can generate $900,000 in revenue every year if the store got 5% of foot traffic from the island’s 600,000 visitors and every customer decides to spend an average of $30.
The company’s international Go Green Global subsidiary soft-launched its Herb House retail store in Ocho Rios, Jamaica in August 2021. The store would be having both premium marijuana as well as other premium products for consumers. Located in one of the famous tourist destination locations, the store is located in the Taj Mahal shopping center.
Endexx said that the Jamaican subsidiary Go Green Global’s tripartite agreements will be enabling cultivation, development as well as the sale of cannabis globally, making the company a “worldwide player” in the cannabis space.
Through its operating division CBD Unlimited, Endexx develops as well as distributes all-natural CBD products derived from cannabis Sativa plants. This contains lower than 0.1% THC and its products include capsules, oils, topicals as well as pet products, which provide pain relief.
Traders Review
EDXC stock is trading below the 20-Day and 50-Day Moving averages of $0.0494 and $0.0513 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1099. The stock is down 34% over the past 3-month.
