Endexx Corporation (OTC:EDXC) Stock Gains Momentum: Here is Why

This morning, investors are likely to look closely into those companies that may have been in the news cycle on Tuesday, and a company that could be in focus is Endexx Corporation (OTC:EDXC). The company is a pioneering entity in plant-based products, and yesterday it announced a crucial strategic overhaul and leadership shake-up that would unlock the potential of its subsidiary, HYLA. The company announced that its founder and Chief Executive Officer, Todd Davis, would move away from his current role after the completion of its all-important 2023 audit.

In the news release, the company noted that Davis would continue to work towards the growth of CBD Unlimited and would also carry on his role on the board of directors of Endexx Corporation. The changes in the company’s management would help in the development of HYLA. The subsidiary unit had become well-known for some of its successes in recent times and also for its exponential growth.

The management would seek to make HYLA the centerpiece of Endexx Corporation. Since the acquisition of HYLA in August 2022, the year-on-year growth generated by Endexx has stood at a staggering 300%. Additionally, it was also noted that a plan was also going to be put into place for the change in the company’s name and a new ticker symbol to reflect the name change.

The move from the company would help in the expansion of the market footprint of HYLA as a company and also help Endexx align its diverse interests in a cohesive manner. Claude Zdanow, a member of the Endexx board, would work on leading the efforts in relation to HYLA. He would work closely with the board of directors and help in further amplifying the market prominence of HYLA as a business. It may be a good time to keep an eye on Endexx.