It’s been almost a year since we talked about the penny stock of ENDEXX Corp. (EDXC), but since the Company wants to hype up their medical marijuana management and technology solutions, why not see what’s changed. The obvious is that EDXC stock is down -34.62% from their 52Wk high set a few weeks ago which seems fitting since they still had no money or revenues since a year ago. But now that they have brought on Todd Zarlengo, a leading Italian dessert chef, to develop some edible scooby snacks, it might just be that 2014 is the year when they do something other than put out PR and actually put up some numbers.
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EDXC Stock Quote
Market Cap: 45.62M
Last: 0.2347 ▲ +0.0247 (+11.76%)
Dollar Volume: $329,318
Issued and Outstanding: 194,370,395
14-Day Rel Strength: 48.82%
1st Resistance Point: 0.2481
1st Support Level: 0.2131
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For the most part, marijuana stocks have had a dismal week thus far, but Endexx Corp.’s EDXC stock seems to have avoided the hot mess mainly because it is no longer one of the more popular ones. In the year that’s been since we first discussed EDXC when it was trading under 0.10, the shares saw what every other marijuana play did, a spike of interest and surge at around Christmas time worth almost 700%.
Per the December 31, 2013 quarterly report, Endexx is still the same POS it was a year ago – the same $135,000 of inventory, same $30,500 of prepaid expenses and the same $6,948 of office equipment. Although the entry in the marijuana industry came by way of their m3Hub Technology platform which as designed to protect medical marijuana patient information, the logo and talk about the technology sounds significant, but the revenues are still missing from their income statement.
Perhaps this new collaboration with Todd Zarlengo to create products that will focus on an edible delivery systems for medical applications of cannabidiol extracts in the form of CBD-infused “cannsumer” goods for the rapidly growing $1.5 billion U.S. medical marijuana market. The Zarlengo’s run a family-owned and operated Italian Ice and Gelato company in Chicago, but Bebida Beverage Company (BBDA) already struck out with their “Nice Dreams” ice cream they announced last month.
If the edible cannabidiol products doesn’t spark interest in EDXC stock, Endexx covered their asses by acquiring two high value internet domain names: Faceplant.com and Dudad.com. All this from a Company that invested $60,000 into Global Solaris Group in 2011-2012 and issued 12 million shares (valued at $1.2 million) that is supposed to have recently completed its first solar project.
About EDXC Stock
ENDEXX Corp. is a development stage company that presently operates as a Medical Marijuana Management and technology solutions provider, a solar and renewable energy developer and has a development stage company currently retooling its software as a service platform and developing Mobile Solution Apps.
Last 5 Trading Sessions:
EDXC has thrown up 2 PR’s in the last 24 hours to entice penny stock traders to revisit the ticker. Seeing as how the irony of acquiring Faceplant.com somewhat fits the trend EDXC stock has been on for the last week until yesterday, the teens look a lot more inviting as a re-entry than the 20’s do.
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