Endexx Debuts First AutoSpense Program Internationally Into Jamaica
July 31 2018 - 7:19AM
InvestorsHub NewsWire
Epican, Jamaica’s First Licensed
Dispensary, Installs
Autospense™ Technology
Cave Creek, AZ -- July 31, 2018 -- InvestorsHub NewsWire --
Endexx Corporation (OTC PINK: EDXC), a
provider of innovative phytonutrient-based food and nutritional
products, is pleased to announce that it will
debut its AutoSpense™ machine to Epican Medicinals (“Epican”),
installing its first location in Kingston, Jamaica.
Partnering with Epican, Endexx provides it’s highly secured
inventory control and dispensing device to the first vertically
licensed medical marijuana company in Jamaica.
Epican, is the first company in Jamaica’s history to be granted
a commercial cultivation license. Epican’s mission is to set an
international industry standard within the developing global
cannabis industry by providing both safe and consistent products as
well as a sustainable production system. Epican with its
partnership with The Green Organic Dutchman Holdings
Ltd. (the“Company” or “TGOD”)
recently announced the successful opening of its first legal
cannabis retail store in Jamaica on July 14th.
Seeking to capitalize on the tourism and the booming cannabis
market within Jamaica, Epican has installed Endexx’s AutoSpense™
system to accommodate U.S. currency and other tourist transactions
with transparency and ease. AutoSpense™ monitors inventory, tracks
identification, lowers costs of transactions, reduces theft and
improves the overall customer experience. Additionally,
AutoSpense™ utilizes the vault level security dispensing platform
developed by Endexx, removing the need for currency exchange prior
to purchases and allows for secured sales transactions during hours
where stores are closed.
Epican Founder, Karibe McKenzie, stated, “Incorporating highly
compliant technology like AutoSpense allows Epican’s customers to
fully enjoy the experience in the dispensary environment. Our
mission in Jamaica is to set the standards while we help Jamaica
grow this newly legalized industry.”
“Expanding AutoSpense™ internationally is a major milestone in
our Company’s history,” Endexx Chief Executive Officer, Todd Davis,
explained. "We are partnering with Jamaica’s first ever licensed
cannabis cultivator and distributor which establishes our
credibility and validates the demand for our technology.
This opportunity will allow us to expand to more locations and
countries around the world. We are providing an automated
solution that simplifies transactions for customers, requires no
currency exchanges or regulated hours, maintains a precise tracking
system for accounting, as well as, product expiration dates,
inventory, ID verification, security and compliance reporting that
provides our customers with the best system on the market. Our
solution provides a secure, high capacity and customizable solution
for our clients who will benefit from our simple, intuitive
transactional and convenient process. We are excited to see
how other countries adopt our program and utilize this amazing
system.”
AutoSpense™ is an industrial-grade, high-tech, and highly
secured
inventory control and automated dispensing device. The
technology provides a best-in class solution to improving customer
access to products. Designed to properly control transactions and
manage inventory, it provides instantaneous accounting details to
ensure both product and customer security. Its unique
applications are under development with select industry leading
partners to improve shopping experiences. Through
automation, AutoSpense™ increases productivity and
reduces costs for both pharmacy and retailers, stopping shrink and
theft, while enhancing customer experience and reducing transaction
time for customers in a safe manner. AutoSpense™ is backed by
Endexx’s proprietary software (M3hub™) which fully supports state
and federal compliance programs.
About Endexx
Endexx, with its collaborative partners and consultants,
develops and distributes two consumable product lines derived from
industrial hemp, which is organic and naturally rich in
phytocannabinoids. Phyto-Bites® is its CBD-infused soft chews for
dogs and cats. The dog treats are formulated to promote health and
support the reduction of separation anxiety, pain and inflammation.
The company also has two technology products and services that
launched in 2014 – the m3hub and the AutoSpense™. The AutoSpense™
is a commercial-grade inventory control and dispensing device that
provides up-to-the-minute accounting details and ensures both
product and patient security. By automating the dispensing process,
AutoSpense™ increases productivity and reduces costs for pharmacy
and retailers, stopping shrink and theft, while enhancing customer
experience and reducing transaction time for customers. Websites
include www.cbdunlimited.com, www.endexx.com and www.phytobites.com.
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.
For further investor and media information, contact: Endexx Corporation Todd Davis Chairman & CEO endexx@endexx.com 480-595-6900
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