CBD & Hemp Company's 1013% YoY Revenue Increase, Will Raise More Money For 'Aggressive Marketing'
Portfolio Pulse from Jelena Martinovic
Endexx Corporation reported a 1013% YoY increase in its quarterly earnings, with revenues of over $2.8 million. The company plans to raise additional capital for aggressive marketing of its hemp cannabidiol products and to sustain operations until profitability is achieved.
September 19, 2023 | 3:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Endexx Corporation reported a significant increase in revenue, indicating strong growth. However, the company plans to raise additional capital, which could dilute existing shareholders.
The significant increase in revenue indicates strong growth for Endexx Corporation. However, the company's plan to raise additional capital could lead to dilution of existing shareholders, which might negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100