This morning investors could do well to take a look into the Galexxy Holdings Inc (OTCMKTS:GXXY) stock in light of the announcement made by the company on Wednesday. The company came into the news cycle yesterday after it announced that Wellbeing Farms LLC, its fully owned subsidiary unit, had signed up for an exclusive supply agreement with the firm AMM Distributors Inc.
Galexxy’s Wellbeing Farms Subsidiary Finalizes its Product Supply Agreement for Chicago Market
The supply agreement in question is going to provide support to the recent lease agreement that had been signed by Wellbeing Farms for the installation of as many as 40 Smart Vending Kiosks in licensed locations in the Chicago region. It was a significant new announcement from the company and it remains to be seen if it leads to any traction for the Galexxy stock today.
The smart kiosks which are going to be installed by Wellbeing Farms are going to be equipped with state of the art software as well as capability of verifying age of customers. The kiosks are going to offer customers with a wide range of CBD based product which would include gummies, tinctures and vapes. Wellbeing has retained the rights to stock each vending machine to 50% of its capacity.
Michael Biagi, WBF’s CEO stated that; “We believe we’re at the forefront of Functional Mushroom – CBD formulated products. We’re excited to combine these uniquely differentiated products into our exciting smart Kiosk marketing plan to meet growing consumer demand for easier and more convenient access to specialty supplements”.