One of the companies that might have been a bit under the radar in recent times is MedX Holdings (OTCMKTS:MEDH). The company is involved in the brands and acquisition space. It helps in the development and growth of brands as well as companies through a number of measures.
MedX helps in generating demand through vertically integrating companies and also through licensing deals, partnerships, and franchising among other measures. Back in February of this year, the company completed the acquisition of Smart Brands Digital Inc. Smart Brands is an online product marketing company. Following the acquisition, it is going to work towards the online marketing and brand placement of the hemp and CBD products that are sold by MedX.
Hans Enriquez, the Chief Executive Officer of MedX Holdings spoke about the acquisition at the time of the announcement in February. He said that the acquisition of Smart Brands is only the first stage of the company’s wider acquisition strategy.
He went on to state that MedX is going to make many more acquisitions as part of its operational goals over the long term. In this regard, it is important to note that Smart Brands is going to be operated as a fully owned subsidiary of MedX.
In January 2021, the company had also provided a corporate update following the legislative session in Texas.
It had emerged that prior to that particular session in Texas, lawmakers in the state had filled several bills which could actually further expand the medical cannabis program. If that happens, then the state of Texas could also be added to the number of states that allow adult use of marijuana. MedX, which is based out of Texas, stated at the time that it was preparing for the legislative measures that could come into effect in its home state.
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