The cryptocurrency industry is not only about digital assets. There are many companies that provide the vital services that are necessary for the smooth running of the industry and Suntex Enterprises Inc (OTCMKTS:SNTX) is one such company.

The company is involved in providing important services to the blockchain industry and on top of that, Suntex also provides hosting services related to crypto mining rigs at fairly competitive prices.

Last week, the company provided an update to its shareholders as well as the wider public with regards to its strong start to the year 2021. The company announced that due to rising temperatures, it is seeing noticeable growth in its operations.

On the other hand, it is also important for investors to note that the company is also involved in the CBD industry and announced last week that Pumped Fitness CBD has displayed considerable strength in the Southern Californian market recently.

During the course of March, the orders for the CBD infused beverage from Pumped Fitness CBD have gone up by more than threefold. The company pointed out that at this point it is working towards boosting the volume of Pumped Fitness CBD massively in the near future.

Earlier in February, there was another important development for the company that investors ought to keep in mind. Suntex announced that it signed the final agreement to acquire the CBD company Homestead Body Works. It was one of the major operators in the CBD industry and the acquisition of Homestead marks a significant milestone for Suntex as it tries to grow its CBD business.

The company is based out of Texas and owns the subsidiary company Budding Botanicals. Budding Botanicals is one of the bigger players in the CBD manufacturing and retailing space. At the time, Suntex revealed that the complete details of the transaction were going to be provided later on.

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