Endexx Q4 Sales Rebounded Increasing 360% Above Q3 Revenues
CAVE CREEK, AZ, April 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Endexx Corporation (OTC:EDXC), a provider of innovative Hemp-derived wellness and nutritional products, today announced its audited fiscal 2021 annual report. Endexx faced multiple challenges associated with the Pandemic and a slowdown in the retail markets during the first three quarters of its fiscal 2021. Ongoing supply chain issues impacted packaging and individual ingredient availability delaying production runs in key product sets during the fiscal year. Consumer foot-traffic declines and retail store closings affected the revenue growth curve in 2021. Endexx reported its first revenue pullback since entering the Hemp Industry in 2014. The company had a 43% reduction in top line revenue in fiscal 2021. However, sales rebounded significantly in Q4, establishing an upward trend accelerating into fiscal 2022.
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