McapMediaWire -- Galexxy Holdings Inc., (“Galexxy” or “Company”) (OTC: GXXY) is pleased to announce that its 100% owned subsidiary, Wellbeing Farms LLC, (“Wellbeing,” or “WBF”) has executed its second strategic commercial supply and lease agreement with Delta 8 LLC (Delta) and its associated company, uVending LLC (uVending).
Delta is developing the market in Texas for the sale and supply of its proprietary D88 products which are being manufactured by Wellbeing under an exclusive white label supply agreement. Delta will generate its D88 product sales utilizing customized, attractively branded Smart Vending Kiosks supplied by its Associate, uVending LLC., which are purchased under a blanket leasing agreement from Wellbeing Farms.
Wellbeing’s customized Smart Kiosks are very distinctive, featuring glass fronted, backlit product displays to maximize product appeal and are equipped with patented ID-Age verification capability in order to comply with Texas state law. Based on their initial estimates, Delta is planning to install over six hundred D88 Smart Kiosks in the next 2 years which could potentially generate approximately $3,500,000 per month in D88 wholesale product purchases from Wellbeing.
Michael Biagi, Wellbeing’s CEO stated that; “We are excited by the huge marketing potential of generating recurring product revenue through the placement of our Smart Kiosks by strategic partners who pay us to lease the kiosks to earn a share of the sales revenue”. He further stated that “We’re not limited to our current product range and can readily adapt Kiosk inventory to satisfy market needs.”
Headquartered in Newport Beach, California with manufacturing facilities in Murietta, California, Galexxy’s shares are publicly traded on the OTC Markets (OTC: GXXY). Galexxy entered the rapidly developing markets for premium natural plant-based consumer health supplement products in April 2021 and completed its acquisition of Wellbeing Farms LLC., on August 4, 2022 and purchased 69% of ABC Wholesale Products LLC., on August 12, 2022.
Galexxy Holdings Inc.
M: (801) 243 9570
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release.