Galexxy Acquires CBD & Functional Mushroom Health Supplements Manufacturer, WellBeing Farms

Galexxy Holdings Inc., GXXY has ended the acquisition of WellBeing Farms LLC, a company specialized in the production and marketing of specially formulated products CBD-functional mmushroom health supplements GXXY is issuing 30 million restricted common shares to WBF in order to acquire 100% of the membership interests in WBF.

WellBeing Farms’ distinctive marketing plan incorporates outdoor billboards in combination with strategically placed smart vending kiosks for convenient and quick delivery to customers. Initial market interest has been positive and the company’s initial product launch in August is being promoted on 10 billboards in the Los Angeles market. After that, national expansion will target up to 32,000 independently owned health and fitness clubs in the United States for smart kiosk placement.

WBF and Galexxy have been working together since early 2022 at the Galexxy Murietta production facility with production equipment owned by Galexxy Corp, which has now been transferred to GXXY for use by GXXY and WBF. This equipment will complement WBF’s recent $100,000 capital expenditure on new equipment.

Ross Lyndon-James he declared; “We believe we are at the forefront of products formulated with CBD and functional mushrooms. We are excited to combine these uniquely differentiated products with our exciting marketing plan to meet growing consumer demand for easier and more convenient access to supplements specialized for health”.

Photo: Benzinga; Sources: Courtesy of Kindel Media via Pexels and Wendell Smith via Flickr

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