$GXXY - $0.11
$GXXY - $0.11
$GXXY - $0.11
- $GXXY has been on our radar for sometime and we have traded it many times over this year. Although the stock had gone into a downtrend after making a new 52wk high, management continued to build the company without losing focus on executing their road map and building shareholder value. They controlled dilution, obtained non-dilutive financing and expanded operations as well as new revenue streams with vertically acquired divisions. They have also enhanced the management team with individuals capable of leading the company forward.
- While all the corporate developments were advancing the stock was going through a consolidation, accumulation phase at the lows. The chart, along with the catalysts in the pipeline, is now set up for a move back towards the 52wk high. The company is stronger and further down its road map than ever before, online presence and community support around the stock is increasing, volume is coming into the stock and the float at less than 8mm shares is closely held by a growing retail community. As long as management continues operating, executing and protecting the capital structure like they have been, community support will grow with the company and its stock.
RECENT DEVELOPMENTS
- Galexxy Holdings is a vertically integrated health and wellness company focused on bringing unique and effective products to the global market. The Company is growing through acquisitions and expansion of marketing and distribution channels.
- -Agreement to integrate the Verb and Hussle app technologies with the new Galexxy Sales App to power the Galexxy, LLC direct sales channel. Hussle is the No. 1 rated Direct Sales Enablement platform that just expanded its solutions with the Verb acquisition.
- -Expanded its strategic commercial supply and lease agreement, as well as its marketing expansion program with Delta 88 LLC (Delta 88) increasing revenue projects to $12.75mm.
- -Appointed Trent D'Ambrosio as Vice President of Sales and Marketing. Trent's background includes senior positions with MCI Telecom (200 employees increased to 30,000 during his tenure), management of a Hedge Funds' $150 million diversified investment portfolio and private equity, growing it by $62 million in the first year of operations. More recently, Trent was the founder of a mineral exploration and development company where he directed a 125 team member's project operations, led asset acquisitions, and maintained its public listing on OTC QB.
- Joint venture signed between Galexxy Holdings, Inc and Pillars International for the formation of a new Direct Sales Company called Galexxy LLC. with a targeted pre-launch to thousands of new sales Ambassadors this 4th quarter. Galexxy LLC's Ambassadors will have an impressive suite of proprietary new functional mushroom products to sell backed by a revolutionary new payment, billing, and technology platform to skyrocket adoption and sales.
- Galexxy's new tagline, ‘Go Boldly' captures the immense opportunity in the market by unlocking the many health benefits of functional mushrooms with newly formulated science-backed products, combined with new technology unveiling Real-Time Payment Solutions for scaling a personal sales business.
SUBSIDIARIES
Wellbeing Farms™ produces ~20 proprietary Functional Mushroom - Adaptogen based products which have recently been published on the RangeMe website. RangeMe is the world's largest wholesale product sourcing platform, with over 7,500 retail buyers. RangeMe enables Wellbeing Farms to showcase its unique products to qualified buyers for small, large, and big-box chain stores.
VendGenie™ imports its technologically customized Smart Vending Kiosks from one of the world's largest kiosk manufacturers. VendGenie's advanced technology features include an integrated iOS and Android App, remotely programmable operating systems, large digital displays for promotion and advertising and Age Verification with Facial Recognition. VendGenie is ‘Reimagining Convenience' with 24 /7 access for age restricted purchasing.
Galexxy LLC is a "Company First" to specialize in direct-to-consumer sales of proprietary functional mushroom supplements on a global scale. Thousands of existing direct-to-consumer distributors have indicated commitment to Galexxy's upcoming launch.
ABC Holdings is a Georgia based wholesale/retail distributor of its proprietary AVALOO™ branded products to 22 east coast distributors and independent retail outlets. Galexxy is planning a significant expansion of ABC's business plans and supply of additional white labelled products.
POTENTIAL CATALYSTS
$GXXY - $0.11
$GXXY - $0.11
- 2MM SHARE OVERHANG CLEARED: Stock has been under heavy sell pressure from a 2mm share overhang by a recent selling shareholder. The overhang has been absorbed by retail investors allowing stock to trade more naturally. This overhang has suppressed stock from the .20s to a range of .06-.07.
- AUDIT: Company has engaged auditors and will be a fully-reporting PCAOB audited company. Expecting finalized audit by year end.
- OTCQX UPLIST: Management has prepared the Company for uplisting to the OTCQX and will finalize application upon completion of audited financials.
- NON-DILUTIVE FUNDING: Company has shown a history of obtaining non-dilutive, revolving credit/funding and is growing their access and financial strength to arrange additional non-dilutive financing at more favorable terms. Non-dilutive funding deals will funding the growth and expansion of the infrastructure the management team has structured.
- WALMART MEETING/BIG BOX RETAIL: WellBeing's functional mushroom business will expand from online-only sales to big box retail and wholesale distribution channels. As part of this initiative, management has secured a meeting with Walmart for the purpose of a distribution agreement for the Company's products.
- CHART SETUP: Stock has pulled back from a high of $.269 to the mid-teens and then a gap down eventually settling in the $.06-$.07 range. Consolidation and accumulation between .07-.08 cleaned up a 2mm share overhang. Over the last several days the stock has curled off the lows, along with the 50 ema on the daily. Stock has closed 2 days over the 50 ema and is sitting at the 200 day ($.11). The chart looks to be setting up to fill the gap from $.1225-$.15. If gap is able to fill expect some consolidation from $.15-$.18 with some tests of $.20 before making a push to 52wk high ($.269).
- FLOAT: With under 8mm shares in the float and the accumulation over the last couple of months, the freely tradable float has become thin. As volume increases with price action and news, the low float could act as a catalyst to gap the stock to the upside.
CAPITAL STRUCTURE
- -Authorized: 500,000,000
- -Outstanding: 239,934,440
- -Restricted: 172,751,526
- -Unrestricted: 67,182,914
- Held at DTC: 7,521,280
CONVERTIBLE DEBT
Company has NO CONVERTIBLE DEBT OUTSTANDING
GALEXXY'S PROJECTED REVENUES
Wellbeing Farms (100% owned) expects to generate $7.5m in revenues from its first full year of product supply to Galexxy LLC.
Galexxy LLC (60% owned) is targeting revenues of $10m in its first 6 months following its Q4-2023 enrollment and for its Q1-2024 pre-launch is projecting $20m total revenues for 2024.Galexxy LLC has large distributors who are silent partners that have already committed to join in its launch prior to the planned enrollment date announcements.
VendGenie's (100% owned) One-Stop-Shop Agreement with Delta 88 LLC., located in Texas projects $3m in revenue by the end of its first full year of trading from 125 VendGenie Kiosks, increasing to $12.75m in year two from a total of 600 Kiosks. Delta 88's Business Plan calls for a growth rate of 30 new Kiosks per month, commencing Q1-2024.
ABC Holdings LLC (69% owned) is currently generating $1.1m in AVALOO sales revenue. Galexxy anticipates a 2x increase in AVALOO sales revenue from additional new products, synergized operations, and deployment of VendGenie Kiosks through its growing national network.
WEBSITES