Galexxy Holdings Inc (OTCMKTS:GXXY) Stock On Radar After Recent News

One of the companies which may garner attention from investors this morning is Galexxy Holdings Inc (OTCMKTS:GXXY) following a major new announcement from the company yesterday.

Trading Data

On Thursday, GXXY stock ended flat at $0.2090 with more than 3.30K shares, compared to its average volume of 207.59K shares. The stock moved within a range of $0.1600 – 0.2090 after opening trade at $0.1600.

Galexxy’s Wellbeing Farms Develops International Export Business; Nominated for Leading Manufacturer Award

The company announced yesterday that its fully owned subsidiary unit Wellbeing Farms LLC was going to expand its marketing foot print to the United Kingdom and European markets. In this regard, it should be noted that Wellbeing Farms had also been nominated for the Leading Manufacturer Award category at the White Label World Expo Series that is going to be held next month in Germany.

However, that is not all. It is also important to note that the company is also going to make a presentation of its Functional Mushroom CBD products at the White Label World Expo that is going to be held in New York. The event is the biggest event of its kind for online sellers in the world. Wellbeing Farms has also noted that the initial interest that has been expressed in its product has been quite strong as well. In addition to that, the subsidiary is also in the running for the Innovative Product of the Year Award at the White Label World Expo that is going to be held in February next year in London.

Key Quote

Michael Biagi, WBF’s CEO stated that “By opening our extensive range of specially formulated Functional Mushroom – CBD health supplements for white labelling to international markets, the Company is very pleased with the response thus far and is expecting significant new export opportunities.”

Technical Data

GXXY stock is trading above the 20-Day and 50-Day Moving averages of $0.17 and $0.19 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.12.