Core Insights - MedX Holdings reported a sales increase in Q2 2025, projecting approximately $1.5 million in revenue for the full year [2][3] - The company is advancing its lounge pipeline, with Las Vegas nearing approvals and new franchise developments in Houston [3][5] - The Leaf-trak technology platform is transitioning from development to rollout, aimed at enhancing operational efficiency in lounges [4][5] Financial Performance - Q2 2025 sales growth indicates a positive trajectory, with the company on track for ~$1.5 million in FY25 revenue [2][5] - Continued sales growth and traction in New Mexico's recreational market are highlighted as key performance indicators [7] Business Development - The Las Vegas consumption lounge is progressing towards opening, pending final drawings and approvals [5][6] - Houston is set to welcome new Lazydaze franchisees, targeting a Q4 2025 or early 2026 opening [5][6] - Active negotiations for lounge deals in Florida and California are ongoing [5][6] Technology and Innovation - Leaf-trak is designed specifically for lounges, focusing on hospitality economics and compliance, with a pilot expected in Q3 and commercial launch in Q4 2025 [4][5] - The platform aims to integrate payment processing and enhance customer service through online ordering and pickup options [5] Regulatory Environment - The company has navigated regulatory challenges in Texas and sees positive signals at the federal level regarding cannabis rescheduling [5][11] - Anticipated regulatory changes could improve capital access and institutional participation in the cannabis industry [5] Strategic Vision - MedX Holdings is positioning itself to capitalize on the shift from cannabis prohibition to a regulated market, focusing on strategic capital and partnerships [8][9] - The company aims to build a comprehensive portfolio in cannabis retail, hospitality, and technology through its subsidiaries [9][10]

Core Insights - MedX Holdings reported an increase in sales for Q2 2025 and is on track for approximately $1.5 million in revenue for the full year 2025 [2][6] - The company is advancing its Las Vegas lounge towards final approvals and is expanding its franchise presence with a new Lazydaze franchise in Houston [3][6] - The Leaf-trak POS system is set to roll out in Q3 2025, designed specifically for consumption lounges, enhancing operational efficiency and compliance [4][6] Financial Performance - Q2 2025 sales growth indicates a positive trajectory, with the company projecting around $1.5 million in revenue for FY25 [2][6] - The New Mexico store is gaining traction in a fully recreational market, contributing to overall revenue momentum [6] Expansion Plans - The Las Vegas consumption lounge is nearing opening, pending final drawings and approvals [6] - Houston is targeted for a Q4 2025 or early 2026 opening as the newest Lazydaze franchise [6] - Active negotiations for lounge deals in Florida and California are ongoing [6] Technology Development - Leaf-trak, a hospitality-grade platform, is designed to improve lounge operations by increasing throughput and reducing compliance risks [4][6] - The platform is expected to pilot in Q3 2025 and commercialize in Q4 2025, with anticipated revenue contributions starting in Q4 2025 into Q1 2026 [6][11] Regulatory Environment - The company has navigated regulatory challenges in Texas and sees constructive signals at the federal level regarding cannabis rescheduling [6][11] - The direction of regulatory changes is expected to improve capital access and institutional participation in the cannabis industry [6] Strategic Focus - MedX Holdings aims to build a portfolio that includes cannabis retail, hospitality, and technology through its subsidiaries [8] - The company is prioritizing strategic capital and partnerships to accelerate openings and technology deployments [7]