Core Insights - MedX Holdings, Inc. reported record revenue for Q1 2025, with revenue more than tripling year-over-year, driven by expanded retail activity and increased consumer demand [2][3] - The company is raising $10 million through a convertible note offering to support growth initiatives, including capital expenditures and flagship retail property acquisitions [3] - MedX is launching an AI-driven commerce initiative to enhance customer experience and streamline operations across its Lazydaze locations [4] Financial Performance - For Q1 2025, MedX Holdings achieved its strongest financial performance to date, with significant improvements in gross margins and operational efficiency [2] - Net income reached a new high, indicating a turnaround in profitability, while total stockholders' equity increased and liabilities were reduced [2] Strategic Developments - The company is co-developing a customizable point-of-sale system for cannabis retail environments, ensuring compliance with state regulations [5] - MedX is pursuing licensing and partnerships to establish a consumption lounge in Las Vegas and has plans for hemp pre-roll manufacturing in Albuquerque, New Mexico [6] - A new franchise location has been opened near the University of Texas in Austin, Texas [6] Technology and Innovation - The AI-driven commerce initiative includes mobile vending machines and AI Budtender and Barista agents to improve user experience [4] - The new point-of-sale system will be offered to other cannabis operators nationwide, bundled with secure payment processing solutions [5] Leadership Perspective - CEO Hans Enriquez emphasized the company's commitment to executing its business model effectively, focusing on sales growth, franchise expansion, and technological advancements [7]