Dazed Inc Powers Ahead with Dallas Expansion, Strong Q2 Gains and Buyback Strategy

AUSTIN – Dazed Inc., formerly MedX Holdings, Inc., released a broad corporate update covering retail expansion, Q2 2026 financials, a planned stock buyback, and product distribution gains.

The headline addition is a signed franchise agreement for a new Lazydaze Coffeeshop in Dallas, bringing the total brand footprint to 13 stores, comprising 7 currently operating locations, 11 signed franchise agreements, and 2 corporate-owned stores.

Texas continues to demonstrate substantial consumer demand for compliant edibles and THC beverages, even as state regulators have signaled ongoing scrutiny of hemp-derived products. Dazed management is also tracking the federal rescheduling process, expressing confidence that the DEA will finalize its determination to reclassify adult-use Cannabis to Schedule III under the Controlled Substances Act.

Additionally, the company announced its Q2 2026 financial results, citing continued year-over-year revenue growth driven by its expanding store count and distribution activity. Active deleveraging initiatives have strengthened the company’s balance sheet position, and management has stated no intentions of dilution or a reverse split. A stock buyback is being staged for Q4 2026, with terms still to be finalized. CEO Hans Enriquez framed the announcement squarely around shareholder value — a message the company has been amplifying since its official rebrand in late July.

Dazed Distribution, the company’s wholesale arm, is extending its product lineup through Q3–Q4 2026 with two new additions: THC-infused wine and THC-infused non-alcoholic beer. These join existing Lazydaze-branded offerings – THC-infused whole bean coffee and a ten-mushroom functional blend – in a rollout targeting both franchise locations and third-party retail accounts. Dazed Distribution positions itself as a specialist in hemp-derived beverages, filling gaps that alcohol distributors have yet to recognize.

Dazed Inc.’s August disclosure reads as a company in deliberate transition from early-stage brand builder to a multi-channel operator with integrated retail, distribution, and technology verticals. The franchise expansion into Dallas tests how durably consumer appetite can outpace regulatory friction in one of the country’s more complex hemp markets. The Q4 buyback, while terms remain open, is a measured signal that management believes the share structure is undervalued. The harder challenge ahead is execution. Revenue trajectory and distribution scale will need to demonstrate they can support the framework the company is now publicly committing to.