PAO GROUP INC Announces Indoor
Grow and Lab Acquisition, CHAMPS Tradeshow
Attendance and CMO Appointment
SANDUSKY, OH --
March 12, 2019 -- InvestorsHub NewsWire -- PAO Group, Inc. (OTC:
PAOG), a holdings
company focused on the proper use of medical cannabis, and through
its subsidiaries who are currently growing medical cannabis in the
state of Michigan and pursuing additional
MMFLA licensing through LARA
for the cultivation,
processing, and transportation of medical and recreational
cannabis, is
pleased to announce that we are moving forward with the acquisition
of a cannabis grow and processing lab operation in Romulus,
MI.
"The business that we are acquiring is
a secure
multi-acre multi-building
facility,
with ample room for expansion to scale with our capabilities,"
stated PAOG CEO Karl Riedel. The acquisition includes a grow
operation, a
cannabis extraction and distillate laboratory along with its client base of growers,
dispensaries, wholesale edibles and vape producers it has developed
over the last eight years. "We are very excited about the
opportunity and look forward to servicing the existing wholesale
client base of dispensaries and edibles companies in
the state of Michigan. The ability to deliver premium quality
distillate establishes our brand as a premier processor in the
category, and distillate remains the backbone of the cannabis
industry through its versatility across consumer products including
vape cartridges," continued Riedel.
"Cannabis distillation is a
processing and extraction method to isolate THC / CBD compounds,
producing a refined oil ("distillate") of over 90% purity, which
can then be infused into a variety of products such as vape pens,
edibles, pills, topical solutions and more."
https://precisionextraction.com/2018/02/making-cannabis-distillate/
"With the recent announcement
from LARA, we can continue to operate
our current grow operation under Caregiver medical marijuana
licenses in Michigan while we transition through the Commercial
Grower (Class C) and Processor licensing
application process," explains Riedel. According to
LARA, "The Dept. of Licensing and Regulatory Affairs (LARA) will
recommend at the March 21, 2019 meeting of the Medical Marihuana
Licensing Board (MMLB) that the board adopt a resolution which will
help maintain patient access to medical marijuana by
allowing certain licensed facilities to continue to source product
from caregivers. "
The PAOG executive team also
recently attended the 20th anniversary CHAMPS Tradeshow in
Las Vegas,
which is the premier counterculture
B2B expo in the
cannabis industry. It was the 20th anniversary for CHAMPS Las
Vegas, and
the 40th Las Vegas trade show for CHAMPS; it was also the
17th CHAMPS trade show attended by PAOG COO
Patrick Blasko.
"CHAMPS was a great opportunity for us to
meet with a wide variety of vendors in the cannabis industry, and
we were very pleased to reconnect with major trade publications,
equipment suppliers, and social media influencers at the show. I am
confident in the partnerships we forged at
CHAMPS, and look forward to building business together with
branding, marketing, and OEM opportunities."
PAOG is pleased to announce
that we have officially appointed Andres Fernandez as our new Chief
Marketing Officer (CMO). PAOG CEO Karl Riedel stated, "I
have worked with Andy for over a decade, across 3 different
companies; most recently as my Marketing Coordinator at VMR
Products. He brings a fresh perspective and creativity to our
marketing and branding, and we work very well together. I'm excited to add
Andy to the PAOG board of directors, and we are looking forward to
unveiling our new cannabis brand High End Products."
Andres Fernandez has a strong
management background, having previously served as the Executive
Vice President of EuroMed, which was acquired by leading
healthcare company McKesson Corporation. "The CHAMPS Tradeshow in
Las Vegas was a great place for me to reconnect with the cannabis
social media influencers I've worked with in the past and also
introduce them to High End Products," stated
Fernandez. "I look forward to sharing our vision across all
platforms and making High End Products a leading competitor in the
cannabis sector."
ABOUT PAOG:
PAO
Group, Inc. (OTC:
PAOG) is a publicly
traded holdings company in America dedicated to alternative patient
care treatments, including the proper use of medical cannabis.
Through its subsidiaries and investment holdings,
the
company focuses on the growing, processing, and transportation of
premium medical cannabis products for the treatment of chronic and
terminal patients. PAO Group's
holdings include RSB Management, Inc. a team of highly experienced
business management professionals
focused on expanding the medical cannabis market in Michigan and
other medically legal States in the USA. RSB manages a
Michigan-based limited-liability corporation, High End Products
LLC, which is currently in the process of applying for
medical marihuana
facility licensing in the state of Michigan through the Department
of Licensing And
Regulatory
Affairs (LARA).
"Our mission is
to combat the opioid epidemic in America through the responsible
use of medical cannabis." The company is
headquartered in
Sandusky, OH, with offices in Detroit, MI and Miami, FL.
Visit our website at:
www.PAO.Group
| Contact
Us: info@pao.group or 1-888-2-PAOGROUP
(1-888-272-6472).
"Like" and "Share" PAO Group on
Facebook/paogroupinc
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Twitter
@paogroup
Forward-Looking Statements:
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and
Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. All statements,
other than statements of fact, included in this release, including,
without limitation, statements regarding
potential
future plans and objectives of the company, are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from
those
anticipated in such statements. Technical complications, which may
arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward-looking statements to reflect events or
circumstances after the date of this release.
CONTACT INFORMATION
Contact Us:
info@pao.group
1-888-2-PAOGROUP
(1-888-272-6472)
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