PAOG Targets First Revenue From $12.7 Billion Market Selling CBD COPD Nutraceutical Care Product Line
December 18 2020 - 9:10AM
InvestorsHub Cannabis NewsWire
Sandusky, OH -- December 18, 2020 --
InvestorsHub NewsWire -- PAO Group, Inc. (USOTC:
PAOG) today announced the company expects to generate its first
revenue next year in 2021 from its Cannabidiol (CBD) extraction technology,
RespRx, acquired in July of this year,
2020.
Yesterday, PAOG announced an engagement with the Puerto Rico Consortium for
Clinical Investigation (PRCCI) to assist PAOG with developing its
proprietary CBD extract into a nutraceutical product to provide
care for those experiencing issues associated with Chronic
Obstructive Pulmonary Disorder
(COPD).
PAOG, through
its engagement with PRCCI expects to rapidly produce its CBD COPD
Nutraceutical product and establish sales. Grand View
Research forecasts the CBD Nutraceutical marketplace reaching a
value of $12.7
billion by 2025.
PRCCI is a not-for-profit network of top
performing, high-quality research sites invested in increasing the
speed and quality of clinical trials. PRCCI enhances clinical
research speed and quality by driving performance and efficiencies
in research sites, leveraging strategic partnerships and by
establishing world-class
capabilities.
On July 30,
2020, PAOG acquired RespRx from Kali-Extracts, Inc. (OTC
Pink: KALY) RespRx is a cannabis treatment under development
for COPD derived from a patented cannabis extraction method - U.S.
Patent No. 9,199,960 entitled "METHOD AND APPARATUS FOR PROCESSING
HERBACEOUS PLANT MATERIALS INCLUDING THE CANNABIS
PLANT."
In addition to assisting PAOG with the
laboratory development of CBD nutraceutical care solutions for
those experiencing issues associated with COPD, PRCCI is also
working to assist PAOG with expanding its hemp cultivation business
in Puerto Rico. Earlier this year, PAOG acquired a hemp
cultivation business from Puration, Inc. (USOTC:
PURA). PRCCI is also working to assist PAOG in its
partnership with PURA and Alkame Holdings, Inc. (USOTC:
ALKM) to expand ALKM’s co-packing operations in Puerto Rico in
conjunction with the development of a CBD nutraceutical care
solutions for those experiencing issues associated with
COPD.
Learn more about PRCCI at
www.prcci.org.
Learn more about
PAOG at www.paogroupinc.com.
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:
Jim DiPrima
888-272-6472
info@pao.group
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