PAOG Announces $50,000 Estimated Q4 2020 Revenue From Cannabis Cultivation Subsidiary
February 03 2021 - 8:37AM
InvestorsHub Cannabis NewsWire
Sandusky, OH -- February 3, 2021 --
InvestorsHub NewsWire -- PAO Group, Inc. (USOTC:
PAOG) today announced the company anticipates reporting an
estimated $50,000 in revenue for Q4
2020.
The revenue is anticipated from a $300,000
sales agreement executed by PAOG’s cannabis cultivation
subsidiary.
Last summer, PAOG acquired a cannabis
cultivation business from Puration, Inc. (USOTC:
PURA). The acquisition was made in conjunction with
PAOG’s overall strategy to refresh and renew its overall cannabis
healthcare industry strategy.
Last year, also
in conjunction PAOG’s plan to refresh and renew its overall
cannabis healthcare industry strategy, the company with
PAOG acquired
RespRx from Kali-Extracts, Inc. (OTC
Pink: KALY). RespRx is a cannabis treatment under development
for Chronic Obstructive Pulmonary Disorder (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."
As part of the transaction with PURA, PAOG
plans to issue a dividend of one share to PURA shareholders for
every one share held of PURA stock. PAOG and PURA anticipate
announcing dividend details soon pending the completion of
necessary approvals now underway.
PAOG anticipates approximately $50,000 in
revenue per quarter for the next six quarters from the
aforementioned $300,000 sales
agreement.
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
Kali (CE) (USOTC:KALY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Kali (CE) (USOTC:KALY)
Historical Stock Chart
From Oct 2023 to Oct 2024