PAOG CBD Nutraceuticals Underdevelopment To Be Distributed Through USMJ
January 27 2021 - 10:47AM
InvestorsHub Cannabis NewsWire
Sandusky, OH -- January 27, 2021 --
InvestorsHub NewsWire -- PAO Group, Inc. (USOTC:
PAOG) today announced moving forward with its initiative to
produce cannabis nutraceuticals. PAOG added that the
nutraceuticals, in addition to other distribution channels, will be
available through the North American Cannabis, Inc. (USOTC:
USMJ) ecommerce site
www.usjm.com.
PAOG recently engaged with the Puerto Rico Consortium for Clinical
Investigation (PRCCI) to assist PAOG with developing its
proprietary Cannabidiol (CBD) extract into a nutraceutical product
to provide care for those experiencing issues associated with
Chronic Obstructive Pulmonary Disorder
(COPD).
Last year,
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."
Earlier this week PRCCI advanced next step
plans to PAOG to advance the nutraceutical
developments.
PAOG plans to work with Alkame Holdings,
Inc. (USOTC:
ALKM) in the packaging of its
nutraceuticals.
The business relationship with ALKM was
established through PAOG’s partnership with Puration, Inc.
(USOTC:
PURA). Last year PAOG acquired a cannabis cultivation business
from PURA and subsequently entered into an ongoing partnership with
the two companies working together on PURA’s Farmersville brands
project. PURA owns a five percent stake in
ALKM.
PURA also has long-term relationship with
USMJ. The USMJ CEO, Steven Rash, is a PURA board member.
Accordingly, the USMJ distribution opportunity for PAOG’s
nutraceutical products under development came about through the
broader PAOG – PURA partnership.
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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