PAOG Expands CBD Footprint Into Market Forecasted To Reach Over $29 Billion
28 Octobre 2021 - 4:15PM
InvestorsHub NewsWire
Sandusky, OH --
October 28, 2021 -- InvestorsHub NewsWire -- PAO Group, Inc.
(USOTC:
PAOG) today cited recent CBD market analysis from Technavio
forecasting the CBD market to reach
$29.91
billion by 2025 growing
at a CAGR of 27%.
PAOG has
recently entered the CBD market introducing its first to CBD
nutraceutical products, RelaxRX
and RehabRX.
PAOG is developing a “RX” CBD nutraceuticals brand. The
company plans to soon introduce additional CBD products under the
“RX” brand.
PAOG expects to
realize its first revenue in Q4 2021 since entering the CBD
market.
PAOG is
developing CBD pharmaceutical and nutraceuticals from its
intellectual property associated with 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."
PAOG acquired
its CBD intellectual property last year in
2020.
PAOG is
continuing to expand through merger and
acquisition.
The company
recently announced its merger and acquisition development pipeline
supports plans for a first acquisition to close before the end of
this year.
PAOG’s merger and acquisition objective is
to complement its existing CBD intellectual property while
diversifying its product production opportunity and accelerating
the potential for rapid revenue
growth.
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
PAO (PK) (USOTC:PAOG)
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