PAOG Targets $18 Billion Market Opportunity With New CBD Nutraceutical To Be Packaged By ALKM And Marketed By USMJ
24 6월 2021 - 10:59PM
InvestorsHub NewsWire
Sandusky, OH --
June 24, 2021 -- InvestorsHub NewsWire -- PAO Group, Inc. (USOTC:
PAOG) today published a CBD Nutraceuticals Business Development
Update. PAOG expects to generate revenue this year from its CBD
Nutraceuticals.
PAOG’s CBD
Nutraceuticals Business Development initiative is a complimentary
effort running in parallel to PAOG’s ongoing Pharmaceutical
Developments.
PAOG is working
on the development of a CBD pharmaceutical product under the name
RespRx, for the treatment of 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."
PAOG is drawing
on its CBD Pharmaceutical Intellectual Property in the development
of its CBD Nutraceuticals.
PAOG plans to
launch a CBD Nutraceuticals line of products expected to generate
revenue this year, in 2021, is on
track.
The 2020 CBD
Nutraceuticals Market had an estimated
value of $5.2 Billion and it is expected to reach $16.4 Billion by
2027.
The first CBD
Nutraceutical under development will sell under the name CBD
RELAX-RX targeting the anxiety and depression treatment market
anticipated to reach a value
of $18 billion by
2025.
The second CBD
Nutraceutical under development will be derived from PAOG's ongoing
COPD research targeting the COPD treatment market separately from
the pharmaceutical market also targeting COPD
treatment.
The third CBD
Nutraceutical is being developed in partnership with the EVERx CBD
Sports Water Brand owned by Puration, Inc. (OTC
Pink: PURA) and will target the sports nutrition
market.
PAOG has
recently brought a new PhD in Pharmacological Sciences on board to
lead the CBD Nutraceuticals and Pharmaceuticals Team. Look
for a detail announcement coming
soon.
PAOG plans to
develop and distribute its CBD nutraceuticals with Alkame Holdings,
Inc. (OTC
Pink: ALKM) as a copacker and North American Cannabis Holdings,
Inc. (OTC
Pink: USMJ) as a
distributor.
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)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
PAO (PK) (USOTC:PAOG)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
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