Business
PAOG Expands CBD Footprint Into Market Forecasted To Reach Over $29 Billion
PAOG Expands CBD Footprint Into Market Forecasted To Reach Over $29 Billion.
About this update from Pao Group, Inc.
[{"type":"text","content":"\n\n\n\nPAOG Expands CBD Footprint Into Market Forecasted To Reach Over $29 Billion\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPAOG Expands CBD Footprint Into Market Forecasted To Reach Over $29 Billion\nPR Newswire\nSANDUSKY, Ohio, Oct. 27, 2021\n\n\n\nSANDUSKY, Ohio, Oct. 27, 2021 /PRNewswire/ -- 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%.\nPAOG 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.\nPAOG expects to realize its first revenue in Q4 2021 since entering the CBD market.\nPAOG 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.\"\nPAOG acquired its CBD intellectual property last year in 2020.\nPAOG is continuing to expand through merger and acquisition.\nThe company recently announced its merger and acquisition development pipeline supports plans for a first acquisition to close before the end of this year.\nPAOG'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.\nLearn more about PAOG at www.paogroupinc.com.\nForward-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 for...