Business
Rodedawg International Industries, Inc. (OTC: RWGI) Provides Shareholder Year End Update
Rodedawg International Industries, Inc. (OTC: RWGI) Provides Shareholder Year End Update.
About this update from Rodedawg International Industries, Inc.
[{"type":"text","content":"\n COSTA MESA, CA, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) proudly announces year end updates with significant progress on our path to building a multi-million-dollar dispensary operation and management company in the $6 billion-dollar California cannabis market. Under the new leadership of Chief Executive Officer Chris Swartz, we will execute our model of entering management contracts with licensed facilities, assessing true valuation, and ultimately acquiring them, the real estate and/or distribution centers they may own. The cannabis industry is flooded with undercapitalized, poorly connected operations in need of direction, management, and economies of scale. Rodedawg has positioned itself to capitalize on a “roll-up” styled strategy to capitalize on management’s experience, relationships and resources in the cannabis industry. We will focus only on immediate or near-term revenue producing opportunities. Chris Swartz, CEO, states, “We have a completed our year-end with tremendous strides on our road map to achieving a minimum $5mm+ in revenues in 1st year of operation. Our initial step was the acquisition of our first revenue generating cannabis operation, Tree Moguls (Tree Moguls - A Higher Class). Through this acquisition we acquired a deep technology stack which includes Augmented Reality (AR) and Virtual Reality (VR) embedded branding for the Tree Moguls™ brand, as well as the manufacturing and distribution reach within established accounts in Los Angeles County. “We are also pleased to announce, that we signed a Binding Letter of Intent with a Southern California facility to manage a licensed cannabis dispensary and distributor. We expect to finalize the agreement before the end of the week that will generate over $5 million dollars in the first year of our management.” continued Swartz. Additionally, Company leadership has agreed to the following goals and success milestones for 4th Quarter 2022.  Finalize the Letter of Intent by November 11th, 2022 with formal announcementBegin PCOAB Audit with completion on or before January 2023With 2022 Year End Financials, the Company will submit the request to OTC Markets to remove Shell Status.Expand our management contracts to include at least 1 more licensed dispensary and 1 more ...