Business
Rodedawg Intl. Ind., Inc. (OTC: RWGI) Signs Binding Letter of Intent for Cannabis Manufacturing, Distribution and Delivery
Rodedawg Intl. Ind., Inc. (OTC: RWGI) Signs Binding Letter of Intent for Cannabis Manufacturing, Distribution and Delivery.
About this update from Rodedawg International Industries, Inc.
[{"type":"text","content":"Company Continues Expansion into the Licensed California Cannabis MarketCOSTA MESA, CA / ACCESSWIRE / July 18, 2023 / Rodedawg International Industries, Inc. (OTC PINK:RWGI) proudly announces the company is continuing expansion into the California licensed cannabis market.\"We are proud to announce to our shareholders that Rodedawg has signed a Binding Letter of Intent for expansion into the California licensed market which will expedite the growth in revenue streams with new product offerings and distribution outlets. We wanted to share the positive news that we are accomplishing major milestones in our operations and moving toward our revenue goals for Year 1 of operation. This Letter of Intent gives the company the ability to operate within a licensed cannabis facility with the option to purchase company and gives Year 1 the forward acceleration toward our goal of $7 million plus in revenues for calendar year 2023,\" states Chris Swartz, CEO of Rodedawg Intl. Ind., Inc.Chris Swartz, CEO, adds, \"The Letter of Intent also provides the Company with the following: 1) Purchase Option of the license. 2) Management Agreement of Distribution; and 3) Ability to launch a cannabis delivery service. As part of the original acquisition of Rodedawg assets, we also acquired the license to utilize the www.BrotherBuds.com brand and we fully intend to operationalize the delivery service when the final contracts are completed. Work has already started with updating the website and we will notify our shareholders of the cannabis delivery service launch. The Brother Buds delivery service will initially begin in Southern California, and we plan to license the brand nationally. In 2020, the highest number of cannabis consumers in the United States were located in the state of California, amounting to approximately 6.7 million. We will also be announcing the company's progress with our healthcare products of www.Elixicure.com, our topical pain relief brand, which has recently won a new production contract. Lastly, we also intend to further the brand with another acquisition of a multi-million dollar complimentary brand further ensuring we achieve our revenue target.\"Mr. Swartz concludes, \"I want to thank our loyal shareholders who have been with us as we develop Rodedawg into a formidable cannabis company with complimen...