Business
Rodedawg Intl. Ind., Inc. (OTC:RWGI) Pays Deposit for Ownership into California Licensed Cannabis Operation
Rodedawg Intl. Ind., Inc. (OTC:RWGI) Pays Deposit for Ownership into California Licensed Cannabis Operation.
About this update from Rodedawg International Industries, Inc.
[{"type":"text","content":"Rodedawg Prepares for Move Into Cannabis Manufacturing, Distribution and DeliveryCOSTA MESA, CA / ACCESSWIRE / July 20, 2023 / Rodedawg International Industries, Inc. (OTC:RWGI) proudly announces the company has paid deposit into ownership of a licensed cannabis facility in Orange County, California. Chris Swartz, CEO, states \"We are proud to announce to our shareholders that Rodedawg has paid the initial deposit into the California licensed cannabis company with licensing for distribution, manufacturing, and delivery. This step for ownership participation of the license is the first and major step for Rodedawg. Previously the company was only launching its efforts in co-branded licensed facilities under strategic agreement. Today, I am tremendously proud and excited as we officially begin the process for the Rodedawg name to being put into the ownership. I hope that each and every one of our loyal shareholders is happy and excited with the accomplishment of this major milestone in the company history.\"Chris Swartz, CEO, adds, \"With the deposit now paid, the Company will move to creating multiple revenue streams with the following: 1) Share of total annual revenue estimated to be $750,000 to Rodedawg 2) Finalization of Management Agreement of Distribution estimated to be 2.4 Million and 3) and upcoming launch of www.BrotherBuds.com brand and the cannabis delivery service with conservative estimates at 6.7 Million annual revenue within 18 months of launch. The www.BrotherBuds.com website is near finalization, and we will notify our shareholders of the actual launch of the cannabis delivery service. In the interim, we invite our shareholders to preview the progress of the website. We will also be announcing the company's progress with our health care products of www.Elixicure.com, our topical pain relief brand, which has recently won a new production contract. Last but not least, we also intend to further the Rodedawg brand with another acquisition of a multi-million dollar complimentary brand within the next few weeks. This additional acquisition can further ensure we achieve our revenue target of 7 million dollars annually.\"Mr. Swartz concludes, \"Once again, I want to thank our loyal shareholders who have been with us on this journey. I also want to thank our internal team for their hard wor...