PAOG announces that CBD pet products will soon hit a $ 100 billion market
SANDUSKY, Ohio, 20 October 2021 / PRNewswire / – PAO Group, Inc. (USOTC: PAOG) today revealed that the company is working on developing CBD products for pets and may have its first product ready to launch before the end of the year. year.
The market for pet products is estimated to be over $ 100 billion per year.
Last year, the company acquired intellectual property derived from research on CBD extracted in association with a patented extraction method (U.S. Patent No. 9,199,960). PAOG develops pharmaceutical and nutraceutical treatments for humans based on this intellectual property. Today, for the first time, the company revealed that it is also developing CBD products for pets.
On Monday of this week, PAOG announced the launch of its first CBD nutraceutical product, RelaxRX CBD, a sleeping pill.
The company plans to launch its second CBD nutraceutical product on Thursday this week, 21st of Octoberst, 2021.
PAOG is on track to achieve its first revenue this year, starting in the fourth quarter of 2021, since acquiring the extraction technology.
PAOG has confirmed the shipment of its first and second CBD nutraceuticals to its distribution partner, North American Cannabis Holdings, Inc. (USOTC: USMJ). The product will soon be available online at www.USMJ.com.
PAOG expects revenue to grow rapidly after its first and second CBD nutraceutical product launches, as the company has tracked products lined up to track those products, adding to overall sales potential.
Learn more on the USMJ e-commerce site at www.usmj.com.
Learn more about PAOG at www.paogroupinc.com.
Forward-looking statements: Certain statements contained in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and the 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 press release, including, without limitation, statements regarding the future plans and potential 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 that actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the rapid implementation of any strategically important plan described above. The Company assumes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
SOURCE PAO Group, Inc.