PAOG CBD Nutraceuticals Rollout On Track Targeting $5 Billon Market

Rhea-AI Summary

PAO Group, Inc. (OTC Pink: PAOG) has confirmed that its CBD Nutraceuticals line is set to launch in 2021, aiming to generate revenue this year. The company will provide an update on this initiative on June 23rd, highlighting new developments that may enhance market opportunities. The CBD Nutraceuticals market, valued at $5.2 billion in 2020, is projected to reach $16.4 billion by 2027. Additionally, PAOG is developing RespRx, a CBD pharmaceutical for treating Chronic Obstructive Pulmonary Disorder, based on a patented extraction method.

Positive

• Launch of CBD Nutraceuticals line expected to generate revenue in 2021.
• Update on CBD Nutraceuticals development scheduled for June 23rd, potentially enhancing market opportunities.
• CBD Nutraceuticals market projected to grow from $5.2 billion in 2020 to $16.4 billion by 2027.
• Development of RespRx for Chronic Obstructive Pulmonary Disorder using patented extraction method.

Negative

• None.

Sandusky, Ohio, June 17, 2021 (GLOBE NEWSWIRE) -- PAO Group, Inc. (OTC Pink: PAOG) today confirmed the company’s plan to launch a CBD Nutraceuticals line of products expected to generate revenue this year, in 2021, is on track. The company also continues in the long-term CBD pharmaceutical.

Next week, on Wednesday, June 23^rd, management will release an update on the company’s CBD Nutraceuticals development initiative to include new developments expected to expand PAOG’s overall market opportunity.

The 2020 CBD Nutraceuticals Market had an estimated value of $5.2 Billion, and it is expected to reach $16.4 Billion by 2027.

PAOG is working on the development of a CBD pharmaceutical product under the name RespRx, for the treatment of Chronic Obstructive Pulmonary Disorder (COPD) derived from 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."

PAOG plans to develop and distribute its CBD nutraceuticals with Alkame Holdings, Inc. (OTC Pink: ALKM) as a copacker and North American Cannabis Holdings, Inc. (OTC Pink: USMJ) as a distributor.

Learn more about PAOG at www.paogroupinc.com.

Forward-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 forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

CONTACT INFORMATION

Contact Us:
Jim DiPrima
888-272-6472
info@pao.group

FAQ

What is the expected revenue generation timeline for PAOG's CBD Nutraceuticals?

PAOG's CBD Nutraceuticals line is expected to generate revenue in 2021.

When will PAOG provide an update on its CBD Nutraceuticals development?

PAOG will release an update on June 23, 2021.

What is the current market value of the CBD Nutraceuticals market?

The CBD Nutraceuticals market was valued at $5.2 billion in 2020.

What is the projected growth of the CBD Nutraceuticals market?

The market is expected to reach $16.4 billion by 2027.

What is RespRx being developed for by PAOG?

RespRx is being developed for the treatment of Chronic Obstructive Pulmonary Disorder.