Published: October 12, 2021 at 9:12 am MDT|Updated: 49 minutes ago
SANDUSKY, Ohio, Oct 12, 2021 / PRNewswire / – PAO Group, Inc. (USOTC: PAOG) announced today that it expects to realize its first sale of CBD nutraceutical products immediately in the fourth quarter of 2021.
The company confirms that its first CBD nutraceutical product will be shipped to its distributor North American Cannabis Holdings, Inc. (USOTC: USMJ).
PAOG plans to provide details on its first CBD nutraceutical product in an upcoming official product launch announcement once the distributor is set up to begin sales and distribution.
PAOG expects sales to grow rapidly after the launch of the first CBD nutraceutical product as the company has continued to develop products that are targeted at the first product, increasing the overall sales potential.
PAOG develops CBD pharmaceuticals and nutraceuticals from its intellectual property associated with a patented cannabis extraction method – US Patent No. 9,199,960 entitled “METHOD AND APPARATUS FOR PROCESSING HERBACEOUS PLANT MATERIALS INCLUD THE CANNABIS PLANT”.
The 2020 CBD Nutraceutical Market had an estimated value of $ 5.2 billion, and it is expected to be achieved $ 16.4 billion by 2027.
Learn more about the USMJ e-commerce site at www.usmj.com.
Learn more about PAOG at www.paogroupinc.com.
Forward-Looking Statements: Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 of the Securities Act of 1933 and Rule. contain 3b-6 under the Securities Exchange Act of 1934 and subject to the safe haven created by these rules. All statements in this press release, other than statements of fact, including, but not limited to, statements regarding possible future plans and goals 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. Any technical complications that may arise could prevent the strategically important plans described above from being implemented quickly. The company assumes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this publication.
Show original content:
SOURCE PAO Group, Inc.
The above press release is courtesy of PRNewswire. The views, opinions, and statements contained in the press release are not endorsed by, nor do they necessarily reflect those of Gray Media Group, Inc.