SANDUSKY, Ohio, Jan. 27, 2021 /PRNewswire/ -- PAO Group, Inc. (USOTC: PAOG) today announced moving forward with its initiative to produce cannabis nutraceuticals. PAOG added that the nutraceuticals, in addition to other distribution channels, will be available through the North American Cannabis, Inc. (USOTC: USMJ) ecommerce site www.usjm.com.
PAOG recently engaged with the Puerto Rico Consortium for Clinical Investigation (PRCCI) to assist PAOG with developing its proprietary Cannabidiol (CBD) extract into a nutraceutical product to provide care for those experiencing issues associated with Chronic Obstructive Pulmonary Disorder (COPD).
Last year, PAOG acquired RespRx from Kali-Extracts, Inc. (OTC Pink: KALY). RespRx is a cannabis treatment under development for 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."
Earlier this week PRCCI advanced next step plans to PAOG to advance the nutraceutical developments.
PAOG plans to work with Alkame Holdings, Inc. (USOTC: ALKM) in the packaging of its nutraceuticals.
The business relationship with ALKM was established through PAOG's partnership with Puration, Inc. (USOTC: PURA). Last year PAOG acquired a cannabis cultivation business from PURA and subsequently entered into an ongoing partnership with the two companies working together on PURA's Farmersville brands project. PURA owns a five percent stake in ALKM.
PURA also has long-term relationship with USMJ. The USMJ CEO, Steven Rash, is a PURA board member. Accordingly, the USMJ distribution opportunity for PAOG's nutraceutical products under development came about through the broader PAOG – PURA partnership.
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.
SOURCE PAO Group, Inc.