SANDUSKY, Ohio, Oct. 14, 2021 /PRNewswire/ -- PAO Group, Inc. (USOTC: PAOG) today announced encountering a flurry of outside interest of late into the company's CBD pharmaceutical respiratory treatment research.
Last year, the company acquired intellectual property derived through research into CBD extracted in association with a patented extraction method (U.S. Patent No. 9,199,960). The ongoing research targets the treatment of respiratory disorders in support of a pharmaceutical being developed by PAOG under the name RespRx.
PAOG has engaged Veristat as a CRO to prepare an IND for the FDA.
Of late, CBD is becoming more universally recognized for is respiratory health benefits. For example:
In conjunction with PAOG's ongoing IND initiative for RespRx, and PAOG's connection with U.S. Patent No. 9,199,960 entitled "METHOD AND APPARATUS FOR PROCESSING," PAOG is now receiving unsolicited contacts expressing interests ranging from investment and partnership to acquisition.
PAOG is not altering its plans at this stage in reaction to the recent interest. The company will continue developing its pharmaceutical and nutraceutical treatments.
PAOG expects to realize its first CBD nutraceutical product sales beginning imminently in Q4, 2021.
The company confirms shipping its first CBD nutraceutical product to its distribution partner, North American Cannabis Holdings, Inc. (USOTC: USMJ).
PAOG plans to announce specifics about its first CBD nutraceutical product in an upcoming formal product launch announcement once the distributor is set up to begin sales and distribution.
PAOG expects revenue to grow rapidly following its first CBD nutraceutical product launch as the company has follow on products lined up to follow the first product adding to overall sales potential.
The 2020 CBD Nutraceuticals Market had an estimated value of $5.2 Billion, and it is expected to reach $16.4 Billion by 2027.
Learn more about USMJ's ecommerce site at www.usmj.com.
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.
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SOURCE PAO Group, Inc.