PAO Group Ord Shs (OTCMKTS: PAOG) made an official statement about its earnings. In addition, the group announced that it would generate and record its debut revenue this year.
In 2021, the company ventured into the CBD market sector
A source aware of the development shared that this year, the group forayed into the CBD market sector. PAO Group Ord Shs is developing CBD pharmaceuticals. It is understood that the group was awarded intellectual property regarding a method used to extract cannabis. The extraction method is granted U.S. Patent No. 9,199,960. ‘Method and apparatus for processing herbaceous plant materials including the cannabis plant’ is the title of the respective patient.
PAO Group Ord Shs will distribute nutraceuticals through another company
The team of experts at PAO Group Ord Shs will develop nutraceuticals. However, it has come to light that the company plans to distribute nutraceuticals through another company named North American Cannabis Holdings Inc (OTCMKTS: USMJ). The group’s CBD pharmaceutical initiative is constructed on CBD intellectual property, reportedly acquired from Nouveau Life Pharmaceuticals Inc (OTCMKTS: NOUV).
The CBD Nutraceuticals market is estimated to be worth $16.4 billion by 2027
If numbers are believed, the CBD nutraceuticals market was valued at $5.2 billion in 2020. Furthermore, according to estimates by industry experts, by 2027, the CBD Nutraceuticals market will be worth $16.4 billion.
The team of experts at PAO Group Ord Shs work on making giant leaps in the future of biopharmaceutical technology derived from cannabis. The organization also aims to strengthen its position in medical cannabis technology. The group was in the news recently for the two acquisitions, which it completed successfully. While one is a cannabis cultivation operation facility, the other is a cannabis biopharmaceutical asset.
Currently, the group owns a cannabis cultivator and focuses on the cultivation of hemp and marijuana. According to sources, the corporate house will focus on cultivating hemp within the U.S., and in Canada, the company will work on growing marijuana. In addition, lawmakers in the state of Texas have introduced hemp-friendly farming regulations. The same has paved the way for varsities in the state to introduce hemp farming research study programs.
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