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AAP, Inc. (OTC Pink: AAPJ) has successfully canceled over $2 million in debt, including agreements with Redtail LLC for $1.5 million and in-house debt collections for $550,000. This strategic move aims to reduce financial overhang and enhance focus on the Buddha Company, a cannabis business in Los Angeles. CEO Paul Bakajin expressed confidence in AAP's future, highlighting the potential for growth and the establishment of new opportunities with Buddha. The company is also undertaking efforts to revamp its online presence, including a new website and updated social media pages.
AAP, Inc. (OTC: AAPJ) has acquired a controlling interest in the Buddha Company, a cannabis business located in Los Angeles. This acquisition provides AAPJ with a premier 22,000 square foot facility that allows for cultivation, manufacturing, and retail activities. The Buddha Company is fully vertically integrated and can generate significant revenue, with projected first-year revenue of $6.3M from a new sales model. Additionally, the company holds valuable 'Pre-ICO' licenses that grant operational advantages in the cannabis market.
AAP, Inc. (OTC Pink: AAPJ) has announced the cancellation of its agreement with ExcelRev regarding the operation of a delinquent debt business. The company intends to focus on a potential new acquisition while continuing efforts with Red Tail Construction, which has projects exceeding $15 million in 2022. AAP has an option to acquire 100% of Red Tail, founded in 2016, as it seeks a quality partner for expansion. CEO Paul Bakajin expresses optimism for future opportunities and acknowledges the company's new direction.
AAP, Inc. (OTC Pink: AAPJ) recently announced significant advancements, including the acquisition of three new businesses: an in-house debt collection service, Redtail, LLC for infrastructure construction, and North Star Developers for real estate. The company reported its strongest financial results in over a decade, highlighting substantial revenue growth for Q2 2021, which is expected to continue. The management underscores a commitment to future growth and enhanced shareholder value while maintaining transparency through updated communications.
AAP, Inc. (OTC Pink: AAPJ) has announced a 50/50 partnership with North Star Developers, LLC for real estate acquisition and development. President and CEO Paul Bakajin sees this as a pivotal addition to the company’s expanding portfolio, which now includes debt collection and infrastructure construction. The partnership aims to enhance growth and financial strength. A company website redesign is forthcoming, along with updates to better engage shareholders. Past social media posts are to be disregarded in favor of verified outlets.
AAP, Inc. (OTC Pink: AAPJ) announced the acquisition of an 18% stake in Redtail, LLC for $1.5 million in cash, with an option to acquire the remaining 82%. CEO Paul Bakajin emphasized this investment as a strategic move into an emerging growth industry, aiming for operational synergies. Redtail is projected to achieve over $12 million in working projects for 2021, marking a significant growth year. This partnership is expected to enhance AAP's financial position and shareholder value through collaborative revenue-generating and cost-saving opportunities.
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