Rodedawg Intl. Ind, Inc. (OTC: RWGI) Provides 2nd Quarter Company Milestone Updates for April 2024
- Upgrade of cannabis distribution license to 'Record Complete' status signals revenue growth potential
- CEO Chris Swartz expresses confidence in achieving 2024 roadmap milestones through sales and acquisitions
- New distribution license expected to contribute significantly to company revenues
- Company poised for growth via strategic efforts and expanding revenue streams
- None.
Cannabis Distribution Licensing Record Updated to Complete & Share Cancellation Moving Forward
COSTA MESA, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) proudly announces the Company’s cannabis distribution license in Coachella, California, owned by its wholly-owned subsidiary, Parabola Mgmt. LLC, has been upgraded to “Record Complete” by the California Department of Cannabis Control.
Chris Swartz, CEO, states, “On April 12th, 2024, we informed our shareholders via X (formerly known as Twitter) that we had achieved one of our key 2nd Quarter 2024 milestones. In advance of “4-20 Day”, I am extremely proud of our team for completing the third point of ‘Expanding our Cannabis License Portfolio’ and working diligently toward having the licensed cannabis distribution center become an important revenue-generating operating unit of Rodedawg. This recent development is exciting for our company as this new distribution license is poised to expand the revenues of the Company. With the new status of “Record Complete,” we expect this new license to generate a significant portion of our revenues. Given the successes of our team and the acceleration of our growth curve, we are confident that our management team will continue to accomplish our 2024 roadmap. The completed milestone accomplishments coupled with our planned efforts have Rodedawg poised for growth via sales, acquisitions, and mergers that will, in turn, lead to continuing the expansion of the already increasing 2024 revenues.”
Mr. Swartz concludes, “We will continue to provide regular updates for our shareholders as we complete our 2024 roadmap milestones during this 2nd Quarter 2024. Three key items that I also want to inform our shareholders about are that 1) no reverse split is planned, 2) we have submitted share cancellation documents and resolutions to remove over 100 million shares from our outstanding share count, and 3) 1st Quarter 2024 Financials are complete, and we expect to post our disclosures before the end of April 30th, 2024, with some very good news. Once again, we continue to thank our loyal shareholders for their ongoing support as we create Rodedawg to become an industry leader in the licensed cannabis market.”
About Rodedawg International Industries, Inc.
Rodedawg International Industries, Inc. (OTC: RWGI) is focused on providing management services, acquisitions, and restructuring resources throughout the regulated California cannabis market. We are a trusted partner and asset to licensed cultivation, distributors, manufacturers, and retail dispensaries.
Please note the company's Twitter address is https://twitter.com/RWGImerger for regular updates.
About Budding Horizon, LLC
Budding Horizon, LLC is a California Limited Liability Company with offices in Orange County, California. The company is focused to providing management services for the licensed cannabis industry and seeks to leverage its expertise in the real estate acquisitions to acquire and develop a portfolio of assets.
The company website is https://buddinghorizon.com/
About Brother Buds™
Brother Buds is a cannabis delivery service based in Costa Mesa, California. During the month of July 2023, Rodedawg will operate Brother Buds under a non-storefront cannabis delivery license. The cannabis delivery service will focus on Los Angeles County, Orange County, and northern San Diego County in the demographic area of 23.86 million in 2019. The company is focused to providing management services for the licensed cannabis industry and seeks to leverage its expertise in the real estate acquisitions to acquire and develop a portfolio of assets.
The company website is https://BrotherBuds.com
Make sure to follow us at: https://twitter.com/BrotherBudsOC
About Elixicure
"Elixicure is a leading provider of manufacturing and capsule encapsulation services. We offer a wide range of services to meet the diverse needs of our clients, including capsule encapsulation, formulation, manufacturing, labeling and bottle filling. Our state-of-the-art facilities and experienced team of professionals allow us to deliver high-quality products and exceptional customer service. Whether you are looking for small-scale or large-scale production, we have the expertise and capabilities to meet your needs. Contact us today to learn more about how we can support your manufacturing and encapsulation needs.
The company website is https://elixicure.com/
Make sure to follow us at: https://twitter.com/Elixicure
Contact Information:
Rodedawg International Industries, Inc.
1-800-793-0355
ir@buddinghorizon.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE: Rodedawg International Industries, Inc.
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FAQ
What milestone did Rodedawg Intl. Ind, Inc. (RWGI) achieve in April 2024?
What is the significance of the 'Record Complete' status for RWGI's cannabis license?
How does CEO Chris Swartz view the company's growth prospects for 2024?
What are the key points mentioned by CEO Chris Swartz regarding the company's recent developments?
