Rodedawg Intl. Ind, Inc. (OTC: RWGI) Provides Shareholder Update

Rhea-AI Summary

Rodedawg International Industries, Inc. (RWGI) has released its Corporate Roadmap, detailing key activities and revenue expectations for 2024 and beyond. Following the acquisition of Parabola Mgmt., LLC, which included ownership of a California licensed cannabis company, the company plans to expand revenues through strategic acquisitions and mergers in the licensed cannabis business. The CEO, Chris Swartz, emphasizes the company's vision and plans for significant revenue growth, including the acquisition of cannabis licenses, expansion of the Wellness Division, and increased management and sales of licensed distribution. Shareholders can expect regular updates as the company completes milestones in the 1st Quarter of 2024. The CEO also reassures shareholders that no reverse split is planned.

Management Releases Corporate Roadmap of Revenues and Acquisitions

COSTA MESA, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) proudly announces the company has released the Company Roadmap of key corporate activities and revenue expectations. Chris Swartz, CEO, states “We are proud to inform our shareholders of our vision for 2024 and beyond since the completion of the acquisition of Parabola Mgmt., LLC. Given that the acquisition included ownership of the California licensed cannabis company with options to purchase additional licenses, we will be moving quickly to expanding the revenues of the Company via our central sales hub for distribution in southern California. Soon, we have strategically planned additional acquisitions and mergers in the licensed cannabis business that should increase 2024 revenues to meet our stated goals of 7 million annually.”

Chris Swartz, CEO, adds, “Moving forward our shareholders can expect regular updates as we complete milestones during this 1st Quarter 2024 that will lead to the significant increases to revenue growth:

1) Acquisition of cannabis licenses for manufacturing and distribution

2) Expand Wellness Division with Hemp and Cannabis Derived Isolates

3) Increased Management and Sales of Licensed Distribution

Mr. Swartz concludes, “We have a sharp vision and plan for the Rodedawg family, and we continue to thank our loyal shareholders for their ongoing support. Additionally, we want our shareholders to know that no reverse split is planned.”

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 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, the 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 norther 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

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c7cf59a-7a5b-4d24-8626-7263f5461748

FAQ

What is the ticker symbol for Rodedawg International Industries, Inc.?

The ticker symbol for Rodedawg International Industries, Inc. is RWGI.

What are the key activities mentioned in the Corporate Roadmap?

The key activities mentioned in the Corporate Roadmap include the acquisition of cannabis licenses for manufacturing and distribution, expansion of the Wellness Division with Hemp and Cannabis Derived Isolates, and increased management and sales of licensed distribution.

What is the revenue expectation for 2024?

The company aims to increase its 2024 revenues to 7 million annually through strategic acquisitions and mergers in the licensed cannabis business.

Is a reverse split planned for the company?

The CEO reassures shareholders that no reverse split is planned.

What additional acquisitions and mergers are planned for the licensed cannabis business?

The company plans to strategically acquire additional licenses and pursue mergers in the licensed cannabis business to increase revenues.

What updates can shareholders expect in the 1st Quarter of 2024?

Shareholders can expect regular updates as the company completes milestones in the 1st Quarter of 2024.

What is the vision for the Rodedawg family?

The CEO emphasizes the company's sharp vision and plan for the Rodedawg family, expressing gratitude to loyal shareholders for their ongoing support.

What was the recent acquisition that contributed to the company's expansion?

The recent acquisition of Parabola Mgmt., LLC included ownership of a California licensed cannabis company, contributing to the company's expansion.

What is the CEO's statement regarding revenue growth?

The CEO emphasizes the company's vision and plans for significant revenue growth, including strategic acquisitions and mergers in the licensed cannabis business.

What is the CEO's message to shareholders regarding future updates?

The CEO reassures shareholders that they can expect regular updates as the company completes milestones in the 1st Quarter of 2024.