Rodedawg (OTC: RWGI) Launches TikTok Shop to Expand into Global E-Commerce Market
Rodedawg (OTC: RWGI), a leading cannabis manufacturer and distributor, has launched a TikTok Shop to expand into the global e-commerce market, targeting a $10 billion marketplace. The initial product offered is the all-natural Elixicure Topical Pain Relief cream. This strategic move aims to capitalize on TikTok's over 1 billion active users and its rapid e-commerce growth. Analysts predict that TikTok Shop e-commerce sales will reach $11 billion by the end of 2024. CEO Chris Swartz views this as a significant step in driving revenue growth and increasing shareholder value by accessing a broad and engaged audience.
- Rodedawg is expanding into TikTok's $11 billion e-commerce market.
- Initial product offering, Elixicure, aligns with increasing demand for natural and THC-free products.
- TikTok's 1 billion active users provide significant market reach.
- US social commerce sales predicted to surpass $100 billion by 2025, indicating a growing market.
- Company aims to increase shareholder value through diversified e-commerce efforts.
- No specific revenue or sales projections for Elixicure on the TikTok Shop mentioned.
- High competition in the e-commerce space, particularly on platforms like TikTok.
- Potential increased marketing and operational costs associated with launching on a new platform.
- Reliance on TikTok's platform, which may have unpredictable regulatory and market risks.
Company E-commerce Effort Expands into 10 Billion Dollar Marketplace
COSTA MESA, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI), a prominent cannabis manufacturer and distributor, is excited to announce the launch of its own TikTok Shop. This strategic move aims to leverage the booming e-commerce potential on TikTok, expanding Rodedawg's market reach and driving sales of its popular product lines. The initial product offering is the all natural Elixicure Topical Pain Relief cream.
Chris Swartz, CEO, states: “Our Elixicure sales efforts began on Amazon.com and Walmart.com and since then the global e-commerce market has been experiencing rapid growth with TikTok Shop emerging as a major player.”
With over 1 billion active users worldwide, TikTok offers unparalleled access to a diverse and engaged audience. According to e-Marketer, US social commerce sales will surpass
Chris Swartz, CEO of Rodedawg, adds: "Launching our TikTok Shop marks a significant milestone for Rodedawg as we continue to innovate and adapt to changing market dynamics. The potential for online sales through TikTok Shop is immense, and we are thrilled to offer our high-quality, organic, and THC-free products to a broader audience. This initiative aligns perfectly with our goal of driving revenue growth and increasing shareholder value."
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 Nutrient CBD
Rodedawg International Industries, Inc. has launched Nutrient CBD, featuring five new products: CBD Oil Tincture, CBD Roll-On, and CBD Pain Cream. The CBD Oil Tincture combines
Nutrient CBD website: www.NutrientCBD.com
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
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.
FAQ
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