New Leadership Commences Execution of Company Strategy to Manage and Ultimately Acquire California Licensed Store
COSTA MESA, CA, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) proudly announces signing and execution of the contract for management of a multi-million-dollar dispensary set to open on or before January 2023. The facility is a California fully licensed cannabis operation with multiple cannabis licenses including cultivation, manufacturing, distribution, delivery, and retail dispensary. Chris Swartz states, “The management contract includes the completion of the remaining buildout and will allow our team to assess true valuation prior to tendering an offer for acquisition. This contract demonstrates that our relationships and expertise in the cannabis market is in high demand by operations needing direction, management, and economies of scale.” This contract positions Rodedawg to capitalize on a “roll-up” styled strategy to capitalize on management’s experience, relationships and resources in the cannabis industry.
Chris Swartz, CEO, states, “Not only does this contract position Rodedawg for it’s first dispensary acquisition but also will generate several hundred thousand in monthly revenue while we assess the true value of the entire facility. Based on our initial assessment, we expect this facility will generate over $5 million dollars in the first year of our management and that before year end, our team will be in position to tender an offer.”
Mr. Swartz states, “In the coming weeks, we will continue to provide updates on our brand launches including Tree Moguls (Tree Moguls - A Higher Class) with updates including the increased distribution within established accounts in Los Angeles County. The company will also provide updates on beginning its PCOAB audit, removal of shell status, progress for cancellation of shares, and debt structure to acquire the fully licensed facility with a debt instrument can be repaid from the revenues generated from the facility we manage and eventually own. Lastly, our team is focused to increasing shareholder value and we want our shareholders to know that no reverse split is planned as we grow the Company.”
About Rodedawg International Industries, Inc.
Rodedawg International Industries, Inc. (OTC: RWGI) is focused on providing management services, acquisitions and restructuring assets throughout the regulated California cannabis market. We are a trusted partner and resource to licensed cultivation, distributors, manufacturers, and retail dispensaries. The Transfer Agent has verified the share structure has remained unchanged with 181,273,769 outstanding common shares and 8,597,306 common shares in the Float. Also note the company Twitter address is https://twitter.com/RWGImerger.
About Budding Horizon, LLC
Budding Horizon, LLC is 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 Tree Moguls™
Tree Moguls™ established in early 2020 has rapidly become a premium cannabis lifestyle brand. The company has developed its own premium packaging brands and lifestyle clothing.
The company’s website is www.treemoguls.com
Tree Moguls™ social media accounts can be found at:
Cannabis Products: https://www.instagram.com/treemogulscanna/
Lifestyle Clothing: https://www.instagram.com/treemoguls/
Contact Information:
Rodedawg International Industries, Inc.
1-800-793-0355
ir@RWGIMerger.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.
