Management Completes 2022 Milestones and Prepares for 2023 Revenue Growth
COSTA MESA, CA, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) provides 2022 calendar year-end shareholder update as the company continues to grow and expand in product and service offerings. Chris Swartz, CEO of Rodedawg Intl. Ind., states “We are pleased to announce to our shareholders the progress and expansion of the company to position Rodedawg as a market leader for creating and launching profitable cannabis brands, providing management services to licensed cannabis operators through California, and progress with our audit. We are focused to building a multi-million-dollar dispensary operation and management company in the $6 billion-dollar California cannabis market. We have started with our model of entering management contracts with licensed facilities, assessing true valuation, and ultimately acquiring the real estate and/or distribution centers they may own. We will focus only on immediate or near-term revenue producing opportunities.”
Chris Swartz, CEO, adds, “We have a completed 2022 with completion of a major milestones on our road map to achieving a minimum $5mm+ in revenues in 1st year of operation. The acquisition of our first revenue generating cannabis brand, Tree Moguls (Tree Moguls - A Higher Class). which includes Augmented Reality (AR) and Virtual Reality (VR) embedded branding for the Tree Moguls™ brand, as well as the manufacturing and distribution reach within established accounts in Los Angeles County.We are also pleased to announce, that we signed a Southern California facility in which Rodedawg will manage a licensed cannabis dispensary and distributor. We believe the facility will generate over $5 million dollars in the first year of our management and is the most likely candidate for acquisition” continued Swartz.
Additionally, Company leadership has completed started the following goals and success milestones:
- PCOAB Audit to be completed during January 2023
- Submit the request to OTC Markets to remove Shell Status with Year End Disclosure
- Create additional products and brands that can be marketed through the licensed dispensaries the Company manages.
- Negotiations to expand our management contracts to include at least 1 more licensed dispensary and 1 more distribution facility before year end.
- Cancellation of over 85 million common shares.
- Identify Funding Partner for Debt Structure to acquire licensed facility such that debt instrument can be repaid from the facilities we manage
- In the coming days, the company will file September 30th, 2022 Year End Disclosures and will request Shell Status to be removed.”
Success Milestones for 2023:
- Complete Acquisition of a real estate and/or Licensed California dispensary and/or distribution center such that Rodedawg becomes a fully licensed cannabis corporation.
- Prepare for Uplisting
- Expand Product and brand development which lead to quarter over quarter revenue growth
Mr. Swartz states, “During the next six months, we will remain focused to the accomplishment of our success milestones and developing expanded shareholder value. We expect that with our efforts for expansion of brands with immediate revenues, continued work on cancellation of over 85 million shares, and expansion of management contracts that expand our revenues which in turn lead to acquisitions, we can confidently and steadfastly have Rodedawg become a recognized profitable cannabis licensed operation. We want our shareholders to be able to see the progress and successes visibly with accurate and ongoing reporting back to the shareholders. Our plan from the beginning has been positioning the Company for significant growth leading to OTCQB uplisting. In the coming days and weeks, our shareholders will be seeing the growth.Finally, our team wants to reiterate, 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 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 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/
Tree Moguls Twitter Account: https://twitter.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.
