SANDUSKY, Ohio and DETROIT, Jan. 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- PAO Group, Inc. (PAOG) (PAOG) recently announced that the company is currently in the process of applying for medical marihuana facility licensing in the state of Michigan. The Company anticipates that the preliminary applications will be submitted before the end of the month with the MI Department of Licensing and Regulatory Affairs (LARA). The Company has indicated that it is pursuing a 1,500 plant Grower Class C License, which is the maximum tier license that is available in Michigan. The Company is also pursuing a Processor License, which authorizes the purchase of marihuana from other growers and the sale of infused-products or marihuana to provisioning centers (dispensaries).
CEO Karl Riedel stated, “In addition to the current grow operation, the Company is pursuing the max tier Grower License which allows for 1,500 plants. Licenses can be stacked at single locations, meaning additional licenses can be applied for and acquired to expand beyond 1,500 plants at a single location. With the addition of a Processor license, we are not limited by our own growing capacity, and can process plants from other growers into concentrates, edibles, and more.”
Riedel further stated, “We are gearing up to maximize revenues and Company growth through the use of the most modern technology and coupling the technology with the growing knowledge that our master grower has obtained after years of grow experience. We are marrying true business knowledge and talent with that of legacy grow knowledge. We’re bringing the boardroom into the grow room.”
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Forward-Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.