On Tuesday, Rodedawg International Industries Inc. (OTC:RWGI) emerged as one of the companies to have hit the news cycle following a key announcement. The company announced yesterday that through Parabola Mgmt LLC, its fully owned subsidiary unit, it had managed to complete and submit the application as a licensed California cannabis distributor out of Coachella, California.
It was a significant new announcement from Rodedawg International Industries, and it may be a good idea to take a closer look. The Chief Executive Officer of the company, Chris Schwartz, spoke about the development as well. He stated that everyone at the company was proud of the fact that the company had been making meaningful progress in making its licensed cannabis distribution business into a major revenue-generating operation.
He further noted that the company paid for insurance, bonding, the building of fencing, the installation of security cameras, and the installation of security as laid down in the terms of the agreement. The decision from Rodedawg International Industries to complete the acquisition of Parabola Mgmt had put it on course with the milestone for the first fiscal quarter of 2024 as per the roadmap that had been charted out.
Schwartz also stated that there was confidence within the company that the roadmap for expansion through mergers and acquisitions would help in the maximization of revenues for 2024 and hit its goals. The company had set its projection for revenues to be $7 million in 2024. Schwartz also noted that the company was going to continue to provide regular updates to the shareholders as and when it completed the milestones in the roadmap for the first fiscal year of 2024. He also thanked the ‘amazing’ team, which had helped the company make considerable progress in recent times. It may well be a good time to add the stock to your watch lists.