RedSox04
4 days ago
News acquiring a $5-$7mil dispensary โCOSTA MESA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) is proud to announce a significant strategic move including signing a Letter of Intent (LOI) for the dispensary's license acquisition, further solidifying RWGI's presence in the burgeoning cannabis market. The Costa Mesa dispensary is licensed and registered with the state of California, ensuring compliance with all state regulations and standards. This acquisition aligns with RWGI's strategic goals of expanding its footprint and enhancing its brand presence in the competitive cannabis industry.
Located in the heart of Orange County, the Costa Mesa dispensary is situated in a high-density area, ensuring maximum visibility and accessibility. The strategic location in west side Costa Mesa serves the affluent communities of Newport Beach and Huntington Beach - both cities where cannabis licenses are still not allowed. This prime location is expected to generate annual revenues between $5 million and $7 million, marking a substantial financial milestone for RWGI.
"This acquisition represents a major step forward for Rodedawg International Industries," said Chris Swartz, CEO, of RWGI. "The terms of the LOI include seller financing for the remaining Tenant Improvements (TIโs) so this acquisition has low capital needs for entry. Not only does it provide a proprietary location for our Rodedawg brands, but it also allows us to serve a large and growing customer base in a key market while proving our business model to grow through low cost acquisitions as per our Corporate Roadmap."
Louied91
6 days ago
$RWGI Rodedawg (OTC: RWGI) Announces Successful Launch of Nutrient CBD Product Line
https://www.globenewswire.com/news-release/2024/06/04/2892967/0/en/Rodedawg-OTC-RWGI-Announces-Successful-Launch-of-Nutrient-CBD-Product-Line.html
COSTA MESA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI), a leading cannabis manufacturer and distributor, is thrilled to announce the successful launch of its new product line, Nutrient CBD. The line includes five innovative SKUs: 2 CBD Oil Tinctures, 1 CBD Roll-On, and 2 CBD Creams designed to meet the diverse needs of consumers seeking natural and effective wellness solutions.
Chris Swartz, CEO of Rodedawg, commented: "In the United States, cannabidiol products generated sales of roughly 5.3 billion U.S. dollars in 2021. By 2026, CBD product sales are predicted to reach nearly 16 billion U.S. dollars in the United States. Nutrient CBD is an entirely new product line that further expands our Wellness Division growth and complements our Elixicure Topical Pain Relief products toward driving revenue and increasing shareholder value. Our commitment to quality and innovation is reflected in these products, and we are confident they will resonate well with our customers."
The company utilizes proprietary formulas and manufactures these products in its own production facilities, ensuring the highest quality and consistency.
Nutrient CBD Product Line Overview:
CBD Oil Tincture:
Our CBD Oil Tincture captures the essence of natureโs perfection in a bottle. This 100% American-sourced, USP grade CBD oil is combined with Cold-Pressed Organic Extra Virgin Flax Seed Oil, providing essential omega-3s along with vital CBD cannabinoids. The tincture offers numerous benefits:
100% Plant-based
Organic Ingredients
THC Free
Vegan
Non-GMO
Paraben Free
100% Satisfaction Guarantee
CBD Roll-On:
The Nutrient CBD Roll-On applicator delivers our specially formulated pain relief cream, which combines organic healing ingredients such as Willow Bark, Camphor, Shea Butter, Aloe, Menthol, and CBD. This product is perfect for relieving:
Aches, pains, stiffness, and soreness
Bumps and bruises
Cramps, sore backs, and stiff necks
Joint pain and arthritis pain
CBD Pain Cream:
The CBD Pain Relief Pump XL with 8000mg of CBD provides potent pain relief for a variety of conditions. This product is ideal for those seeking a powerful and natural alternative to traditional pain relief methods.
reader3
2 weeks ago
They posted their roadmap in an April tweet: https://x.com/RWGImerger/status/1778777593250214131/photo/1
(Also in one of their PRs, but the tweet is easier for me to find.)
Earnings call also talked about some other things, including share cancellation and some potential acquisitions.
$RWGI Shareholders๐ Join us today @ 4:30 PM EST for our Earnings Call. Phenomenal 204% Earnings Gains, Acquisitions, New Leadership, and Share Cancellation Strategy. Don't miss out on this opportunity. #RWGI #EarningsCall #GrowthOpportunities #cannabis https://t.co/Rhux3g2iSx— Rodedawg International Industries Inc (@RWGImerger) April 30, 2024