January 27, 2021 -- via pennymillions
 

PAO Group, Inc. (PAOG) started the day under $0.004 and has reached over $0.007 for a high today. PAOG looks ready to reach over $0.01.

The stock was rated as a BUY today by AmericanBulls.com (Amerricanbulls.com/ALYI).

The trading momentum comes after the company has announced substantial progress developing its newly acquired cannabis pharmaceutical asset.

PAOG today announced next steps toward introducing a cannabis nutraceutical to be distributed through North American Cannabis Holdings, Inc. (USMJ) in addition to other distribution channels.

Here is some background from a recent corporate update:

January 14, 2021

SANDUSKY, OH, Jan. 14, 2021 /PRNewswire/ -- PAO Group, Inc. (USOTC: PAOG) today published a management outlook for 2021 on the company's strategy to develop and monetize the cannabis assets acquired last year. The strategic outlook is included in its entirety below:

PAOG 2021 Cannabis Biopharmaceutical Strategic Outlook

PAOG is a longtime participant in the cannabis sector working on initiatives to introduce cannabis treatments as alternatives to traditional pharmaceuticals, particularly where existing pharmaceutical treatments have potentially severe secondary ramifications as is the case with opioid based treatments.

Last year, the company shifted its primary focus to the development biopharmaceutical treatments derived from cannabis.

On July 30, 2020, PAOG acquired RespRx from Kali-Extracts, Inc. (OTC Pink: KALY) RespRx is a cannabis treatment under development for Chronic Obstructive Pulmonary Disorder (COPD) derived from a patented cannabis extraction method - U.S. Patent No. 9,199,960 entitled "METHOD AND APPARATUS FOR PROCESSING HERBACEOUS PLANT MATERIALS INCLUDING THE CANNABIS PLANT."

PAOG also acquired a of hemp cultivation business from Puration, Inc. (USOTC: PURA). This operation comes with existing sales activity and PAOG expects to report its first revenue from the acquisition in conjunction with the inclusion of Q4 2020 results into the overall 2020 financial report.

Since the two acquisitions, PAOG has been working diligently to develop and execute upon a strategy to monetize the assets in a manner that acheives self-sustainable operations at the same time delivering optimal shareholder value.

Toward that end, PAOG has entered into three strategic partnerships.

PAOG recently announced an engagement with Veristat, Inc., a contract research organization headquartered in Southborough Massachusetts. PAOG has engaged Veristat to assist in advancing PAOG with its proprietary Cannabidiol (CBD) extract for the treatment of Chronic Obstructive Pulmonary Disorder (COPD) toward initiating an Investigational New Drug application (IND) with the Food and Drug Administration (FDA).

Veristat, a scientific-minded global clinical research organization (CRO), enables sponsors to solve the unique and complex challenges associated with accelerating therapies through clinical development to regulatory approval. With more than 26 years' experience in clinical trial planning and execution, Veristat is equipped to support any development program.

Learn more about Veristat at www.veristat.com.

PAOG management anticipates a pharmaceutical development process to be a long-term endeavor. Management is committed to pursuing complimentary initiatives that have the potential to deliver revenue and profit in a shorter time frame.

PAOG has also recently engaged with the Puerto Rico Consortium for Clinical Investigation to assist PAOG with developing its proprietary Cannabidiol (CBD) extract into a nutraceutical product to provide care for those experiencing issues associated with Chronic Obstructive Pulmonary Disorder (COPD).

The Puerto Rico Consortium for Clinical Investigation (PRCCI) is a not-for-profit network of top performing, high-quality research sites invested in increasing the speed and quality of clinical trials. PRCCI enhances clinical research speed and quality by driving performance and efficiencies in research sites, leveraging strategic partnerships and by establishing world-class capabilities.

PAOG is targeting revenue in 2021 resulting from its nutraceutical developments.

Learn more about PRCCI at www.prcci.org.

Source - https://www.pennymillions.com/blog/m4hmv79kr9y62k2v2ubrrtf5nt704u

Other stocks on the move included HCMC and MMEX.