COSTA MESA, CA, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) proudly announces shareholder updates as the company continues to grow and expand in revenue, products, and distribution. Chris Swartz, CEO of Rodedawg Intl. Ind., states “We are proud to announce to our shareholders that Rodedawg’s continued growth in revenue streams with new products and distribution outlets. We believe that we are on track for a great Year 1 given the forward momentum of accomplishing the 2022 milestones on our road map. Our revenue targets are set to lead us to achieving a minimum $7 million plus in revenues in 2023. We believe that the revenue figure could be much higher but we want to stay with conservative Year 1 revenue targets.
Chris Swartz, CEO, adds, “We are also proud to announce our newest product for our cannabis brand, Tree Moguls (Tree Moguls - A Higher Class). With our partners, Tree Moguls has launched a new ultra high-quality Tree Moguls Wax. The cannabis wax expands the product offering from traditional flower and pre-rolls to a more potent and concentrated product offering. We will showcase the new product on our websites, social channels, and partner channels. Once again, these efforts to grow revenues are focused only on immediate or near-term revenue producing opportunities.”
Tree Moguls Wax (Video)
The company is also proud to announce our newest dispensary outlet - Tree Moguls branded cannabis products can now be found in Illa Canna cannabis dispensary in Los Angeles, California.
Success Milestones for 2023:
- Follow up on submitted request to OTC Markets to remove Shell Status with Year End Disclosure
- PCOAB Audit to be completed during January 2023
- Prepare for Uplisting
- Cancellation of over 85 million common shares.
- Create additional products and brands that can be marketed through the licensed dispensaries the Company manages.
- Identify Funding Partner for Debt Structure to acquire licensed facility such that debt instrument can be repaid from the facilities we manage.
- Identify, manage, and acquire additional licensed dispensaries.
- Complete Acquisition of a real estate and/or Licensed California dispensary and/or distribution center such that Rodedawg becomes a fully licensed cannabis corporation.
- Expand Product and brand development which lead to quarter over quarter revenue growth.
- Negotiations to expand our management contracts to include at least 1 more licensed dispensary and 1 more distribution facility before year end.
Mr. Swartz states, “In the next few weeks, management will provide additional updates on the timeframe and progress of accomplished success milestones to further expand shareholder value. Our plan from the beginning has been positioning the Company for significant growth leading to OTCQB uplisting.”
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 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.
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