Subjects: CCA, PDT, JVN, MAT
PAOG Hemp Cultivation Partnership In Texas Begins On News Of First Hemp Harvest In 80 Years
DALLAS, Nov. 9, 2020 /PRNewswire/ -- PAO Group, Inc. (USOTC: PAOG) today highlighted recent news out of Texas on the first hemp harvest in 80 years. Texas legalized the farming of hemp in Texas last year after the Federal legalization of hemp farming. Now PAOG has partnered with Puration, Inc. (USOTC: PURA) on a hemp cultivation operation in Texas expected to be featured tomorrow, November 10th, in a multimedia presentation to be released by PURA.
The PAOG and PURA partnership includes PAOG participating in PURA's new hemp lifestyle brand strategy, called Farmersville Brands to be headquartered on a 72-acre property recently acquired by PURA. PAOG plans to build a pharmaceutical grade, indoor hemp cultivation operation and lab on PURA's Farmersville property.
PAOG acquired its cannabis cultivation operation from PURA earlier this year in a transaction that includes issuing PAOG shares to PURA shareholders. The target distribution ratio calls for PURA shareholders receiving one share of PAOG for every one share of PURA owned.
For more information on PAO Group, visit www.paogroupinc.com
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
PAO Group, Inc.
Jim DiPrima
888-272-6472
[email protected]
SOURCE PAO Group, Inc.
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