PAO Group Inc (PAOG)

[xZx]

as exec vp at vmr, karl riedel had a ringside seat for their purchase by juul labs. then, soon after, he's at the helm of his own public company.

Incoming PAOG CEO Karl Riedel was employed most recently as Executive Vice President of Marketing for VMR Products LLC, the largest online vendor of electronic cigarettes and vapor devices. He was with the company for 8+ years and helped carry VMR through a recent acquisition by JUUL Labs, Inc. for $75M (https://vaping360.com/vape-news/72683/why-did-juul-buy-v2-and-vmr-products/). As Executive VP, he was responsible for overseeing online marketing initiatives, E-Commerce sales & promotions, Merchandising both domestically and internationally, Press and Media relations, Search Engine Optimization (SEO), Social Media influencers and engagement, and Affiliate Marketing initiatives. He built the largest affiliate program in the vapor industry – the V2 Profit Affiliate Network – with 9000+ affiliates worldwide generating traffic and sales to VMR’s e-commerce websites.

https://globenewswire.com/news-release/2019/01/10/1689855/0/en/PAO-Group-Proudly-Announces-New-MJ-Entity-Acquisition.html

i'd think at the very least we could see juul take an equity stake here. with a current OS of 815M, a $75M market cap puts PAOG at .092 per share.

https://backend.otcmarkets.com/otcapi/company/financial-report/210127/content

Incoming PAOG CEO Karl Riedel enthusiastically commented: “After my experience with VMR, I decided that I wanted to do something bigger. I am passionate about the cannabis industry and am confident that we can build a powerhouse brand in the Michigan market through a coordinated effort of delivering high quality products, combined with effective branding and targeted marketing. We have assembled a team of dedicated, hard-working, and skilled professionals with a unique array of talents to drive these initiatives. With the recent legalization of recreational marijuana, and transition to licensed-only grow operations and processing facilities within the state, the market is prime for entry. We already have the infrastructure and relationships in place to be strategically positioned in the Michigan cannabis market. My goal for PAOG is to be the dominant player in Michigan regarding the cultivation, processing, and transportation of medical and recreational marijuana. We are hitting the ground running in 2019. I’m very excited to begin telling investors about our plans to achieve these objectives. My long term vision for PAOG is to continue to drive this business growth, as well as focus on expansion to other markets.”

it's hard to tell from the language here, but is he hinting at a national operation? we shall see.