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Monday, February 11, 2019 9:54:54 AM
PAO Group, Inc. (OTC: PAOG), a holdings company dedicated to alternative patient care treatments including the proper use of medical cannabis, and through its subsidiaries who are currently growing medical cannabis in the state of Michigan and pursuing additional MMFLA licensing through LARA for the cultivation, processing, and transportation of medical and recreational cannabis,
and.... assets acquired.. and DEBTS reduced even more...
Mr. Hall's last corporate action before resigning was to reduce PAOG's debt by another $86,243.00 through the asset purchase of PAOG's clinics. Furthermore, Mr. Hall ensured that PAOG received 417,852 Preferred Class A stock of RBII, along with the exclusive licensing rights to manufacture RBII's complete line of cannabis products (including Cannophen) in the state of Michigan.
PAOG CEO Karl Riedel commented:
"Over the past 45 days through working with Art we've been able to eliminate almost $1.3M worth of debt including the recent $86K reduction, as well as gain a significant piece of ownership in RBII. I truly hope that investors are getting the big picture that I am building something of real value for PAOG that will stand the test of time."
"our aim is become a major player and potential acquisition target, or begin acquisitions of our own."
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