PAO Group Inc (PAOG)

[porkypigg]

CEO Karl Riedel concluded: "I want to reiterate that we have our sights set on a long term goal of expansion into other markets in the cannabis industry, and our aim is become a major player and potential acquisition target, or begin acquisitions of our own. The cannabis industry is growing at a rapid rate, and the political climate in the United State is ripe for the current 'green rush.' According to the CEO of Altria Group Inc. (MO)*, Howard Willard recently stated that he anticipates the global cannabis market could reach $40 billion within 10 years with no new legalization laws, but up to $250 billion if marijuana becomes legal worldwide. Altria has been investing in many different companies in and around the sector, including a $1.8 billion investment for 45% stake in Cronos Group Inc., a Canadian marijuana company, as well as a $12.8 billion investment for 35% stake in Juul Labs Inc., the world's leading e-cigarette and vape manufacturer. Altria's CEO has made it very clear that they are not planning to stop at these recent investments. When I see statements like this from the industry's biggest players, I know that PAOG is in the right sector at the right time."