Budding Horizon, LLC acquires Rodedawg International Industries, Inc. (OTC: RWGI)
COSTA MESA, CA, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Budding Horizon, a California LLC, proudly announces the acquisition of Rodedawg International Industries, Inc. (OTC: RWGI). Budding Horizon, LLC is a management company for licensed cannabis dispensaries and distributors and intends to grow through acquisition of real estate and/or dispensaries or distribution centers. Christopher Swartz, CEO, states, “I am genuinely excited about this crucial step as we will add new management entirely focused to growing Rodedawg Intl. Ind. (RWGI) to achieving our goals of a multi-million-dollar corporation in year one. We will focus only on immediate or near-term revenue producing opportunities that allows Rodedawg to enter into the 6 billion-dollar California cannabis market.”
In this acquisition, Budding Horizon, LLC has acquired the Special 2020 Series A Preferred share (control block) in exchange for 10% of Budding Horizon, LLC and will issue 10 million common shares of Rodedawg common shares to Critical Solutions, Inc. (OTC: CSLI).
Mr. Swartz adds, “With this transition we are poised for expanding Rodedawg and we believe that having a company focused solely on one mission will enable the team to bring Rodedawg to immediate revenues and achieving our goal of $5 million plus revenues in Year One. This move will allow a team of cannabis industry experts to help navigate Rodedawg to success. We believe that we can go well beyond the $5 Million Year One target as we refine an acquisition strategy and expansion of management services.”
Mr. Swartz states, “During the next six months, we will complete our launch of the Tree Moguls brand for immediate revenues, continue to work on cancellation of over 85 million shares to improve our capital structure, provide regular shareholder updates on our progress with revenues and to create awareness of updated Rodedawg company initiatives. Finally, given our excellent capital structure, we also want our shareholders to know that no reverse split is planned.”
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