Rodedawg International Industries, Inc. (OTC: RWGI) Provides Shareholder Year End Update - GlobeNewswire

COSTA MESA, CA, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI) proudly announces twelvemonth extremity updates with important advancement connected our way to gathering a multi-million-dollar dispensary cognition and absorption institution successful the $6 billion-dollar California cannabis market. Under the caller enactment of Chief Executive Officer Chris Swartz, we volition execute our exemplary of entering absorption contracts with licensed facilities, assessing existent valuation, and yet acquiring them, the existent property and/or organisation centers they whitethorn own. The cannabis manufacture is flooded with undercapitalized, poorly connected operations successful request of direction, management, and economies of scale. Rodedawg has positioned itself to capitalize connected a “roll-up” styled strategy to capitalize connected management’s experience, relationships and resources successful the cannabis industry. We volition absorption lone connected contiguous oregon near-term gross producing opportunities.

Chris Swartz, CEO, states, “We person a completed our year-end with tremendous strides connected our roadworthy representation to achieving a minimum $5mm+ successful revenues successful 1^st twelvemonth of operation. Our archetypal measurement was the acquisition of our archetypal gross generating cannabis operation, Tree Moguls (Tree Moguls - A Higher Class). Through this acquisition we acquired a heavy exertion stack which includes Augmented Reality (AR) and Virtual Reality (VR) embedded branding for the Tree Moguls™ brand, arsenic good arsenic the manufacturing and organisation scope wrong established accounts successful Los Angeles County.

“We are besides pleased to announce, that we signed a Binding Letter of Intent with a Southern California installation to negociate a licensed cannabis dispensary and distributor. We expect to finalize the statement earlier the extremity of the week that volition make implicit $5 cardinal dollars successful the archetypal twelvemonth of our management.” continued Swartz. 
Additionally, Company enactment has agreed to the pursuing goals and occurrence milestones for 4^th Quarter 2022. 

• Finalize the Letter of Intent by November 11^th, 2022 with ceremonial announcement
• Begin PCOAB Audit with completion connected oregon earlier January 2023
• With 2022 Year End Financials, the Company volition taxable the petition to OTC Markets to region Shell Status.
• Expand our absorption contracts to see astatine slightest 1 much licensed dispensary and 1 much organisation installation earlier twelvemonth end.
• Create further products and brands that tin beryllium marketed done the licensed dispensaries the Company manages.
• Completion of the cancellation of implicit 85 cardinal communal shares.
• Identify Funding Partner for Debt Structure to get licensed installation specified that indebtedness instrumentality tin beryllium repaid from the facilities we manage

Success Milestones for 1^st Quarter 2023 

• Complete Acquisition of a existent property and/or Licensed California dispensary and/or organisation halfway specified that Rodedawg becomes a afloat licensed cannabis corporation.
• Prepare for Uplisting
• Expand Product and marque improvement which pb to 4th implicit 4th gross growth

The Company would besides similar to notify shareholders that our superior operation has not changed since the acquisition by Budding Horizon, LLC. As of past reporting from our transportation agent, Securities Transfer Corporation connected 10/28/22, the outstanding communal shares stay astatine 181,273,769 communal shares and 8,597,306 communal shares successful the float.

Mr. Swartz states, “During the adjacent six months, we volition stay focused to the accomplishment of our occurrence milestones and processing expanded shareholder value. We expect that with our efforts for enlargement of brands with contiguous revenues, continued enactment connected cancellation of implicit 85 cardinal shares, and enlargement of absorption contracts that grow our revenues which successful crook pb to acquisitions, we tin confidently and steadfastly person Rodedawg go a recognized profitable cannabis licensed operation. We person already started the institution connected a steadfast way with nary dilution and we judge that with our indebtedness backing strategy we tin debar dilutive financing. Finally, our squad wants to reiterate, that nary reverse divided is planned arsenic we turn the Company.”

About Rodedawg International Industries, Inc.

Rodedawg International Industries, Inc. (OTC: RWGI) is focused connected providing absorption services, acquisitions and restructuring assets passim the regulated California cannabis market. We are a trusted spouse and assets to licensed cultivation, distributors, manufacturers, and retail dispensaries. The Transfer Agent has verified the stock operation has remained unchanged with 181,273,769 outstanding communal shares and 8,597,306 communal shares successful the Float. Also enactment the institution Twitter code is https://twitter.com/RWGImerger.

About Budding Horizon, LLC

Budding Horizon, LLC is California Limited Liability Company with offices successful Orange County, California. The institution is focused to providing absorption services for the licensed cannabis manufacture and seeks to leverage its expertise successful the existent property acquisitions to get and make a portfolio of assets.

The institution website is https://buddinghorizon.com/

About Tree Moguls™

Tree Moguls™ established successful aboriginal 2020 has rapidly go a premium cannabis manner brand. The institution has developed its ain premium packaging brands and manner clothing.

The company’s website is www.treemoguls.com

Tree Moguls™ societal media accounts tin beryllium recovered at:

Cannabis Products: https://www.instagram.com/treemogulscanna/

Lifestyle Clothing: https://www.instagram.com/treemoguls/

Contact Information:

Rodedawg International Industries, Inc.
1-800-793-0355
ir@RWGIMerger.com

Safe Harbor Statement: In summation to humanities information, this property merchandise whitethorn incorporate statements that represent forward-looking statements wrong the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, arsenic amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained successful this property merchandise see the intent, belief, oregon expectations of the Company and members of its absorption squad with respect to the Company's aboriginal concern operations and the assumptions upon which specified statements are based. Prospective investors are cautioned that immoderate specified forward-looking statements are not guarantees of aboriginal performance, and impact risks and uncertainties, and that existent results whitethorn disagree materially from those contemplated by specified forward-looking statements. Factors that could origin these differences include, but are not constricted to, nonaccomplishment to implicit anticipated income nether negotiations, deficiency of gross growth, lawsuit discontinuances, nonaccomplishment to recognize improvements successful performance, ratio and profitability, and adverse developments with respect to litigation oregon accrued litigation costs, the cognition oregon show of the Company's concern units oregon the marketplace terms of its communal stock. Additional factors that would origin existent results to disagree materially from those contemplated wrong this property merchandise tin besides beryllium recovered connected the Company's website. The Company disclaims immoderate work to update immoderate forward-looking statements.

SOURCE: Rodedawg International Industries, Inc.