PAO Group Stock More Than Doubled: Expansion in Medical Cannabis Market

The cannabis industry might not have had the best of times over the course of the past year or so but PAO Group (OTCMKTS:PAOG) is one company that seems quite bullish with regards to its cannabis business. After the completion of the management takeover and announcement about the cannabis revitalization strategy, the company provided additional information on Tuesday.

Expands Reach Into Medical Cannabis Market

The latest information provided by the company seems to have had a galvanizing effect on its stock and on Thursday, it soared by as much as 116%. Considering the gains made by the PAO Group stock, it could be worthwhile for investors to take a closer look at the company and its business. 

On Tuesday, the company provided an outline with regards to its next steps in its cannabis strategy. PAO is aiming to acquire the cannabis cultivation operation owned by Puration Inc and in addition to that, it is also looking to take over a patented cannabis extraction operation owned by Kali-Extracts Inc. PAO believes that it can complete both these acquisitions by the end of this month. 

However, that is not all. Following the management buyout, the company is also updating its disclosures and all those are going to be filed with the OTC Markets as well. It should be noted that the company is also aiming to launch a new website that will reflect its cannabis revitalization plans and further information on the acquisitions. 

PAO Group is trying to make an entry into the potentially lucrative medical cannabis market and if research from Fortune Business Insights is to be believed then it could prove to be a long term winner. The research suggests that the size of the medical cannabis market could be worth as much as $100 billion by 2027. The company is making strategic acquisitions with a view to ensuring that it can be at the forefront of the growth in the medical cannabis sector. 

The recent rally in the stock is a testament to the sentiment in the market about PAO Group and it will be interesting to see if the stock can add to its gains today. Investors could do well to keep an eye on the PAO stock today. 

The management of the company decided to takeover PAO Group with a view to completely revitalizing its medical cannabis strategy. Considering the potential growth in this sector, the management decided to take control of the company and that has opened a lot of possibilities. 

The pathways for the two acquisitions have also been accelerated significantly since the management buyout was completed. While the acquisitions are good news, investors need to keep an eye on how PAO goes about executing its plans in the coming months.

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