One of the companies which could well come into focus among investors this morning in light of a key announcement yesterday is Rodedawg International Industries Inc (OTCMKTS:RWGI). The company, which is continuing to work on the expansion of its products and services on offer, provided an update for the year end to its shareholders.
Market Action
On Tuesday, RWGI stock ended flat at $0.0253 with more than 26.49K shares, compared to volume of 39.15K shares. The stock moved within a range of $0.0253 – 0.0253 after opening trade at $0.0258.
Rodedawg International Industries, Inc. (OTC: RWGI) Provides Shareholder Updates
The Chief Executive Officer of the company Chris Schwartz spoke about the matter. He stated that the management of the company was pleased to note that considerable progress had been made that was going to position Rodedawg as a leader in the market related to the launching and creation of cannabis brands which could be profitable.
The company continued to provide management related services to the licensed cannabis companies in California as well and there had been significant progress in the audit into Rodedawg’s books as well.
Schwartz went on to note that the company was now focussed on the development of a highly valued dispensary operation and a management company rolled into one. That would give Rodedawg International the necessary heft to become one of the major player in the California cannabis industry, which is currently worth as much as $6 billion.
Key Quote
Chris Swartz, CEO of Rodedawg Intl. Ind., states “We are pleased to announce to our shareholders the progress and expansion of the company to position Rodedawg as a market leader for creating and launching profitable cannabis brands, providing management services to licensed cannabis operators through California, and progress with our audit. We are focused to building a multi-million-dollar dispensary operation and management company in the $6 billion-dollar California cannabis market. We have started with our model of entering management contracts with licensed facilities, assessing true valuation, and ultimately acquiring the real estate and/or distribution centers they may own. We will focus only on immediate or near-term revenue producing opportunities.”
 Stock On Radar After Shareholder Updates){kind=link}