Rodedawg International has acquired Tree Moguls, a cannabis lifestyle brand based in Southern California.
Christopher Swartz, CEO, states, “This acquisition is an immediate revenue producing opportunity and allows Rodedawg to enter into the 6 Billion dollar California cannabis market through licensing and distribution opportunities," said CEO Christopher Swartz. "As part of the acquisition, Rodedawg also acquires a deep technology stack which includes Augmented Reality (AR) and Virtual Reality (VR) embedded branding for the Tree Moguls brand. Our shareholders can expect future announcements on the AR and VR implementation which will further establish Tree Moguls as a super-premium cannabis lifestyle brand with immediate expansion into Web3 and Metaverse.”
Rodedawg said it specifically targeted Tree Moguls for the manufacturing and distribution reach within established accounts in Los Angeles County. The company said the acquisition helps position it for immediate revenues and achieving the $5 million plus in year one.
"This also accelerates the pathway for the future acquisitions already slated. We actually believe that we can go well beyond the $5 Million Year One target as we continue our acquisition strategy and expansion of management services," said Swartz.
In the next six months, Rodedawg to generate profitable revenue streams from its acquisitions and management services; launch Rodedawg branded and licensed cannabis and CBD products nationally using brands including Tree Moguls; cancel more than 85 million common shares; and launch a corporate website to enhance shareholder communication with frequent updates.
Swartz added that his company currently has no reverse split planned.