PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG)
Cannabis

PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) Set To Fly Higher

PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) is formally known as New Wave Holdings, Inc (OTCMKTS:NWAV). In our last review of New Wave Holdings, Inc on June 29, 2017 we reported that the Company was in the process of changing its name and ticker symbol for the purpose of re-branding the public entity. On Jul 13, 2017, the Company formally announce that FINRA has approved its name and ticker change. The Company has updated all branding on social media and otherwise to reflect the PAO Group and Alternative Medicine Centers of America Brands.

For the benefit of those that are reading about the Company for the first time, PAO Group, Inc. is a physicians practice management company actively developing alternative medicine clinics focused on the proper use of cannabis for treatment of chronic and terminal patients. The Company provides health education, lifestyle coaching, and naturopathic medicine essential to an individual’s successful achievement of personal wellness. The Company’s success comes from providing patients with safe and confidential access to quality alternative healthcare, while providing them with the most professional support systems available. Alternative Medicine Centers of America provides the community and patient with the most current, innovative and dynamic wellness information and services possible. Alternative Medicine Centers of America brings to light personal wellness potential for patients and facilitates their journey to harmonious fitness.

On the same day as the name and ticker announcement, PAO Group, Inc announced that the it finalized its previously announced Agreement with the Physicians Group to staff the Toledo, Dayton and Parma/Cleveland locations (also detailed in or last review), and is in discussions for a Letter of Intention (LOI) to contract the same group for two additional Corporate locations in Florida. CEO of PAO Group, Inc. Robert Weber commented:

“We are thrilled with our progress to date. We now have corporate locations in Ohio and Florida, and working towards building a nationwide brand, and have secured strategic partnerships that we are confident will expedite additional growth in Q3 and beyond.”

PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) Set To Fly Higher

PAO Group, Inc. stock is making a sustained upward move that began on June 13, 2017 at $.0034. The first upswing of the move hit a high of $.0139, a resistance level that goes back to March 28, 2017. The stock then dipped to $.0061 before making another strong upward move to an a new all-time closing high of $.0188 on July 21, 2017. The stock has since than retraced to $.0120, and is now trading higher at $.0165.

Also mentioned in our last review of PAO Group, Inc. was the fact that the Company was beginning to show signs of revenue generation. The latest quarterly financial reports released by the Company for the period ending June 30, 2017, reported $165,000 in revenue; this is up from $5000 in the prior quarter, and no revenue in the quarters prior to that. Net income also fell in to the black for the first time as indicated by available financial reports since fiscal year 2013. Although the scale is still on the smaller end of the financial spectrum, the direction is definitely favorable. Current market capitalization stands at $9.99 million, on 605.18 million shares outstanding as of July 28, 2017.

As PAO Group, Inc continues to effectively execute its expansion plan, the trend of increasing revenues that is exhibited in the current financial reports is now beginning to reflect in the Company’s stock price as it breaks new highs. If PAO Group continues to apply its business model to the expanding cannabis industry, growth in the Company should follow commensurately. The savvy investor may consider taking a position in PAOG stock before the stock makes new highs. We will be updating our subscribers as soon as we know more. For the latest updates on PAOG, sign up below!

For the full story, check out our complete coverage.

Image courtesy of j.Irvin1 via Flickr

Disclosure: We have no position in PAOG and have not been compensated for this article.

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PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) Set To Fly Higher
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