Rodedawg International Industries Inc. (OTC:RWGI) Stock Gains Momentum: What’s the Buzz?

The company was one of the many that had come into the news cycle on Tuesday, and it could be a good move for investors to consider taking a closer look into Rodedawg International Industries Inc. (OTC:RWGI) this morning. The company announced yesterday that through Parabola Mgmt LLC, its fully owned subsidiary unit, Rodedawg International, had inked an exclusive sales and distribution agreement with D9 LLC.

The Chief Executive Officer of the company, Chris Schwartz, spoke about the deal with D9 yesterday. He noted that D9 was one of the biggest cannabis distillation providers in the state of California. Following long, drawn-out negotiations going back several months, Parabola Mgmt finally signed the agreement to be the exclusive distributor. Schwartz went on to add that everyone at the company believed that the cannabis distribution license for Coachella, California, would be one of the biggest generators of revenues for Rodedawg International Industries.

The CEO also noted that the completion of the distribution license application not too long ago and the agreement with D9 would help Rodedawg International Industries stay on track with its goals in the first fiscal quarter of 2024. He went on to state that the company would keep the shareholders informed about the licensing process since the facility would start generating revenues immediately after the license was deemed ‘active’ as per the state guidelines in California. Additionally, it was further informed that Rodedawg International Industries had launched a new video section on its corporate website and had provided a video walk-through of the D9 facility.

He stated that the company wanted to provide its shareholders with the opportunity to get a better view of the scale of the operation for which Rodedawg International Industries would have exclusive sales and distribution rights. It may be a good time to keep an eye on the stock.