Sandusky, OH, Nov. 19, 2021 — McapMediaWire — PAO Group, Inc. (OTC Pink: PAOG) today announced the company has finalized terms for the acquisition of a license to a patented cannabis extraction process that will expand the company’s existing CBD intellectual property.
Last year, the company acquired intellectual property derived through research into CBD extracted in association with a patented extraction method (U.S. Patent No. 9,199,960). Now, the company will acquire a license to the patent itself from Puration, Inc. (OTC Pink: PURA).
PAOG is developing both pharmaceutical and nutraceutical treatments for humans based on this intellectual property.
The acquisition is expected to close in early December.
Learn more about PAOG at www.paogroupinc.com.
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