Cannabis Cultivation
PAOG now owns an emerging cannabis cultivator concentrating at this time on hemp cultivation within the United States and marijuana cultivation in Canada. Revenue is generated in the United States at this time through wholesale sales of general nursery products to retail nurseries. The Company’s strategy in the United States is to sustain and grow greenhouse infrastructure with general nursery operations and transition to hemp and marijuana cultivation as laws evolve and permit.
The cannabis cultivation operation headquartered in Texas has an estimated $300,000 in annual revenue. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. The cannabis cultivation operations has initiated a number of joint research applications with Texas universities.