PAO Group, Inc. (USOTC: PAOG) today announced the company’s senior management team has acquired majority control of the company. The current Chief Executive Officer (CEO), James, C. DiPrima, leading a strategic team of managers, has purchased from a third party, preferred stock holding majority voting rights. Mr. DiPrima plans to remain as CEO. The management team has designed a revitalized medical cannabis strategy involving two planned acquisitions anticipated to be finalized in the coming weeks. “I am enthusiastic about PAOG’s revitalization initiative to move forward again on its original mission to provide patient care alternatives to traditional patient care solutions,” said CEO James C. DiPrima. “As part of our overall medical cannabis strategy, we are committed to mitigating the opioid epidemic by providing appropriate medical cannabis alternatives.”
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Source: https://www.prnewswire.com/news-releases/paog-announces-management-takeover-and-medical-cannabis-strategy-revitalization-301092844.html