PAO Group (OTCMKTS:PAOG) is in the news this week and it can be gauged from the price action in its stock as well. The company’s stock was in focus among investors yesterday and managed to clock gains of as much as 8%.
The stock is likely to stay on the radars of investors today as well. In this context, it might be a good move for investors to look into an announcement from the company earlier on this week on Tuesday. The company announced that it was actively looking into opportunities for acquisitions and mergers so as to further boost its products line and generate growth in revenues.
In this regard, it should be noted that not too long ago PAO Group had also announced that it was in the process of starting production on its line of CBD nutraceuticals.
More importantly, after entering the CBD space, PAO Group expects to generate revenues for the first time in 2021. At this point in time, the company is involved in the development of both CBD based nutraceuticals and pharmaceuticals through the deployment of its intellectual property that consists of a patent method of extraction. Investors could keep an eye on the stock today.
