After substantially retreating from previous sessions’ gains, Pazoo Inc (OTCMKTS:PZOO) is back on its feet. The stock recovered to an extent after investors took the time to settle with the new development taking place at the health and wellness company. As per the recent press note, the company reported that it has created a Marketing and Sales Division with MA and Associates, LLC (MA), in which Pazoo Inc (OTCMKTS:PZOO) holds 40% ownership stake.
Marketing and sales division
Meanwhile, Pazoo Inc (OTCMKTS:PZOO) said that it has also hired Michael A. Tulimero, who is one of the most renowned sales professional in the cannabis field. Tulimero will oversee the newly created marketing and sales division. Tulimero knows the cannabis sector inside out as he gained invaluable insights about the functioning of the sector from his earlier experience as Sales head with the Steep Hill in Southern California. By doing this, the company clearly tried to indicate that it is beefing up its sales and marketing aggressively in order to lead the market ahead of others.
Delay in marijuana testing
Amidst the positive developments, the news that disappointed the investors was the company’s decision to replace its scheduled soft opening of marijuana testing laboratory with a full opening at a later date. The decision came on account of delay in the arrival of first marijuana product for testing at the said laboratory. The company explained that the State of Nevada has not yet released the guidelines of the percentage of pesticides to be used to grow marijuana, which has delayed the company’s planned soft launch. Resultantly, Pazoo Inc (OTCMKTS:PZOO) will announce a full opening at a later date instead of the proposed soft launch.
At the same time, investors are keenly awaiting the release of annual report 2014 by the company, which is expected to come in a couple of days. The stock of Pazoo Inc (OTCMKTS:PZOO) rose by 7.26% to $0.00990, and a total of 22.30 million shares changed hands.