Pazoo Inc (OTCMKTS:PZOO) is convinced that it has a sound business strategy that only needs adequate funding to unleash the potential in the company. As such, the company is moving to create room so that it can make future capital raises as need might arise. Pazoo tried to explain that the move to hike the number of authorized shares, which essentially opens up the window for more dilution, isn’t bad at all for the shareholders. The company believes that raising its authorized shares will enable it to achieve more and quickly in terms of growth.
Pazoo Inc (OTCMKTS:PZOO) wants investors to clearly know what they are getting into when they invest in it. The company is one of the many business entities that are looking to exploit opportunities in the legal cannabis industry. It develops cannabis test technologies that it touts to be the best-in-class.
Preparing ground to tap into legal marijuana
As more states push their legal boundaries to accept cannabis for medical treatment and regular use, new opportunities are emerging for entrepreneurs. Pazoo Inc (OTCMKTS:PZOO) hopes to expand into more states in the U.S. in the near future so that it can tap opportunities in the nascent legal cannabis industry. However, to that end, the company needs to get everything straight right from the start, which is why addressing future financial need recently came up in the company.
Room to raise cash
Pazoo Inc (OTCMKTS:PZOO) made 14C Information Statement filing with the SEC and stated how it wants to restructure its authorized shares. The company is asking to raise its authorized shares to what can be termed as a whopping 3 billion from 1 billion currently. The reason Pazoo is making such a move is that it wants to avoid potential capital shortfall. In other words, hiking the number of authorized shares will allow the company to make future capital raises in the market to fund its various projects.
Meanwhile, Pazoo Inc (OTCMKTS:PZOO) disclosed that its various business subsidiaries are making impressive progress in their respective segments, and should be able to deliver their promise towards enhancing shareholder value.