Pazoo Inc (OTCMKTS:PZOO) disclosed that it formed a new wholly owned subsidiary unit titled as ‘CannabisKing Distribution LLC.’ The new subsidiary has been created to serve as the sales and marketing unit for the distribution of company’s ‘non-controlled’ hemp items in the U.S. The products are demanded by the various sectors including cultivation facilities, legalized dispensaries and infusion companies.
The need of hour
Pazoo have several other subsidiary firms through which it had established strong associations with large number of growers as well as enterprises in the industry. There are many product supported related entities that acknowledge the fact and therefore have requested Pazoo to transform into a sales and distribution unit for them. These companies intend to benefit from the strong association of the company within the respective industry. Considering the demand, Pazoo decided to create CannabisKing in order to support distribution activities.
The management comments
David Cunic, the Chief Executive of Pazoo stated that they are extremely delighted with establishment of another subsidiary unit. CannabisKing is created due to increasing demand to extend distribution services by existing industry suppliers. The demand was seen coming through all platforms including social media platforms and the several other events and expositions.
Opening of lab
In unrelated news, company’s another subsidiary unit, ‘M & A Associates, LLC’ in Nevada reported that it hosted a mega inauguration of its Las Vegas Testing Lab on June 3, 2015. Pazoo said that the first part of fest was conducted from 3:30 pm to 7:00PM at the laboratory in Las Vegas. It was an open house fest for all the members. The second half of fest was planned from 6:00PM to 10:00PM.
In last trading session, the stock price of Pazoo Inc (OTCMKTS:PZOO) gained more than 3% to close the trading session at $0.0110. The gains came at a share volume of 6.68 million compared to monthly average share volume of 21.59 million.