Rodedawg Intl Industries Stock (OTC: RWGI)

Latest news for Rodedawg Intl Industries (OTC:RWGI) Stock

Rodedawg International Industries Inc provides services for the licensed cannabis market. It is in the business of Management as a Service of Licensed Cannabis Operations in California, providing services like manufacturing, cultivation, and distribution of the cannabis and related products to the market.

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California-based cannabis producer and distributor Rodedawg International Industries, Inc. (OTC: RWGI), announced on Wednesday the launch of its own TikTok Shop. The move came nearly two years after the company acquired Tree Moguls, a premium cannabis lifestyle brand based in Southern California.The company said the move is aimed at leveraging the e-commerce potential of TikTok, considering that it has over 1 billion active users worldwide. Moreover, an analyst from Statista now predicts that e-commerce sales on TikTok Shop are projected to reach $11 billion by the end of 2024, the company said in a press release.

California Cannabis Co. Launches TikTok Shop, Wants A Share Of Billion-Dollar Marketplace

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Rodedawg International Industries, Inc. (OTCPK:RWGI) acquired Tree Moguls, a premium cannabis lifestyle brand based in Southern California.

Rodedawg Acquires Tree Moguls Cannabis And Lifestyle Brands

RODEDAWG INTL INDUS INC by Rodedawg International Industries, Inc.

Rodedawg International Industries Inc

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Rodedawg Intl. Ind, Inc. (OTC: RWGI) Provides Shareholder Update

4/20 Cannabis Stocks: Key Players in the Growing Market

Rodedawg Intl. Ind, Inc. (OTC: RWGI) Provides 2nd Quarter Company Milestone Updates for April 2024

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Rodedawg Ind. Intl., Inc. Announces New Officers Appointment for Elixicure, LLC

Rodedawg Intl. Ind, Inc. (OTC: RWGI) Announces 204% Gains in Revenues on Quarterly Disclosure ending 3/31/24

Rodedawg Ind. Intl. Inc. (OTC: RWGI) Continues Expansion in #1 Cannabis Market

Rodedawg (OTC: RWGI) Expands Tree Moguls ™ Brands into Retail Cannabis Dispensaries and Cannabis Delivery Services

Rodedawg (OTC: RWGI) Announces Successful Launch of Nutrient CBD Product Line

Rodedawg (OTC: RWGI) Expands into Dispensary Acquisitions and Signs Letter of Intent for Dispensary License

Rodedawg (OTC: RWGI) Launches TikTok Shop to Expand into Global E-Commerce Market

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Rodedawg Intl Industries

California-based cannabis producer and distributor Rodedawg International Industries, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RWGI#OTC">RWGI</a>), announced Wednesday that it has launched of its own TikTok Shop. The move came nearly two years after the company acquired Tree Moguls, a premium cannabis lifestyle <a href="https://www.benzinga.com/markets/cannabis/22/07/28052395/rodedawg-acquires-tree-moguls-cannabis-and-lifestyle-brands">brand based in Southern California.</a>



<h3 class="wp-block-heading">Why It Matters</h3>



The company said the move is aimed at leveraging the e-commerce potential of TikTok, considering that it has over one billion active users worldwide. An analyst from Statista now predicts that e-commerce sales on TikTok Shop are projected to reach $11 billion by the end of 2024, the company said in a press release.



Rodedawg looks to expand its market reach which is planned to increase sales of its product lines.



The initial product offering is the all-natural Elixicure Topical Pain Relief cream.



See also: <a href="Study:
This Is The #1 Social Media Platform For Recreational Cannabis Consumers (And
It's Not Facebook Or IG)">Study: This Is The #1 Social Media Platform For Recreational Cannabis Consumers (And It&#8217;s Not Facebook Or IG)</a>



"Our Elixicure sales efforts began on Amazon.com and Walmart.com and since then the global e-commerce market has been experiencing rapid growth with TikTok Shop emerging as a major player," CEO Chris Swartz said. &#8220;Launching our TikTok Shop marks a significant milestone for Rodedawg as we continue to innovate and adapt to changing market dynamics."



<h3 class="wp-block-heading">What's Next</h3>



"The potential for online sales through TikTok Shop is immense, and we are thrilled to offer our high-quality, organic, and THC-free products to a broader audience," Swartz continued. "This initiative aligns perfectly with our goal of driving revenue growth and increasing shareholder value.



<h3 class="wp-block-heading">Cannabis And TikTok</h3>



One of the companies that benefited from marketing its cannabis products on TikTok is Nowadays. As highlighted by Benzinga's <a href="https://www.benzinga.com/author/nicol-s-jose-rodriguez">Nicolás Jose Rodriguez</a>, Nowadays &#8211; co-founded by Justin Tidwell and Anthony Puterman &#8211; makes cannabis-infused spirits providing a light and buzzy experience without the effects of alcohol, is an example.



"By strategically positioning their product as a non-alcoholic alternative that offers a buzz without alcohol, Nowadays has successfully navigated the limitations of marketing cannabis products online, amassed a significant following on TikTok&nbsp;and gained over 50,000 subscribers and 15,000 orders in just 60 days," Rodriguez wrote in <a href="https://www.benzinga.com/general/biotech/23/08/33035737/viral-on-tiktok-this-companys-success-paves-way-for-hemp-based-cannabis-beverages-across-state-li">his 2022 story.</a>



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<figure class="wp-block-image size-large"><a href="https://cannabismarketspotlight.com/"><img loading="lazy" decoding="async" width="600" height="250" data-id="384776" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12110212/C.Events-600x250-5.png" alt="" class="wp-image-384776" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12110212/C.Events-600x250-5.png 600w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12110212/C.Events-600x250-5-300x125.png 300w" sizes="(max-width: 600px) 100vw, 600px" /></a></figure>
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Now read: <a href="https://www.benzinga.com/markets/cannabis/21/10/23367297/tips-for-marketing-cannabis-on-instagram-and-tiktok-in-2022-1">Marketing Cannabis On Instagram And TikTok In 2022: Tips And Tricks To Make A Splash</a>

Rodedawg International Industries, Inc. (OTCPK:RWGI) acquired Tree Moguls, a premium cannabis lifestyle brand based in Southern California.

Christopher Swartz, CEO, stated, &ldquo;This acquisition is an immediate revenue producing opportunity and allows Rodedawg to enter into the 6 billion dollar California cannabis market through licensing and distribution opportunities. As part of the acquisition, Rodedawg also acquires a deep technology stack which includes augmented reality (AR) and virtual reality (VR) embedded branding for the Tree Moguls brand. Our shareholders can expect future announcements on the AR and VR implementation which will further establish Tree Moguls as a super-premium cannabis lifestyle brand with immediate expansion into Web3 and Metaverse.&rdquo;

Swartz continued, &ldquo;We specifically targeted Tree Moguls for the manufacturing and distribution reach within established accounts in Los Angeles County and we see that Tree Moguls is poised to expand quickly into other regions within California. This acquisition helps position Rodedawg for immediate revenues and achieving the $5 million plus in year one. This also accelerates the pathway for the future acquisitions already slated. We actually believe that we can go well beyond the $5 million year one target as we continue our acquisition strategy and expansion of management services.&rdquo;

&ldquo;I want to re-iterate our goals for the next six months at Rodedawg International Industries, Inc. is as follows:

<ol>
	<li>
	To generate profitable revenue streams from our acquisitions and management services within the cannabis industry
	</li>
	<li>
	Launch Rodedawg branded and licensed cannabis &amp; CBD products nationally utilizing the brands such as Tree Moguls
	</li>
	<li>
	Cancel over 85 million common shares
	</li>
	<li>
	Launch a corporate website to enhance shareholder communication with transparent and frequent updates.
	</li>
</ol>

Swartz concluded: &ldquo;We also want our shareholders to know that no reverse split is planned.&rdquo;

Photo by <a href="https://unsplash.com/@newhighmediagroup?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Richard T</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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