PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) is a holding group for what was formerly known as New Wave Holdings. The company is going through a rebranding and in the process of opening up alternative medical centers where medical cannabis is legal.
PAOG, formerly NWAV, is a publicly traded holdings company dedicated to the development and launch of PAO Group alternative medicine clinics focused on ‘non-traditional’ patient care solutions. The realm of treatment solutions include cannabis, acupuncture, chiropractic, biofeedback, and other solutions depending upon patient needs. NWAV recently merged with PAO Group, Inc. (which will trade under PAOG), a physicians practice management company actively developing alternative medicine clinics focused on the proper use of cannabis for treatment of chronic and terminal patients.
PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) has an expansion strategy in mind and it is working to methodically grow. On Jun 26, 2017, PAOG announced the launch of two new Corporate locations for its Alternative Medicine Centers of America. The new locations will open in Toledo and Dayton, Ohio. An in-house psychiatrist will help assist with properly diagnosing PTSD patients at the Dayton location.
The Parma and Toledo locations will feature a full suite of therapeutic services as part of an overall expansion initiative by PAO Group. Clinic offerings will include proper use of cannabis for treatment of chronic and terminal patients, massage therapy, anti-aging treatments and hormone replacement therapy (HRT).
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PAOG that they have released Q1 Financials for 2017, which show the company generating revenues from the Alternative Medicine Centers in only the first 6 months of operations.
Although the revenues reported are small in scale, they are revenues none the less. If there is growth in revenue in the next quarterly financial report, that will be a significant indicator that PAOG is moving in the right direction.
CEO Robert Weber added these important points in press last month:
- Arthur Hall spoke on Legislation in Florida: Currently there is a 90 day exclusion period under discussion under which new patients must wait 90 days to receive their medical card. House and Senate coordinating with special session, but does not affect PAO/Alt Med Centers ability to conduct business. Our doctors are still able to write recommendations for patients and our open facilities have an existing patient base that we are actively serving — if legislation passes to eliminate the 90 day barrier, it only helps the Company but not passing it does not affect our ability to conduct business according to our model and goals therein.
- The team discussed the difference between the Company’s Affiliate locations and their Corporate locations: Affiliate locations are existing practices that have signed on under the alt med centers brand. Patients are routed to them in a win-win arrangement. Corporate locations on the other hand are facilities which are wholly owned by the Company.
- Dr. Gary Bernard, an Internal Medicine Physician and Medical Director for PAO Group/Alt Med Centers started working with cannabis clinics a few months ago (orange park and Jacksonville) but has 20,000 existing patients from his practice prior to working with PAO. There is a well established patient/physician relationship here which he is confident will serve the Company in a big way as patients can currently be issued recommendations and pick up medicine from the dispensaries.
- The Corporate location in St. Augustine, FL is under construction with completion well on schedule. In addition to an alt med center, this will also serve as an HRT (hormone replacement therapy) clinic adding additional revenue streams and services while catering to a rapidly growing market.
- The team is currently looking toward further openings in Akron and/or Toledo alongside the launch of an extensive print ad campaign with key placement regionally.
- The Company also offered clarification on the business model with respect to Cannabis sales: (paraphrase) “We are a medical center that services the need for recommendations, we are not a dispensary and do not sell cannabis in any form and are not a dispensary. We promote compassionate care through the proper use of cannabis and play an integral part in that process by working with our patients and affiliate location patients to ensure they have necessary access to such care.”
In addition, the Company has signed a Letter of Intent with a Physicians Group to staff the new locations and its Parma/Cleveland clinic.
“We are thrilled with continued development of relationships in the medical community for our clinics,” states CEO Robert Weber. “This is just the beginning and everyone on our team is thrilled at the rate of growth in this first year. We intend to continue innovating as we expand to ensure we provide a comprehensive package of therapies, treatments and products including health education, lifestyle coaching, and naturopathic medicine essential to an individual’s successful achievement of personal wellness.”
The Dayton location is onboarding an in-house psychiatrist, who will help assist with properly diagnosing PTSD patients and prescribe in line with the Company’s values to treat with effective compassionate care.
The Parma and Toledo locations will feature a full suite of therapeutic services as part of an overall expansion initiative by PAO Group. Clinic offerings will include proper use of cannabis for treatment of chronic and terminal patients, massage therapy, anti-aging treatments and hormone replacement therapy (HRT).
PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) is a company to watch as it releases financials down the line. The company has opened treatment centers and it is going to be the most telling about how their operation turns into revenue. The company has $297,400k market cap and 24.78 million shares outstanding. Many analysts are predicting this company has room to grow, but the waters are still uncertain and the financials will tell the story. For continuing coverage on shares of $PAOG stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
