Pazoo Inc (OTCMKTS:PZOO) is staring to see some big action amid a massive surge of volume as pot stocks heat up across the board and light up the OTCBB. PZOO has been plagued by debt conversions in the past which have decimated the share price to current triple zero levels.
PZOO initially hit the bb’s back in 2012 at around a dime and quickly ran to highs over $0.40 before collapsing downward. PZOO received a ton of speculation back in the day that it would be used for the next AwesomePennyStock APS pick but that never happened.
Pazoo Inc (OTCMKTS:PZOO) delivers information, services and products through direct response digital and TV, retail stores and its website; pazoo.com, a health and wellness online portal with an array of experts delivering vital information to improve and enhance the enjoyment of living a full and enriching life.
Pazoo.com features industry experts from the health and wellness industry as well as the pet industry. On the website an individual can find a limited, and high quality, selection of merchandise, including fitness consumables, nutritional supplements, apparel, and wellness/safety products.
PZOO entered the red hot pot sector when they formed a partnership with MA & Associates, LLC, a cannabis testing lab that recently received a two-year exclusive contract with another grower for 100,000 square feet of grow with the intention of expanding its operation to 875,000 square feet of grow within the next two years.
Back in February PZOO said its Las Vegas affiliate, MA & Associates, LLC, (which to clarify is a cannabis testing lab and has never grown, distributed or sold marijuana products) is in the final phase of the build out of its state of the art marijuana testing facility. All of the testing equipment will be calibrated with Steep Hill Halent’s revolutionary marijuana testing procedures.
While the Las Vegas lab is expected to be fully completed, with machinery in place and ready to be operational, by the beginning to middle of April, there will be a ceremonial grand opening on the infamous date of 4/20 (April, 20, 2015). It is expected that growers will be delivering their first product to be tested on or before the end of April this year.
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PZOO has been getting some big news recently; in September they announced they have received a $200,000 Loan to be paid back from the revenue and earnings of the Las Vegas Facility. There can be no debt to equity conversion as this is a more conventional form of financing.
The Note holder was so impressed by the Las Vegas Lab, and more so by the amount of growers that have committed to exclusively test with Pazoo, Inc subsidiary MA & Associates, LLC, that he was comfortable to be paid back from the revenue and earnings that will be generated from the Lab. In fact, based on the commitments from growers, Pazoo management is confident that the lab will be at least break even within the first 30 days of operation, and will quickly transition to profitability.
Back in July PZOO announced its subsidiary MA & Associates, LLC, a best-in-class cannabis testing lab in Las Vegas received notice of acceptance from the Division of Public and Behavioral Health Medical Marijuana Program for the State of Nevada. The letter states that our lab has successfully met all of the requirements to conduct business as a medical marijuana testing laboratory in the State of Nevada. The lab has successfully passed all rigorous State inspections, and with this acceptance the Certificate is being mailed to the lab. The final hurdle to opening the lab is obtaining the City of Las Vegas License, the application for which is pending.
Additionally, as Pazoo expands its interstate operations and industry leadership, the Company is proud to announce that Pazoo, Inc. CEO David Cunic is now a new member to the advisory board of the Medical Marijuana Caregivers of Maine (MMCM). MMCM is a Maine Trade Association dedicated to the support and promotion of safe access to medical marijuana. MMCM has been providing education and advocacy for patients and caregivers in Maine since 2010.
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Currently racing up the charts with the rest of the sector PZOO has little assets, no revenues and rising short term debt that has resulted in significant dilution in the past. Currently trading at the bottom of its trading range in triple zero land PZOO does have some big irons in the fire such as the marijuana testing facility which is now bringing in revenues and a long history of big moves.We will be updating on PZOO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PZOO.
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Disclosure: we hold no position in PZOO either long or short and we have not been compensated for this article.