Pazoo Inc (OTCMKTS:PZOO) is making an explosive move up since reversing off $0.00632 lows. The stock has a history of big moves running as high as $0.02 earlier this year.
On August 18 PZOO announced its 100% wholly owned subsidiary CannabisKing Distribution, LLC, in just one week after training, completes multiple sales for the AccuVape product line in Nevada, Colorado, New Jersey and New York. After such an initial sales success, CannabisKing has lined up dozens of sales calls over the next few weeks, most from new client referrals. CannabisKing is confident they will be able to introduce the AccuVape line to a larger market share, nationally.
New retail sellers of the AccuVape line have an over 90% retention rate of the product line and most experience an increase in monthly orders of the AccuVape line, once the location is established as an Authorized Retailer. CannabisKing has sales representatives in New Jersey, New York, Nevada, Colorado, Arizona, Oregon, Washington, Texas and California, with Florida also soon to be added. The number of accounts is expected to exponentially grow in the coming weeks due to the extensive initial positive feedback from current accounts.
PZOO should consider itself lucky to have attracted a loyal and fast growing shareholder base that believes this one goes much higher. Of major concern here is the ongoing debt conversions; once new stock stops coming into the market current interest in PZOO could translate into an explosive situation.
PZOO originally hit the bb’s back in 2012 at around a dime and quickly ran to highs over $0.40 before collapsing downward. The stock initially 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 marijuana grower 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, 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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Pazoo’s 100% wholly owned subsidiary Harris Lee, LLC (“Harris Lee”) recently entered into a master agreement to have the first right of refusal for other states throughout the United States that Steep Hill itself does not take. This agreement immediately gives Harris Lee the exclusive right for the State of Oregon. Oregon is expected to be ready for operation no later than the beginning of September 2015. Harris Lee expects to enter an additional state in the very near term and have at least one more operational by calendar year end 2015.
On April 1 PZOO announced a Binding Letter of Intent with Front Range, the Steep Hill licensee for Colorado, to purchase the assets to operate Steep Hill Colorado, a marijuana testing laboratory located in Denver, CO. Additionally, Front Range will transfer all assignable rights and licenses to Harris Lee.
Harris Lee will take 100% ownership of this fully functional, revenue generating facility no later than April 30, 2015. All necessary permits, licenses, government approvals, equipment and leases required to operate this facility will be transferred to Harris Lee.
“This acquisition, initiated by Steep Hill Labs, further reinforces the commitment between our two great companies,” stated David Cunic, Co-CEO of Pazoo. “We look forward to continued growth and expansion with our friends at Steep Hill.”
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Currently trading at a $4.5 million market valuation PZOO has little assets, no revenues and rising short term debt. But this is an exciting story developing in small caps; the Company has been putting out some big pr recently and has been very successful in attracting a fast growing and loyal shareholder base that swears this one goes higher. 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.