Rodedawg (OTC: RWGI) Launches TikTok Shop to Expand into Global E-Commerce Market
Company E-commerce Effort Expands into 10 Billion Dollar Marketplace
COSTA MESA, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Rodedawg International Industries, Inc. (OTC: RWGI), a prominent cannabis manufacturer and distributor, is excited to announce the launch of its own TikTok Shop. This strategic move aims to leverage the booming e-commerce potential on TikTok, expanding Rodedawg's market reach and driving sales of its popular product lines. The initial product offering is the all natural Elixicure Topical Pain Relief cream.
Chris Swartz, CEO, states: “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.”
With over 1 billion active users worldwide, TikTok offers unparalleled access to a diverse and engaged audience. According to e-Marketer, US social commerce sales will surpass $100 billion by 2025 thanks to rising adoption from Gen Zs, increased spending from existing buyers, and TikTok’s well-funded efforts to increase sales on its platform. Analysist from Statista now currently predict that E-commerce sales on TikTok Shop are projected to reach $11 billion by the end of 2024, demonstrating the platform's significant impact on the global retail landscape. It is a platform that offers massive revenue upside and brand exposure furthering shareholder value.
Chris Swartz, CEO of Rodedawg, adds: "Launching our TikTok Shop marks a significant milestone for Rodedawg as we continue to innovate and adapt to changing market dynamics. 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. This initiative aligns perfectly with our goal of driving revenue growth and increasing shareholder value."
About Rodedawg International Industries, Inc.
Rodedawg International Industries, Inc. (OTC: RWGI) is focused on providing management services, acquisitions and restructuring resources throughout the regulated California cannabis market. We are a trusted partner and asset to licensed cultivation, distributors, manufacturers, and retail dispensaries.
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About Nutrient CBD
Rodedawg International Industries, Inc. has launched Nutrient CBD, featuring five new products: CBD Oil Tincture, CBD Roll-On, and CBD Pain Cream. The CBD Oil Tincture combines 100% American-sourced, USP grade CBD with Cold-Pressed Organic Extra Virgin Flax Seed Oil, offering omega-3s and essential CBD cannabinoids. The CBD Roll-On delivers pain relief with organic ingredients like Willow Bark and Menthol, ideal for joint pain and muscle soreness. The CBD Pain Cream, with 8000mg CBD, provides potent relief for various conditions. All products are plant-based, organic, THC-free, vegan, non-GMO, and paraben-free, ensuring quality and satisfaction.
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About Budding Horizon, LLC
Budding Horizon, LLC is a California Limited Liability Company with offices in Orange County, California. The company is focused to providing management services for the licensed cannabis industry and seeks to leverage its expertise in the real estate acquisitions to acquire and develop a portfolio of assets.
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About Brother Buds™
Brother Buds is a cannabis delivery service based in Costa Mesa, California. During the month of July 2023, the Rodedawg will operate Brother Buds under a non-storefront cannabis delivery license. The cannabis delivery service will focus on Los Angeles County, Orange County, and norther San Diego County in the demographic area of 23.86 million in 2019. The company is focused to providing management services for the licensed cannabis industry and seeks to leverage its expertise in the real estate acquisitions to acquire and develop a portfolio of assets.
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About Elixicure
Elixicure is a leading provider of manufacturing and capsule encapsulation services. We offer a wide range of services to meet the diverse needs of our clients, including capsule encapsulation, formulation, manufacturing, labeling and bottle filling. Our state-of-the-art facilities and experienced team of professionals allow us to deliver high-quality products and exceptional customer service. Whether you are looking for small-scale or large-scale production, we have the expertise and capabilities to meet your needs. Contact us today to learn more about how we can support your manufacturing and encapsulation needs.
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Contact Information:
Rodedawg International Industries, Inc.
1-800-793-0355
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE: Rodedawg International Industries, Inc.
