New Wave Holdings Inc (OTCMKTS:NWAV) On A Bull Run

New Wave Holdings Inc (OTCMKTS:NWAV) is the latest microcap runner to be tearing up the charts. Over the last year, NWAV has risen from $.0003 a share to highs of $.0095 this week, for gains of over 3000%. As the company makes its transition to the PAO Group Inc, we're taking a closer look to see what's going on with NWAV and its bull run.Back in August, NWAV announced that it was merging with PAO Group, Inc., a physicians practice management company with zero debt and actively developing alternative medicine clinics focused on the proper use of cannabis for treatment of chronic and terminal patients. PAO Group alternative medicine clinics are focused on 'non-traditional' patient care solutions. Cannabis will be included in the realm of treatment solutions as well as other alternative solutions such as acupuncture, chiropractic, biofeedback, and other solutions depending upon patient needs. As a result of the transaction, PAO Group Inc founder Robert Weber became CEO of NWAV.One of the primary treatment areas is opioid abuse. The U.S. is suffering an unprecedented opioid epidemic with addictions and overdoses taking the place of cures. The abuse of and addiction to opioids such as heroin, morphine, and prescription pain relievers is a serious problem that affects the health, social, and economic welfare of all societies. PAO Group believes that it is well-positioned to fulfill a dire need by providing efficacious solutions to patients as an alternative measure to the pitfalls of opiate-based care.This year, the company plans to open ten clinics in the Ohio market. The company believes that demand for services in new markets such as Ohio will experience high growth and increased demand based upon historical data from states that have a more mature marketplace. In mature marketplaces, most clinics are open six days per week and have 300+/- patient visits per week on average. A typical clinic has at least a week to 10 day waiting list and the average clinic charges $200 per visit. As an industry generalization, individual clinic locations can generate revenues of $2.5m+ per year. At 10 clinics, that would be $25 million a year in revenues for NWAV.This week, NWAV announced that it is opening four new PAO facilities in the states of Ohio and Florida. The Sandusky, Ohio facility will be accepting appointments before the end of the month and construction has already started at the Cleveland facility. In addition, PAO is on track to open at least three more locations in Florida by the end of February. They include Orange Park, Jacksonville Beach and Ft. Lauderdale, with a location in Green Coast Springs to follow thereafter. CEO Robert Weber said:

"This has been an incredible new year. We are thrilled to be ahead of schedule on our goals for Q1, which includes construction on the new facility in Cleveland along with a sizeable impression in the state of Florida for our first month in. We're also honored with the opportunity to bring shareholder value to the table and grateful for the reception thus far. Our Facebook live tour of the Sandusky facility, which we posted just a few days ago, has a reach of over 18,000 and counting, with zero ad or promotion."

Currently trading with a market cap of $5.3 million, NWAV is in the process of a name and symbol change to better reflect the PAO Group Inc. We are also waiting for updated financials from the company as well that will reflect the PAO Group Inc and its operations. The current financials on OTC Markets just reflect the former New Wave Holdings Inc pubco, which was just a shell prior to the merger with PAO Group Inc. Overall, we believe the new PAO Group Inc is one of the more interesting stories among small caps right now. We will be updating our subscribers as soon as we know more. For the latest updates on NWAV, sign up below!Disclosure: We have no position in NWAV and have not been compensated for this article.