One World Pharma Inc. (OTC: OWPC), a U.S. based, fully licensed, pure-play hemp and cannabis ingredient producer in Colombia, is announced an agreement with ISIAH International, LLC, the holding company of its CEO, NBA legend Isiah Thomas, to invest $3 million into One World Pharma, Inc. The $3 million investment will fund the expansion of farm operations, additional certifications for THC seeds already approved by the government of Colombia, Global GAP (Good Agricultural Practices) certification and the build-out of a GMP certified state-of-the-art THC/CBD extraction facility. The investment will be made in installments over six months, with the first tranche of $250,000 having already been funded. The farm expansion through this funding is expected to allow One World Pharma to significantly increase revenue in the second quarter of 2021 through the increased sale of seeds, newly approved cuttings, and extracted oil. Isiah Thomas makes this substantial financial commitment through ISIAH International based on his belief in the bright future of the global cannabis market, which leading research firms assert will reach $47 billion in annual sales by 2025.
Mmp News Author, Medical Marijuana Program Connection, 04/13/2022 16:41:00
Open article: https://mmpconnect.com/nba-legend-isiah-thomas-invests-3-million-in-cannabis-company/