One World Pharma Secures $3 Million Investment Commitment From ISIAH International

Rhea-AI Summary

One World Pharma Inc. (OTC: OWPC) has announced a $3 million investment agreement with ISIAH International, LLC, led by CEO Isiah Thomas. The funding will support the expansion of farm operations, certification processes, and the construction of a state-of-the-art THC/CBD extraction facility in Colombia. The investment, made in installments, aims to enhance revenue by increasing seed sales and extracted oil availability. The global cannabis market is projected to reach $47 billion by 2025, indicating strong growth potential.

Positive

• Secured a $3 million investment from ISIAH International to support farm expansion and operations.
• Investment expected to increase revenue through enhanced seed and oil sales.
• Projected growth in the global cannabis market, reaching $47 billion by 2025.

Negative

• Reliance on the successful closure of additional funding installments from ISIAH International.
• Company faces risks related to operating in Colombia and regulatory challenges.

LAS VEGAS, NV, Feb. 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- One World Pharma Inc. (OTC: OWPC), (“OWP” or the “Company”), a U.S. based, fully licensed, pure-play hemp and cannabis ingredient producer in Colombia, is pleased to announce an agreement with ISIAH International, LLC, the holding company of its CEO, 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.  ISIAH International is a holding company with interests in a diversified portfolio of companies. Wholly owned by Chief Executive Officer Isiah Thomas, ISIAH International invests in companies with strong market positions and growth potential.  

“We could not be more thrilled. When Isiah Thomas assumed the role of CEO he lent us his good name and his world-renowned leadership and business acumen. Today, he provides the funding for the Company to truly execute on its plan to become a leading international supplier of the finest cannabis ingredients,” stated Dr. Kenneth Perego, OWP’s Executive Chairman.

Isiah Thomas, on behalf of ISIAH International, stated, “After extensive analysis of Colombia, the world market and these most recent developments at the Company, I passionately believe there is a tremendous opportunity to build a world class, valuable, environmentally and socially conscious company that is a significant player in the global cannabis and industrial hemp industries. There are few, if any, reliable, industrial scale, global supply chain companies in this space and we intend to be one.  I am pleased to initiate this next chapter of growth.”

About One World Pharma

Formed in 2017, One World Pharma Inc. (“OWP”) is a fully licensed global supplier of high-quality hemp-derived ingredients for use in the manufacturing of Consumer Packaged Goods (CPGs) and Over-the-Counter (OTC) products. OWP offers a reliable and sustainable supply chain for chemical formulators, food & beverage producers as well as beauty product manufacturers worldwide. The company maintains corporate offices in Las Vegas, NV and Bogota Colombia and a facility in Popayan, Colombia.

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Information about Forward-Looking Statements

This press release contains "forward-looking statements" that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the failure to close the remaining funding installments with ISIAH International, the Company's need for additional funding, the demand for the Company's products, governmental regulation of the cannabis industry, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, risks related to operating in Colombia, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other risks that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting One World Pharma, please refer to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 29, 2020, which is available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

FAQ

What is the recent investment announcement by One World Pharma (OWPC)?

One World Pharma announced a $3 million investment from ISIAH International to expand operations and build a new extraction facility.

How will the $3 million investment affect One World Pharma's revenue?

The investment is expected to significantly increase revenue through the sale of seeds and extracted oil.

What is the projected size of the global cannabis market by 2025?

The global cannabis market is projected to reach $47 billion in annual sales by 2025.

Who is behind the investment in One World Pharma (OWPC)?

The investment is made by ISIAH International, a company led by CEO Isiah Thomas.

What risks does One World Pharma face with the new investment?

Risks include reliance on successful funding installments and challenges related to operating in Colombia.