Upon filing the S-1, the institutional investor has made its second fixed-price follow-on equity investment of $150,000, which is also subject to Rule 144 and a 6-month holding period.One World Products Inc. is Colombia’s largest Black-controlled, fully licensed hemp and cannabis producer.“We are delighted that our newest institutional investor clearly values the vision and tremendous growth potential that we see for OWP,” Thomas stated in a news release.
Thomas continued: “Of tremendous importance to us has been the faith and enthusiasm this institutional investor has demonstrated, evidenced by their $300,000 investment that is priced approximately 50% higher than our recent share price. “Furthermore, one of our original investors in OWP has increased his investment, enabling us to restructure our debt with much more favorable terms. I would also like to highlight that I am personally investing an additional $500,000 at $0.15 per share in $100,000 increments over the next five months.
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Largest Black-controlled cannabis producer in Columbia announces latest investment - New York Amsterdam NewsOne World Products, Inc. has announced that it has filed its S-1 with the Securities and Exchange Commission as part of the recently announced common stock purchase agreement and registration rights agreement with an institutional investor for up to $10 million worth of shares issuable over 36 months.
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