Authorization to export flowers could be an enormous catalyst for OWP
LAS VEGAS, NV, March 22, 2021 (GLOBE NEWSWIRE) – by way of NewMediaWire – One World Pharma Inc. (OTC: OWPC), (“OWP” or the “Firm”), a totally licensed, Colombia-based producer of pure-play hemp and hashish substances primarily based in america, is inspired by a proper suggestion to permit worldwide export of dried hashish flowers. In a just lately revealed letter from the Colombian Ministry of Well being and Social Safety to the President of Colombia, concerning Regulation 1787 and Decree 613, the ministry requires modifications that will permit the export of dried flowers.
One World Pharma believes that the liberty to promote its dried flowers internationally could be of monumental profit to the corporate and all the Colombian business and would considerably enhance the corporate’s provide of ingredient merchandise and scale back the time to market. The dry flower accounts for greater than 50% of the demand in lots of markets similar to america, Germany and Australia. At present, these gross sales should not permitted.
One World Pharma, by means of its strategic relationships with small farmers, indigenous teams, FEDECORE and the Colombian Federation of Regional Advisors, has entry to a major space for cultivation. Given the operational strengths of One World Pharma, the modifications to Colombian legal guidelines would make it doable to go from seed to sale in 120 days.
The corporate continues to extend its manufacturing capability at its authentic farm in Popayan and is presently negotiating contracts that would offer it with its personal extraction capacities.
“The authorization to export our flower would certainly be an vital step for One World Pharma,” stated Isiah Thomas, CEO of One World Pharma. “We’re properly positioned to grab this glorious alternative with the connections, expertise and genetics to domesticate probably the most lovely flower on a big scale and benefit from the large equatorial benefits supplied by Colombia.” It could be an incredible complement to our present efforts to promote top quality extracted merchandise beneath present laws. “
About One World Pharma
Established in 2017, One World Pharma Inc. (“OWP”) is a totally licensed world provider of top quality hemp-derived substances for the manufacture of client packaged merchandise (CPGs) and over-the-counter (OTC) merchandise. . . OWP offers a dependable and sustainable provide chain to chemical formulators, meals and beverage producers, and cosmetics producers world wide. The corporate has places of work in Las Vegas, NV and Bogota, Colombia and a facility in Popayan, Colombia.
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Data on forward-looking statements
This press launch incorporates “forward-looking statements” which embody data referring to future occasions. Ahead-looking statements shouldn’t be interpreted as a assure of future efficiency or outcomes and won’t essentially be actual indications of when such efficiency or outcomes can be achieved. Ahead-looking statements are primarily based on data out there on the time they’re made and / or on the great religion perception of administration at the moment concerning future occasions and are topic to dangers and uncertainties that might trigger in order that precise efficiency or outcomes differ materially from these. expressed or advised by forward-looking statements. Essential components that might trigger these variations embody, however should not restricted to: the shortcoming to shut the remaining funding tranches with ISIAH Worldwide, the necessity for added financing of the corporate, the demand for the merchandise of the corporate, the federal government regulation of the hashish business, the flexibility to keep up industrial and strategic buyer relationships, the influence of aggressive merchandise and costs, the dangers related to working in Colombia, development in goal markets, the adequacy of the Firm’s liquidity and monetary energy to help its development, and different dangers as could also be detailed now and again in paperwork filed by the Firm with america Securities and Trade Fee. For a extra detailed description of the danger components and uncertainties affecting One World Pharma, please seek advice from the Firm’s Annual Report on Type 10-Ok filed with the Securities and Trade Fee on Could 29, 2020, out there at www.sec. gov. The Firm assumes no obligation to publicly replace or revise forward-looking statements, whether or not on account of new data, future occasions or in any other case.