LAS VEGAS, NV -- March 25, 2024 -- InvestorsHub NewsWire -- One
World Products, Inc. ("OWP") (OTCQB:
OWPC), a trailblazer in hemp and cannabis production, proudly
announces an exclusive agreement with Procepack Corp., the
acclaimed global leader in packaging line and automated integration
equipment. This agreement grants OWP the perpetual exclusive rights
to purchase advanced PreRoll-Er™ fully automated pre-roll filler
systems within Colombia, contingent on meeting production volume
targets and future equipment acquisitions.
The PreRoll-Er™ 400 system is a testament to efficiency, capable
of producing up to 2,200 pre-roll products per hour – that's 17.6K
daily, approximately 370K monthly, and over 4.5 million annually,
with a complete packaging solution included. This marks a
significant advancement in OWP's production capabilities and
positions the company to scale its operations to unprecedented
levels.
Under the terms of the agreement, effective February 26, 2024,
Procepack will support OWP's expansion in the expanding global
cannabis market by ensuring access to cutting-edge technology that
streamlines the production process. Procepack, known for its robust
portfolio of innovative machinery brings expertise in labelers,
cappers, liquid fillers, and other complementary machines, all made
in their Quebec factory.
Isiah Thomas, CEO and Chairman of One World Products, expressed
his enthusiasm: "Partnering with PreRoll-Er™ represents a
significant leap forward for OWP in our production technology. The
model 400 system will dramatically enhance our efficiency and
output, helping us keep pace with the growing demand for our
products. This agreement not only demonstrates our mutual
commitment but also solidifies OWP's foothold as an industry
powerhouse."
Francis Bouchard, Marketing Director of PreRoll-Er™, explained:
"Partnering with OWP will help us open a brand-new market for our
machines. As the world's largest cannabis producer, Colombia is a
very interesting market for us, and we're excited to start this
journey with a solid partner like One World Products."
The pre-roll market has shown remarkable growth in both the US
and Canada, a trend that is expected to reflect globally. As the
third most popular cannabis product category in the US and the
second in Canada, pre-rolls have seen a 13.4% growth in the US and
a substantial 36.5% growth in Canada. This surge indicates a
flourishing market with vast global potential, positioning OWP
favorably in its strategic expansion to meet the rising
international demand.
About Procepack Corp.
Procepack is a premier manufacturer and integrator, providing
packaging solutions to the food, pharmaceutical, cosmetics, and
chemical industries. With a commitment to excellence and growth,
Procepack offers unmatched after-sales support and repurchase
options for old machinery, reinforcing their clients' development.
PreRoll-Er is a trademark by Procepack Corp. for the cannabis
industry.
For more information, please visit https://preroll-er.com/.
About One World Products, Inc. (OTCQB:
OWPC)
One World Products is a fully licensed hemp and cannabis
producer with offices in Las Vegas, Nevada, and offices and
operations in Bogota and Popayan, Colombia. One World Products
planted its first crop of cannabis in 2018 at its cultivation site
in Popayan, Colombia, and began harvesting commercially in the
first quarter of 2020.
For more information, please visit https://oneworldproducts.com/. #HempIsTheNewPlastic
(TM)
Forward-Looking Statements:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of
future performance, are based on certain assumptions and are
subject to various known and unknown risks and uncertainties, many
of which are beyond the Company's control, and cannot be predicted
or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. More detailed information about the Company and the
risk factors that may affect the realization of forward-looking
statements is set forth in the Company's filings with the
Securities and Exchange Commission ("SEC"), including the Company's
most recent Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q. Investors and security holders are urged to read these
documents free of charge on the SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities
laws.
Investor Contact:
ClearThink IR
bloper@clearthink.capital
602-785-4120
One World Products (QB) (USOTC:OWPC)
Historical Stock Chart
From Oct 2024 to Nov 2024
One World Products (QB) (USOTC:OWPC)
Historical Stock Chart
From Nov 2023 to Nov 2024
