One World Products files S1 with institutional investor for up to $10 million

The One World Products, Inc. OWPC has filed a S-1 with the Securities and Exchange Commission as part of the newly announced common stock purchase agreement and registration rights agreement with an institutional investor for up to $10 million worth of shares over a 36 month period.

The investor made an initial fixed price equity investment of $150,000, subject to Rule 144 and a 6 month holding period, the company said on Wednesday.

Both of these fixed-price equity investments were priced at $0.15 per share.

We are delighted that our newest institutional investor clearly values the vision and tremendous growth potential we see for OWP, said Isiah Thomas, chairman and CEO of the company. Their second equity investment provides additional capital that will be used to scale operations in Colombia, increase industrial sales of hemp products to customers and expand our carbon credits program. The faith and enthusiasm this institutional investor has shown is a huge part of their $300,000 investment, which is about 50% higher than our recent share price. They allow us to control the timing and amount of future equity capital, which allows us to take advantage of sudden increases in our stock price. Thomas pointed out that one original investor in the company opted to increase his investment, which resulted in the restructure of OWP's debt under more favorable terms.

Thomas stated that I am personally investing an additional $500,000 at $0.15 per share in $100,000 increments over the next five months. As an ascendant international hemp and cannabis company with a focus on environmental, social, and governance ESG standards, we believe that these latest rounds of investment and refinancing are the best way to elevate the Company to the next level. One World Products shares traded 4.67% higher at $0.1099 per share during the pre-market session on Wednesday morning.

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