Become A Featured Company

One World Products, Inc. Secures Exclusive Rights With Procepack for State-of-the-Art PreRoll-Er Equipment in Colombia

Ryan Allway

March 25th, 2024

News, Top News, Top Story

LAS VEGAS, NV, March 25, 2024 (GLOBE NEWSWIRE) — via NewMediaWire — 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

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading