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It is getting more interesting. Suddenly more information is coming up for Cannabis Company Group. As I had said the asset to debt, net value is 2.5 million but now they are listing revenue at 17 million. I have to speculate as to why they are suddenly disclosing revenue publicly when they were not just a couple of weeks ago.
The other thing newly disclosed is that "Cannabis Company Group" is not a company, it is a trade name. This entity was set up as "Razon Social". It is a form of establishing an entity specifically for a future partnership or subsidiary.
Set up with a simplified joint stock company structure, investors in CCG own the controlling interest and also have a platform to trade their shares in an open market with other accredited investors in Colombia.
Sommers has been an advisor here since 2020. CCG was established in late 2021. It looked like this was going to happen a year ago but it fell through. Sommers came in, now as president, and canceled the equity offering, which was likely the issue, and now after some changes in the terms the offering is not only resubmitted but accepted within 2 weeks.
I have to wonder if Sommers formed a group of investors to establish CCG, knowing that they would ultimately own shares tradable on the Colombian market as well as shares in OWP upon completion of the acquisition. The S-1 would provide additional capital but like you have said, intended to be executed at a much higher share price, which would be inevitable upon completion of the merger and likely other contracts already in the works.
Been a long ride, hopefully, we are rewarded well for our patience.
$OWPC Alright, the S-1 is out. This is how Joerg Sommer is getting paid. He needs to complete a $5M qualified offering in order to be compensated as stipulated in his employment & compensation agreement. To reach $5M with 20M shares at 88% of market price, that's an average PPS of (5,000,000/20,000,000)/0.88 = $0.28. That's the average. So we're looking at a minimum target price range of something less than 0.28 to something more than 0.28. That's all we know at the moment, but it gives the impression that we could be seeing a very favorable business milestone and news cycle beginning... last week????
This prospectus relates to the resale of up to 21,366,700 shares of common stock of One World Products, Inc., a Nevada corporation, which may be resold by Tysadco Partners, LLC (which we refer to as Tysadco or the selling stockholder), consisting of up to 20,000,000 shares of common stock issuable pursuant to an equity financing facility established by the terms of the Purchase Agreement described in this prospectus, and 1,366,700 shares of common stock issuable to Tysadco upon the conversion into common stock of 13,667 shares of Series B Preferred Stock we issued to Tysadco as a commitment fee for entering into the Purchase Agreement with us. We may draw on the equity financing facility from time to time, as and when we determine appropriate in accordance with the terms and conditions of the Purchase Agreement, by delivering “Request Notices” to Tysadco.
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