One World Products Inc (OWPC)

[MegaDeath]

8-K out, Item 1.01. Entry into a Material Definitive Agreement.

On December 6, 2019, One World Pharma, Inc. (the “Company”), through its wholly-owned subsidiary OWP Ventures, Inc., acquired 51% of the outstanding shares of capital stock (the “Shares”) of Colcannapy S.A.S., a Colombian company (“Colcannapy”), for a purchase price of US$102,000, pursuant to a Share Purchase Agreement (the “Purchase Agreement”) among OWP Ventures, Inc. and Colcannapy’s shareholders.

Concurrently, with the Company’s acquisition of the Shares, Federación Colombiana de Consejos Regionales (“Fedecoré”) purchased the remaining 49% of Colcannapy’s outstanding shares of capital stock from Colcannapy’s shareholders, so that the Company and Fedecoré are now the only shareholders of Colcannapy.

Colcannapy is the holder of a Colombian seed license and 23 registered Colombian cultivars.

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