One World Ventures Inc. (OWVI)

[Bruno2]

article Sep 24, 2020 : Navajo Nation moves to shut down hemp farms amid claims of marijuana growing

https://eu.daily-times.com/story/news/2020/09/24/navajo-nation-says-hemp-farms-front-grow-illegal-marijuana/3515677001/

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After Benally and Lin struck a deal, they obtained financing from SPI Energy Co., a publicly traded company on the NASDAQ.

SPI launched a hemp business last year and agreed to invest $1.1 million into the Shiprock farms.

But investments from SPI dried up last year after Benally's company failed "to deliver any of the hemp plants" and refused to return an initial installment of $324,125, SPI financial records show.

SPI officials visited the Shiprock farms after making their first payment by the July 31, 2019, deadline and found "the plants and growing operations appeared to be deficient and not up to industry standards," according to a company filing. Further, SPI alleges Benally didn't deliver updates or financial reports as required.

"Finally, NAAC failed to deliver any of the hemp plants by Nov. 30, 2019 … and refused to return the company's down payment and to make whole the damages the company has suffered," a filing says.

SPI said Benally's company also did not respond to two demand letters late last year.