One World Products Inc (OWPC)

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https://www.globenewswire.com/news-release/2021/03/22/2197003/0/en/Colombian-Ministry-of-Health-Calls-for-International-Export-of-Flower.html

Colombian Ministry of Health Calls for International Export of Flower

March 22, 2021 09:30 ET | Source: One World Pharma Inc.

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Permission to Export Flower Would be Huge Catalyst for OWP

LAS VEGAS, NV, March 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – One World Pharma Inc. (OTC: OWPC), (“OWP” or the “Company”), a U.S. based, fully licensed, pure-play hemp and cannabis ingredient producer in Colombia, is encouraged by a formal recommendation to allow for the international export of dry cannabis flower. In a recently published letter from the Colombian Ministry of Health and Social Protection to the President of Colombia, related to Law 1787 and Decree 613, the Ministry calls for modifications that would allow for the exportation of dry flower.

One World Pharma believes the freedom to sell its dry flower internationally would be of enormous benefit to the Company and the entire industry in Colombia and would significantly increase the Company’s ingredient product offerings in scale, and reduce time to market. Dry flower represents over 50% of the demand in many markets such as the United States, Germany and Australia. Currently, such sales are not allowed.

One World Pharma, through its strategic relationships with small farmers, indigenous groups, FEDECORE, and the Colombian Federation of Regional Advisors, has access to significant acreage for cultivation. Given One World Pharma’s operational strengths, the modifications to Colombia’s laws would make it possible to go from seed to sale within 120 days.

The Company continues to increase its production capacity at its initial farm in Popayan and is currently negotiating contracts that would provide it with its own extraction capabilities.

“Permission to export our flower would indeed be a milestone for One World Pharma,” said Isiah Thomas, CEO of One World Pharma. “We are well-positioned to act on this excellent opportunity with the relationships, technology and genetics to grow the finest flower at scale and leveraging the tremendous equatorial advantages provided by Colombia. This would be a great complement to our existing efforts to sell high quality extracted products under existing law.”