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$WOWU WOWI INC. signs definitive agreement to build state of the art clone genetics laboratory with RMHB.
Licensing/Marketing Agreement Announcement | 05/18/2021
WOWI INC. and RMHB of Houston sign a definitive agreement for RMHB to provide an industrial building to WOWI's Red Creek Springs grow facility. This structure is a pre-built industrial building and will be installed at the Red Creek Springs facility for the propagation of one of a kind WORLD OF WEED signature genetics. WORLD OF WEED under the Management of WOWI INC. will set up and operate the facility under WOWI'S strict and proprietary standard operating procedures and intellectual property. Using these bar raising procedures WOWI will propagate signature cannabis genetics for sale in the legal Colorado recreational cannabis market. WOWI will market to already existing grows all over the state of Colorado. " We are excited to embark on this new addition to our established Colorado business and the subsequent revenue pickup and diversification this venture will provide.", says Anthony C. Russo, CEO, WOWI INC.. Mr. Russo also says, " The genetics business is both under serviced and extremely lucrative in Colorado both in Gross revenue as well as net profits". WOWI sets out on this addition to it's business for increases to it's profits and revenue but also to raise the bar in terms of it's operations at the Red Creek Springs facility. WOWI and it's CEO, Anthony C. Russo believe that it's ability to foster premium state of the art genetics and to build better and more robust cross breed hybrids will raise the bar over its competitors. " We feel strongly that this business venture will give WORLD OF WEED a competitive advantage in the grow market in Colorado and elsewhere we decide to expand to.", CEO Anthony C. Russo expounds. WOWI expects the genetics facility to be fully operational sometime by the end of 2021 and be seen on the first quarter financials ending March 31st, 2022