One World Products Inc (OWPC)

[sello]

Add the $400k commitment from Marley, the $500k commitment from Isiah, and who knows what other arrangements and we may have the cash portion of the acquisition. I imagine the bulk of the purchase price will be in equity shares.

Secured by assets? What assets? The only assets we know of are the assets held in the reorganization/bankruptcy they are currently in.

Maybe NEW assets? Is the acquisition already effectively done?

The pre-funded warrants are a risk to the lender as there is no guarantee the exercise price will be reached and the warrants could expire. We won't know the exercise price until the amended filing but it shows confidence from the lender. It also defers ownership so the lender can exceed the 10% ownership clause.

All looks good to me. A note also that all the previous loans with AJB capital were settled without default and without issuance of shares. The only shares converted were the commitment shares.

Yes, I'd say a nice little bridge loan and the fact that it was made to OWP while in bankruptcy proceedings, albeit reorganization, of their only functioning business I would say we are definitely about to get some good news here.