One World Products (OWP) OWPC has entered into an exclusive agreement with Procepack Corp., which gives OWP the perpetual exclusive rights to buy advanced PreRoll-Er fully automated pre-roll filler systems within Colombia.
Under the terms of the deal, Procepack agreed to support OWP’s expansion in the growing global cannabis market by ensuring access to cutting-edge technology that streamlines the production process.
NBA Hall of Famer and sports legend-turned-cannabis entrepreneur, Thomas runs the largest Black-controlled, licensed hemp and cannabis producer in Colombia.
Thomas called hemp “life-changing” at a recent Benzinga Cannabis Capital Conference, which is returning to Florida this April 16-17. Thomas called hemp “an opportunity not only to impact and change lives today but also down the road.”
Procepack, known for its portfolio of innovative machinery, brings expertise in labelers, cappers, liquid fillers and other complementary machines, all of which is made in the company’s Quebec factory.
Francis Bouchard, marketing director at PreRoll-Er, said the collaboration with OWP would allow them to open a "brand-new market for our machines."
The PreRoll-Er 400 system can produce up to 2,200 pre-rolls per hour – that’s over 4.5 million annually.
Isiah Thomas, OWP’s CEO and chairman, is enthused about the deal that went into effect on Feb. 26, 2024.
“Partnering with PreRoll-Er represents a significant leap forward for OWP in our production technology," Thomas said. "The model 400 system will dramatically enhance our efficiency and output, helping us keep pace with the growing demand for our products."
Despite a measure to legalize marijuana in Colombia being put on hold in December during its fourth round of eight obligatory debates to pass the constitutional amendment, Thomas said the lack of cannabis regulatory changes does not affect the company’s operations and business prospects.
To that, Bouchard said Colombia is a "very interesting market."
All things hemp and cannabis are on the docket at the Benzinga Cannabis Capital Conference in Florida April 16-17, 2024. The two-day event at The Diplomat Beach Resort is a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!
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The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!