NBA Legend Isiah Thomas Says Colombia's 'Regulatory And Political Hurdles' Are Not Affecting His Cannabis Business
Portfolio Pulse from Jelena Martinovic
Isiah Thomas, CEO of One World Products Inc (OTC:OWPC), stated that Colombia's halted marijuana legalization is not affecting the company's operations. OWPC, operating in Colombia, continues its business as usual, with recent deals including manufacturing and distributing Smokiez Gummies and a partnership with Kx Family Care for CBD personal care products. Despite regulatory challenges, OWPC's international THC product plans remain on track. The company's stock saw a slight increase after this announcement.
February 05, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
One World Products Inc, led by Isiah Thomas, remains unaffected by Colombia's marijuana legalization halt, continuing its operations and partnerships. The company's stock experienced a slight increase.
The positive outlook shared by Isiah Thomas regarding the company's unaffected operations and the progression of strategic partnerships likely contributed to investor confidence, resulting in a slight increase in OWPC's stock price. The company's ability to navigate regulatory challenges and its focus on international markets for THC products further supports a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100