financetom
Business
financetom
/
Business
/
Legal Hurdles Don't Deter Isiah Thomas' Hemp Empire, Announces New Collab In Colombia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Legal Hurdles Don't Deter Isiah Thomas' Hemp Empire, Announces New Collab In Colombia
Mar 25, 2024 12:23 PM

One World Products ( 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!

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stock Of The Day: Will Snap Refill The Gap?
Stock Of The Day: Will Snap Refill The Gap?
Sep 19, 2025
Shares of Snap Inc. are trading higher Thursday. The stock is in a strong uptrend. Some analysts attribute the move to the company's announcement of its new fifth-generation Spectacles and operating system, Snap OS 2.0. ‘Gaps tend to refill' is an old Wall Street expression, and it's true. This means that Snap may continue to move higher. This is why it...
AMD Stock Is Trading Lower Thursday — What's Happening?
AMD Stock Is Trading Lower Thursday — What's Happening?
Sep 19, 2025
Advanced Micro Devices Inc ( AMD ) shares are moving lower Thursday after Nvidia Corp ( NVDA ) revealed a surprise $5 billion investment in Intel Corp ( INTC ) , raising competitive concerns for AMD. What Happened: Nvidia ( NVDA ) took a stake in Intel ( INTC ) on Thursday and announced plans to jointly develop chips for...
Exclusive-Ecopetrol to beat 2025 drilling goal, may best output target, executive says
Exclusive-Ecopetrol to beat 2025 drilling goal, may best output target, executive says
Sep 19, 2025
BARRANQUILLA (Reuters) -Colombia's state-run energy company Ecopetrol is set to exceed its 2025 goal of drilling 10 oil wells by between 20% and 40%, the company's vice-president for hydrocarbons Rafael Guzman said on Thursday. The company drilled six wells in the first half of the year, two of which were successful, it has said. Ecopetrol also hopes to find, within...
Bitmine Immersion Technologies (BMNR) Stock Is Surging Thursday: What's Going On?
Bitmine Immersion Technologies (BMNR) Stock Is Surging Thursday: What's Going On?
Sep 19, 2025
Shares of Bitmine Immersion Technologies Inc ( BMNR ) are trading higher Thursday afternoon, extending recent gains following bullish commentary from Chairman and Fundstrat co-founder Tom Lee. The rally comes as BitMine solidifies its position as the world’s largest corporate Ethereum (CRYPTO: ETH) treasury. What To Know: The company this week reported amassing $10.8 billion in digital assets, primarily driven...
Copyright 2023-2026 - www.financetom.com All Rights Reserved