Lifestyle

Basketball Legend Isiah Thomas Gets Into Cannabis Industry with $3M Investment

Basketball Hall of Famer Isiah Thomas continues to make history in a post-playing career that’s fast becoming as legendary as his years on the hardwood.

The superstar, whose Cheurlin Champagne is one of the best-selling in the world, announced that his company ISIAH International will invest $3 million into One World Pharma, Inc., a U.S.-based, fully licensed, pure-play hemp and cannabis ingredient producer in Columbia.

“Let it be known,” Thomas, using his favorite hashtag, tweeted about the deal. “There are few, if any, reliable, industrial scale, global supply chain companies in this space and we intend to be one. I am pleased to initiate this next chapter of growth.”

According to a news release, the $3 million investment will fund the expansion of farm operations, additional certifications for THC seeds already approved by the government of Colombia, Global GAP (Good Agricultural Practices) certification and the build-out of a GMP certified state-of-the-art THC/CBD extraction facility.

The investment will be made in installments over six months, with the first tranche of $250,000 having already been funded.

The farm expansion through this funding is expected to allow One World Pharma to significantly increase revenue in the second quarter of 2021 through the increased sale of seeds, newly approved cuttings, and extracted oil.

Thomas made the substantial financial commitment through ISIAH International reportedly because of his belief in the bright future of the global cannabis market, which leading research firms assert will reach $47 billion in annual sales by 2025.

ISIAH International is a holding company with interests in a diversified portfolio of companies. Wholly owned by Thomas, it invests in other companies with strong market positions and growth potential.

With this investment, Thomas becomes one of the largest minority business owners in the Pan-American cannabis space.

“We could not be more thrilled,” said Dr. Kenneth Perego, One World Pharma’s executive chairman. “When Isiah Thomas assumed the role of CEO, he lent us his good name and his world-renowned leadership and business acumen. Today, he provides the funding for the Company to truly execute on its plan to become a leading international supplier of the finest cannabis ingredients.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Yes, I would like to receive emails from Washington Informer Newspaper. Sign me up!


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Adblock Detected

Please consider supporting us by disabling your ad blocker