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WOWI, Inc. Is Now The Driving Force of Jolen, Inc. With Its New Strategy and Name

Mike Heilman Announcements 1 Comment
WOWI, Inc. Is Now The Driving Force of Jolen, Inc. With Its New Strategy and Name

WOWI, Inc. Is Now The Driving Force of Jolen, Inc. With Its New Strategy and Name

CENTENNIAL, CO — (OTC Markets – June 23, 2016) – WOWI, Inc. (OTC: WOWU) is pleased to announce its growth strategy in the U.S. Cannabis Market. WOWI is now the Driving Force of Jolen, Inc. and operating as a wholly owned subsidiary of Jolen, Inc. which accordingly changed its corporate name to WOWI, Inc. with a new symbol of WOWU.

Jolen’s management, after proper due diligence and with the support of the majority of its shareholders, has elected to redirect it acquisition focus to the rapidly growing U.S. legal cannabis (marijuana) market.

The U.S. legal cannabis industry is among the fastest growing industries in the U.S. projecting better than $22 billion in revenue by 2020, growing from revenue of $5 billion in 2015.

Jolen’s first acquisition is WOWI, Inc. (World of Weed, Inc.) located in Centennial, Colorado. Since WOWI will be Jolen’s main growth engine, Jolen has changed its name to WOWI, Inc. with its new symbol (WOWU). For more information on WOWI please go to http://worldofweedinc.com/.

Anthony Russo, CEO of WOWI, Inc., states that “WOWI’s long-term strategy is the establishment of a national cannabis brand supported by cannabis producing farms and dispensaries of quality cannabis products. Both farms and dispensaries will either be started organically or existing entities will be acquired. WOWI’s nationally recognized brand will host quality products developed in cooperation with agricultural institutions, provide controlled growing and harvesting conditions, and develop selective distribution via knowledgeable dispensaries/stores … all under regulatory conformance.”

“Furthermore,” states Mr. Russo, “target companies and/or assets for acquisition must have experienced management with intimate knowledge of the industry, along with a desire to remain with WOWI to continue to expand operations.”

Mr. Russo realizes that “entering the capital markets allows WOWI to be nimble and competitively advantaged to execute a national footprint and embark on strategic acquisitions.”

In a 2015 press release Jolen stated that it had entered into a Letter of Intent with Viking Investments Group, Inc. This LOI was not formalized, and is no longer under consideration.

Safe Harbor Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk.

For additional information please contact:

Michael Heilman, Director
Direct Telephone: 410-647-5386
Email: mikeheilman@worldofweedinc.com

World of Weed Medical Cannabis Business Company

Cannabis Industry News Updates

Rip Saunders Cannabis Industry No Comments
Cannabis Industry News Updates

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World of Weed Closes Friends and Family Round

Anthony Russo Announcements
World of Weed Closes Friends and Family Round

In the hopes and plan to enter the capital markets World of Weed Inc. closes their friends and family investment round. Proceeds are expected to be used for the purchasing of the state of the art 10,000 sqft. Farmtek greenhouse and also to prepare for the company’s forage into the capital markets and trading as a public company.

This changes the over all access to institutional level investment capital and will allow WOWI to further expand at a much brisker pace. The round was closed at 1,000,000 committed dollars and 500,000 dollars in the escrow. WOWI, it’s management team and employees  are excited for this bold move. ” This is a game changer for WOWI and raises the bar substantially for our competitors.” Anthony C Russo, president WOWI states. ” WOWI will move toward the full build out of the the first phase at Red Creek springs Farm Complex and entering the capital markets at this time is more than advantages to us and has our competitors nervous I am sure.”.

WOWI has 5 fully built out acres for Cannabis growing and an additional 35 acres to grow into. Look for other big news from WOWI and its strategic partners coming up in the near future.

MCPI Unilaterally and Unwarentedly Renigs on Contractual Obligations to Close Merger

Anthony Russo Announcements No Comments
MCPI Unilaterally and Unwarentedly Renigs on Contractual Obligations to Close Merger

WOW sadly announces today that the MCPI merger will not go through and fraudulently reported on the 8k of MCPI was the reason that WOW counsel did not approve the deal. Anthony C Russo states loudly, “We at WOW in all good faith entered into the merger and moved to the 75 day audit after Charles Stidham informed us verbally the deal was closed. 

We put MCPI executive and CFO Garrett Vogle on with our counsel and as the deal was structured properly and 100% able to close WOWI must assume that there was an additional and alternate agenda at play!” When asked if WOW would seek out remedies in the court system Mr. Russo answered “We as an executive team are focused on building the right team and partnerships to move WOWI to the fore front of Legal Cannabis companies Nationally. We are the same great company with the same great business strategy and are executing on that strategy.  That is 100% our focus.

We also understand that MCPI only has a single dispensary operating at this time so we must say if that was the original deal we wouldn’t have entered into the merger.  We feel we do have recourse legally but the effort and to take away from our focus isn’t our goal.  Our goal as it always has been is to be the cannabis company not just a company in cannabis.” 

WOW is executing well and as we see it still the most exciting game in the space. WOW is seeking the public arena still but maybe as a self sustained spin off of a incubator parent.