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.