OWC Pharmaceutical Research Corp(OTCMKTS:OWCP) has seen a spectacular rise in recent months from sub pennies last year to highs of $0.95 in January. Since then the stock has formed a new base in the $0.60 range where it is consolidating well.
OWCP started running as pot stocks heated up going into the election. The red hot Marijuana industry has quickly turned into a multi-billion dollar massive growth market that is sweeping across the Country with many new states having legalized the drug including California, Nevada, Maine, and Massachusetts on November 8.. Medical MJ products in the U.S. alone are projected to generate up to $35 Billion by 2020.
OWC Pharmaceutical Research Corp(OTCMKTS:OWCP) through its wholly-owned Israeli subsidiary, One Word Cannabis Ltd., conducts medical research and clinical trials to develop cannabis-based pharmaceuticals and treatments for conditions including multiple myeloma, psoriasis, fibromyalgia, PTSD, and migraines. OWC is also developing unique delivery systems for the effective delivery and dosage of medical cannabis. All OWC research is conducted at leading Israeli hospitals and scientific institutions, and led by internationally renowned investigators.
The Company’s Research Division is focused on pursuing clinical trials evaluating the effectiveness of cannabinoids for the treatment of various medical conditions, while its Consulting Division is dedicated to helping governments and companies navigate complex international cannabis regulatory frameworks.
OWCP wholly owned subsidiary, One World Cannabis (OWC) conducts medical research and clinical trials to develop cannabis-based pharmaceuticals and treatments for conditions including multiple myeloma, psoriasis, fibromyalgia, PTSD and migraines. OWC is also developing a unique delivery system for the effective delivery and dosage of medical cannabis.
On September 30 OWCP announced it signed an agreement for $300,000 with Medmar LLC (“Medmar”). According to the terms of the agreement, the funds will be allocated to complete the development of the Company’s proprietary psoriasis cream;
Medmar will have exclusive right to manufacture, produce, publicize, promote and market OWC’s Licensed Products in any state in the U.S; The loan is non-interest bearing and will be repaid from royalties generated by the sale of OWC licensed products.
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Commenting on his investment, Steve Weinstein, CEO of Medmar said, “Medmar has been anxious to advance cannabis as medicine, however US regulation makes it very difficult for companies here to actively pursue any type of development in the sector; fortunately, the environment in Israel is more favorable to the industry.”
In October OWCP announced it has completed the development of a proprietary, cannabinoid-enriched sublingual tablet (the “Tablet”) for the administration of medical cannabis.
The technology behind the Tablet is protected and provides for the ingestion of virtually any dosage of medical cannabis with a sublingual delivery mechanism, whereby the compounds are absorbed directly into the patient’s blood through oral epithelial tissue. The Tablet also enables physicians to safely and accurately monitor the dosage and treatment of each individual patient, something that is essentially impossible to do for patients who administer cannabis by smoking.
On February 7 OWCP announced the appointment of Dr. Sharon Rozenblat as Senior Advisor to the Scientific Advisory Board of its wholly-owned Israeli subsidiary, One World Cannabis Ltd (“OWC Israel”).
Dr. Rozenblat will be tasked with overseeing the completion of the pre-clinical safety studies on the Company’s treatment for psoriasis, which commenced in November 2016. Dr. Rozenblat will also steer the Company’s efforts to commercialize OWC’s cannabis-based formulations and delivery mechanisms.
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Currently trading at a $91 million market valuation OWCP has minimal cash or revenues and rising debt. OWCP is an exciting story developing in small caps; the Company is developing cannabis-based pharmaceuticals and treatments for conditions including multiple myeloma, psoriasis, fibromyalgia, PTSD, and migraines. OWCP has quickly become an Investors favorite with ready liquidity, big momentum and a breakout chart. We will be updating on OWCP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OWCP.
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Disclosure: we hold no position in OWCP either long or short and we have not been compensated for this article.