rawsteel
4 주 전
https://www.otcmarkets.com/stock/OWPC/news/One-World-Products-Sets-New-Standards-in-Sustainability-With-Strategic-Hemp-Innovations?id=459428
One World Products Sets New Standards in Sustainability With Strategic Hemp Innovations
Press Release | 11/18/2024
LAS VEGAS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- One World Products, Inc. (“OWP”) (OTCQB: OWPC), renowned for its innovative approach to eco-friendly materials, proudly announces significant progress that solidifies its influence in the rapidly expanding industrial hemp market. Celebrating the receipt of its first royalty payment, Isiah Thomas, Chairman and CEO of OWP, states: "Our strategic partnerships with industry giants such as Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding are pivotal as we drive forward the integration of green practices into mainstream markets. With their support, we are setting new benchmarks for what it means to operate responsibly within the automotive industry." OWP highlights its readiness to capture growing business opportunities and invites significant industry attention.
This significant progress coincides with the global industrial hemp market's projected growth, expected to reach $16.82 billion by 2030, expanding at a compound annual growth rate (CAGR) of 17.5% from 2024, as highlighted in a 2024 Grand View Research report. The surge in market value is largely attributed to hemp's expanding applications across a variety of sectors including automotive, construction, food and beverages, personal care, and textiles, reflecting its increasing integration into mainstream industries.
OWP's strategic initiatives have successfully penetrated high-growth areas, and the Company is currently finalizing another significant order for its pioneering hemp-based containers, reflecting strong market confidence in OWP's eco-responsible solutions. This development is bolstered by strategic collaborations with industry leaders, showcasing a collective move toward more sustainable industrial practices.
In the packaging sector, the push towards renewable materials accelerates as major companies pledge to reduce single-use plastics. OWP, in collaboration with partners like Orbis and Flex-N-Gate, offers viable, sustainable hemp-based packaging solutions that could dramatically reduce the ecological footprint of the packaging industry.
Leveraging insights gained from Isiah Thomas's extensive connections within the professional athlete community, OWP's Pro-11 wellness line caters to the increasing consumer preference for eco-friendly and health-conscious options, positioning OWP to capitalize on this lucrative market trend.
As OWP transitions from its earlier focus on Colombian cannabis operations to embrace new opportunities, the strategic shift ensures alignment with global sustainability goals and market demands. This change leverages OWP’s strengths in innovation and market responsiveness, fostering long-term growth and environmental integrity.
A key focus this quarter has been enhancing the financial reporting processes at One World Products, significantly advanced by the streamlined procedures implemented by CFO, Todd Peterson. This effort underscores the Company's commitment to meet scheduled filings, marking a substantial step in strengthening its operational capabilities under Peterson's leadership.
With robust industry backing and clear strategic directions, OWP invites investors and stakeholders to join as it ascends to new heights in these dynamic sectors. Positioned at the forefront of the green materials revolution, OWP presents a compelling opportunity for those committed to innovation and sustainability.
sello
1 월 전
6 days ago Isiah finally gained control of the company. Maybe now he can do what he seemed to be moving toward in the first couple of years. A reverse merger with Isiah International. They just issued the shares for a move like that as well. His real estate assets alone are Immense.
Really the only hope for any significant move any time soon.
Change in Control
Effective November 8, 2024, there occurred a change in control of the Company. On such date, pursuant to the Thomas Agreement, the Company’s Chairman and Chief Executive Officer, Isiah L. Thomas, III, acquired all of the outstanding shares of the Company’s Series C Special Preferred Stock, which securities provide Mr. Thomas voting control of the Company. The consideration paid by Mr. Thomas for the shares of Series C Special Preferred Stock was Mr. Thomas’ forgiveness of $486,512 in accrued salary owed to him. As a class, the Series C Special Preferred Stock possesses 66.67% voting power of the Company.
JimmyTwoTimes
2 월 전
Filing a certificate of designation offers several positive reasons for a company:
Creation of Preferred Stock: It allows a company to establish different classes of stock, often with specific rights and preferences, such as dividends and liquidation priorities.
Attracting Investors: Preferred shares can be more appealing to certain investors, offering fixed dividends and reduced risk compared to common stock.
Flexibility in Financing: Companies can raise capital without diluting the ownership of existing shareholders, as preferred stockholders typically do not have voting rights.
Tailored Terms: A certificate of designation enables the company to set specific terms for the preferred shares, such as conversion rights, redemption options, and dividend rates.
Enhancing Creditworthiness: Issuing preferred stock can strengthen a company’s balance sheet, making it more attractive to lenders and investors.
Facilitating Strategic Partnerships: It can facilitate negotiations with strategic partners by offering customized equity stakes that align with partnership goals.
Regulatory Compliance: Filing ensures compliance with state laws governing the issuance of stock, providing legal protection and clarity.
Future Growth Opportunities: The structure created can allow for easier adjustments in capital structure as the company grows and evolves.
Market Perception: Successfully issuing preferred stock can enhance the company’s reputation in the market, signaling stability and financial acumen.
Exit Strategies: It provides flexibility in exit strategies for investors, including potential buyouts or public offerings.
These benefits can help a company optimize its capital structure and align its financial strategy with its overall business goals.
rawsteel
3 월 전
Shareholder update
Shifting Operational Strategy in Colombia and Ramping Up Other Initiatives in Order to Accelerate the Timeline to More Significant Revenue
LAS VEGAS, NV , Sept. 11, 2024 (GLOBE NEWSWIRE) -- One World Products, Inc. (the “Company,”) (OTCQB: OWPC), a fully-licensed hemp and cannabis producer, is pleased today to provide the following shareholder update letter.
Dear Valued Shareholders,
I write to you today with a deep sense of gratitude, pride, and optimism. Gratitude for the unwavering dedication of our employees, partners, and shareholders in supporting our journey so far, and great optimism for the promising path ahead. Director Ken Perego and I remain aligned with our shareholders, having invested $5 million of our personal funds into One World Products . Though our progress has been slower than anticipated, we believe strongly in the foundation we have built and are confident in our strategy for generating and scaling revenue.
Automotive Industrial Hemp Update:
The automotive industry presents a substantial opportunity for us, particularly as global OEMs target to incorporate 200 pounds of renewable materials per vehicle. Our focus is on leveraging industrial hemp to replace plastics and additives in automotive applications. To drive this initiative, we have assembled a team of experienced material and application engineers with over 60 years of combined expertise at Stellantis.
We stand apart from many hemp startups by offering validated products that have passed rigorous tests with our container partner, ORBIS Corporation , and tier-one supplier, Flex-N-Gate , both suppliers to Stellantis. Through our strategic partnership with West Michigan Compounding, our materials can now be molded into automotive component containers. We are also working on substituting mica with hurd powder in protective plastic wraps used for shipping, replacing glass fiber in brackets, and enhancing decorative components in automotive interiors. With these innovations, we remain optimistic about securing purchase orders in the near future.
Pro-11 Update:
Pro-11, our premium CBD-enriched muscle rub, continues to receive excellent feedback since its launch. The product’s success is a testament to its high-quality blend of CBD, essential oils, and natural extracts. As we continue to refine the Pro-11 brand, we are expanding our product offerings, enhancing packaging, and strengthening our distribution channels. Through strategic partnerships, we are poised to scale operations both online and in retail, catering to the growing demand for natural wellness solutions. Our focus on refining brand identity and improving customer experience will further elevate Pro-11’s market presence.
Management and Operational Team Update:
We are thrilled to welcome Chris Wolven to our operational team. With over 10 years of experience in the cannabis industry, Chris has successfully scaled operations in previous roles, reaching revenues of up to $30 million annually. Since joining One World Products , Chris has quickly become an integral part of the team, bringing valuable insight and strategic contributions across multiple facets of the business. His work has already helped us improve operational efficiency, streamline processes, and lay the groundwork for sustainable growth. Additionally, we have refined our management structure to enhance overall efficiency, reduce overhead, and position the Company for long-term success.
Colombian Operations Update:
As we continue to refine our initiatives and operations in Colombia , we are pleased to announce the acquisition of Petalo Pharmaceutical SAS. This acquisition complements our transition to an asset-light model, allowing us to focus on operational efficiency while reducing overhead and capital expenditure. Our strategy leverages new and existing partnerships and resources to ensure flexible and scalable growth as market conditions evolve.
We remain committed to diligently managing all aspects of our current and future operations, ensuring that we adapt to changing circumstances while preserving capital. By optimizing our approach and focusing on sustainable growth, we are positioning the Company to seize emerging opportunities and strengthen our foundation for long-term success.
On the capital markets side, we will ramp up efforts to increase visibility and attract new shareholders through press releases, conferences, roadshows, and investor calls. We look forward to keeping you updated as we continue to execute on our strategic initiatives.
Sincerely,
Isiah Thomas
JimmyTwoTimes
3 월 전
Dear Shareholders,
Despite the challenges we experienced with logistics and installation delays for our distillation machine, we believe 2022 was a set-up year enabling the next 12 months to be transformational as we transition into production and sales. I remain as confident as ever in One World Products, having personally invested $3 million in the Company to-date. I am pleased to provide the following detailed informational update, which outlines our achievements thus far and delineates our plans for the future.
Our first cultivation site is located in Popayan, Colombia and our extraction facility will be located in the outskirts of Bogota, Colombia, in the town of Mosquera. Our cultivation facility encompasses approximately 30 acres and includes a covered greenhouse built specifically to cultivate high-grade cannabis and hemp. In addition, we have forged agreements with local farming co-operatives that include small farmers and indigenous tribe members. Under these agreements, they will cultivate cannabis on up to approximately 140 acres of land using our seeds and propagation techniques, and sell their harvested products to us on an exclusive basis.
We employ modern propagation and cultivation techniques drawn from U.S. practices that allow us to rapidly multiply the cells of a specific plant strain to produce large numbers of genetically consistent progeny plants using our own plant tissue culture method. We believe this technique allows us to cultivate plants which are stable, robust, and able to produce genetically superior cannabis and hemp-derived products. We are committed to adhering to international quality standards. As such, we intend to certify our processes and products as compliant with Good Agricultural Practices (“GAP”), Good Manufacturing Practice (“GMP”), and the standards outlined in EU Pharmacopoeia—a publication setting forth quality standards applicable to the European pharmaceutical industry.
We currently have 120,000 square feet of covered greenhouse capacity, which we intend to increase to 160,000 square feet. We are building out our extraction and production facility and expect it to be operational before the end of the third quarter of 2023. During the first quarter of 2022, we invested approximately $1,400,000 into state-of-the-art distillation equipment. Installed during the first quarter of 2023, we anticipate putting this equipment into service within our vertically integrated extraction facility in the second quarter of 2023.
On October 1, 2022, we entered into a five-year lease for this facility, which combines our office and extraction operations into one building. This arrangement is approximately half the cost of our previous setup, and the facility already contains necessary infrastructure, such as electrical wiring and epoxy floors, which will significantly reduce our tenant improvement costs. Once the equipment is placed in service, we will be one of the only companies in Colombia to both hold licenses and possess the capability to extract high-quality CBD and THC oils. To further boost our cultivation capabilities, we have a contractual relationship with a local co-operative under which they agree to assist us in cultivation at our facility.
We have received full registrations from the Instituto Colombiano Agropecuario (the “ICA”) for the full registration of 3 non-psychoactive high CBD strains and 13 proprietary high THC cannabis strains. This approval is crucial as only registered strains may be sold under Colombian law. We have also initiated the quota process, a necessary step for the commercialization of THC products, and received a supplementary quota on December 30, 2022 that will allow us to sell THC products, based on the thirteen strains that were approved.
We recently added premium coffee certified by the Colombian National Coffee Federation infused CBD, teas infused with CBD, and a series of wellness products, including sports CBD energy drinks for optimum performance, CBD facial and body creams for anti-inflammatory and anti-aging use to our product pipeline. As we look to the second half of 2023, we expect to start exporting our product pipeline, including CBD flower and distillate oil, while developing our white-label commercial agreements with Europe, USA, and Latin America. By streamlining our processes and adopting lean best practices, we aim to become the preferred just-in-time supplier of premium cannabinoid-based products and raw ingredients. This approach will enable us to offer our customers attractive pricing without compromising on quality.
We remain confident about the burgeoning global market for cannabis and hemp products, with the CBD segment, in particular, demonstrating substantial demand and growth. We will pursue sales into this market using a direct sales force to establish direct customer relationships and distributor relationships. We will seek out customers who have large and recurring needs and demands. Countries that we intend to focus on include EU countries, the UK, Poland, Israel, and Canada. Each of these markets offers unique opportunities and we are prepared to navigate these dynamics to establish a strong presence.
Your continued support is invaluable to us and we look forward to updating you on our progress in the exciting months ahead.
Thank you,
Isiah ThomasChairman and CEO, One World Products, Inc.
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