rawsteel
2 months ago
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
2 months ago
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
3 months ago
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
4 months ago
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
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