sello
2 weeks ago
I'm looking forward to finding out what happened to the 1.6 million dollar note that was due January 19th. They have renegotiated and taken a new note from this lender several times now, but every time, it involved issuing common shares as part of the terms. No shares have been issued this year besides those issued to employees.
Isiah said in his last interview that sometimes you have to fund yourself. Maybe that's what he did. If so, he is getting in deep here. Of course, he also said that the next time they talked the stock would be at $4 and looking the get on NASDAQ.
There was an increase in shares authorized that we haven't seen implemented, a name change that we haven't seen implemented. Seems to be a theme.
JimmyTwoTimes
3 months ago
In the case of bioplastics, hemp could see some interesting opportunities if U.S. tariffs on traditional plastic imports—especially from countries like China—remain in place or escalate. Hemp-based bioplastics are a promising alternative to petroleum-based plastics, and with the increasing push for sustainability, the market could grow if tariffs create a cost advantage for domestically produced hemp plastics.
Here’s how hemp-based bioplastics could benefit:
Increased Demand for Domestic Alternatives: If tariffs raise the price of conventional plastics, industries might seek out more sustainable, locally produced alternatives. Hemp bioplastics, especially if they are made in the U.S., could become a more attractive option as businesses look to reduce reliance on overseas plastic imports.
Supply Chain Resilience: With tariffs making foreign plastics more expensive and potentially less reliable, U.S. manufacturers might focus more on sourcing sustainable domestic materials, including hemp. This could create a bigger market for U.S.-made hemp bioplastics, helping to boost the local industry.
Government and Consumer Support for Sustainability: If tariffs push for more domestic production, it could align with growing government initiatives and consumer interest in eco-friendly products. There's increasing pressure on businesses to adopt sustainable practices, and bioplastics made from hemp could be a big part of that shift, especially if the cost is competitive.
That said, the hemp bioplastics sector would still face challenges, such as scaling production, reducing costs, and improving the performance of hemp plastics to match the versatility of conventional plastics. For hemp bioplastics to really benefit from tariffs, it would need significant investment in infrastructure, research, and marketing to compete on a larger scale.
JimmyTwoTimes
5 months ago
“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.”
WOW, they are committed to meeting scheduled filings! How is this stock not up so much more with that news? That is really amazing!
On a side note, how did Timmy Woods last so long as CFO, did he do anything productive for the company?
rawsteel
5 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
5 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
6 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.
JimmyTwoTimes
6 months ago
Companies file a Certificate of Designation to establish the rights, preferences, and limitations of a specific class or series of preferred stock. This document outlines details such as dividend rates, voting rights, and liquidation preferences, allowing companies to attract investors by offering tailored investment terms. It also provides legal clarity and protects both the company and its shareholders by clearly defining the terms associated with the preferred stock.
News
Market Data
Register to chat with like-minded investors on our interactive forums.
TTT
1 week ago
ChiefZ
6 months ago
