LAS VEGAS -- November
18, 2024 -- 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.
For more information, please visit https://oneworldproducts.com
#HempIsTheNewPlastic (TM)
Forward-Looking Statements:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the Company's control, and cannot be predicted or
quantified and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
More detailed information about the Company and the risk factors
that may affect the realization of forward-looking statements is
set forth in the Company's filings with the Securities and Exchange
Commission ("SEC"), including the Company's most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors
and security holders are urged to read these documents free of
charge on the SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor Contact:
One World Products, Inc.
chris.wolven@owpv.com
800-605-3210 x506
One World Products (QB) (USOTC:OWPC)
Historical Stock Chart
From Oct 2024 to Nov 2024
One World Products (QB) (USOTC:OWPC)
Historical Stock Chart
From Nov 2023 to Nov 2024
