ONE WORLD PRODUCTS INC - OWPC STOCK NEWS

One World Products (OWPC) has secured its first order for 1,400 hemp-based reusable containers from Flex-N-Gate, a tier 1 automotive supplier. This milestone showcases OWP's ability to deliver sustainable industrial hemp solutions for the automotive industry. The containers, developed in collaboration with Flex-N-Gate, ORBIS , and West Michigan Compounding, have passed rigorous validation trials, proving their capability to meet industry standards.

The hemp-based molded containers offer an eco-friendly alternative to traditional plastics, helping automakers reduce their carbon footprint. OWP's Chairman and CEO, Isiah Thomas, emphasized the significance of this initial order and the company's readiness to scale production for future opportunities in automotive packaging solutions.

One World Products (OTCQB: OWPC), a fully-licensed hemp and cannabis producer, has issued a shareholder update letter. CEO Isiah Thomas and Director Ken Perego have invested $5 million personally into the company. Key updates include:

Automotive Industrial Hemp: The company is focusing on replacing plastics in automotive applications, leveraging a team with 60+ years of Stellantis experience. They've passed tests with ORBIS and Flex-N-Gate.

Pro-11: Their CBD muscle rub continues to receive positive feedback. The company is expanding product offerings and distribution channels.

Management: Chris Wolven, with 10+ years of cannabis industry experience, has joined the operational team.

Colombian Operations: OWPC has acquired Petalo Pharmaceutical SAS, transitioning to an asset-light model to reduce overhead and capital expenditure.

The company plans to increase visibility through press releases, conferences, roadshows, and investor calls.

One World Products, Inc. (OWP) announces an exclusive agreement with Procepack Corp. for advanced PreRoll-Er™ systems in Colombia, boosting production capabilities significantly. The agreement ensures OWP's access to cutting-edge technology to meet growing demand in the global cannabis market.

One World Products, Inc. introduces Pro-11, a high-performance CBD-enriched muscle rub, in collaboration with Kx Family Care led by Stephen Marley and NBA Hall of Famer Isiah Thomas. The partnership includes a $400,000 strategic investment by Kx Family Care in OWP to expand operations in Colombia. Pro-11, designed for athletes, offers rapid absorption, deep muscle penetration, and a non-greasy finish. The product aims to enhance athletic performance and recovery, combining science and nature to provide natural, health-forward solutions. Pro-11 will be available Direct-to-Consumer from March 15, 2024.

One World Products, Inc. (OWPC), a hemp and cannabis producer in Colombia, remains unaffected by recent regulatory and political hurdles in the country. The company's focus on international markets and medicinal applications insulates it from uncertainties surrounding the domestic Colombian THC market. Agreements with Smokiez Edibles and Kx Family Care are expected to ramp up operations in early 2024, and the company's THC products are intended for the international market. However, Colombia's cannabis industry is facing a crisis due to regulatory and political challenges, including efforts to legalize recreational use stumbling in Congress and a regulatory directive mandating the destruction of old cannabis inventory. One World Products' shares outstanding slightly increased from 78.3 million to 79.8 million as of January 15, 2024.

One World Products, Inc., a hemp and cannabis producer in Colombia, announced a strategic reorganization plan for its subsidiary, OWP-Colombia, under Colombian Law 1116 of 2006. The reorganization aims to optimize operations, focus on growth, and honor past commitments. The company will continue its extraction operations in Colombia without interruption and has established key partnerships with market leaders in the cannabis and organic cosmetics sectors. The reorganization will enhance efficiencies and allow the company to concentrate on its core strategic initiatives for the future. OWP's partnership and distribution agreements with Smokiez Edibles and the Marley family’s Kx Family Care remain top priorities and will continue their commercial development as planned in early 2024. The company is also advancing its plans to acquire a new fully-licensed subsidiary within the Bogotá Free Trade Zone to streamline operational efficiencies and generate revenue in line with current business projections.

One World Products, Inc. ($OWPC) and Kx Family Care have formed a strategic alliance to expand their global reach in the wellness sector. One World Products will be the sole producer and distributor of Kx Family Care products in Colombia and Latin America, utilizing its state-of-the-art facilities in the Colombian Free Trade Zone. The partnership aims to leverage Kx Family Care's user base and establish a stronger presence in international markets. Isiah Thomas, Chairman, and CEO of One World Products, expressed enthusiasm for the venture, emphasizing the shared vision for wellness and the sustainable future of personal care. Stephen Marley, founder of Kx Family Care, highlighted the importance of supporting the healing and regenerative uses of the cannabis plant, while Shelly O'Neill, Co-Founder and CEO of Kx Family Care, emphasized the significance of the partnership in promoting the 'Kaya Lifestyle' movement.

One World Products secures exclusive production and distribution of Smokiez Gummies in Colombia, with plans for global expansion.