One World Products Sets New Standards in Sustainability With Strategic Hemp Innovations
One World Products (OWPC) announces significant progress in the industrial hemp market, marked by its first royalty payment receipt. The company's strategic partnerships with Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding strengthen its position in sustainable automotive practices. This development aligns with the industrial hemp market's projected growth to $16.82 billion by 2030, with a 17.5% CAGR from 2024.
The company is finalizing another significant order for hemp-based containers and expanding its Pro-11 wellness line. Under CFO Todd Peterson's leadership, OWP has enhanced its financial reporting processes. The company's strategic shift from Colombian cannabis operations to sustainable industrial hemp applications positions it for long-term growth in multiple sectors including automotive, construction, and packaging.
One World Products (OWPC) annuncia progressi significativi nel mercato della canapa industriale, contrassegnati dalla ricezione del primo pagamento di royalties. Le partnership strategiche dell'azienda con Stellantis, Flex-N-Gate, Orbis e West Michigan Compounding rafforzano la sua posizione nelle pratiche automobilistiche sostenibili. Questo sviluppo è in linea con la crescita prevista del mercato della canapa industriale che raggiungerà 16,82 miliardi di dollari entro il 2030, con un CAGR del 17,5% dal 2024.
L'azienda sta finalizzando un altro ordine importante per contenitori a base di canapa ed espandendo la sua linea di benessere Pro-11. Sotto la guida del CFO Todd Peterson, OWP ha migliorato i suoi processi di reporting finanziario. Il cambiamento strategico dell'azienda dalle operazioni di cannabis colombiana verso applicazioni di canapa industriale sostenibile la posiziona per una crescita a lungo termine in diversi settori, tra cui automobilistico, costruzione e imballaggio.
One World Products (OWPC) anuncia avances significativos en el mercado de cáñamo industrial, marcados por la recepción de su primer pago de regalías. Las asociaciones estratégicas de la empresa con Stellantis, Flex-N-Gate, Orbis y West Michigan Compounding fortalecen su posición en prácticas automotrices sostenibles. Este desarrollo se alinea con el crecimiento proyectado del mercado de cáñamo industrial, que alcanzará 16.82 mil millones de dólares para 2030, con una TAC del 17.5% desde 2024.
La empresa está finalizando otro pedido importante para contenedores a base de cáñamo y expandiendo su línea de bienestar Pro-11. Bajo el liderazgo del CFO Todd Peterson, OWP ha mejorado sus procesos de informes financieros. El cambio estratégico de la empresa de operaciones de cannabis colombiano hacia aplicaciones sostenibles de cáñamo industrial la posiciona para el crecimiento a largo plazo en múltiples sectores, incluyendo automotriz, construcción y embalaje.
원 월드 프로덕츠(OWPC)는 산업용 대마 시장에서 중요한 진전을 이루었으며, 첫 로열티 수령을 기록했습니다. 스텔란티스, 플렉스-N-게이트, 오르비스, 웨스트 미시간 컴파운딩과의 전략적 파트너십은 지속 가능한 자동차 관행에서의 입지를 더욱 강화하고 있습니다. 이 발전은 산업용 대마 시장이 2030년까지 168억 2천만 달러에 이를 것으로 예상되는 성장과 2024년부터 17.5%의 연평균 성장률(CAGR)에 부합합니다.
회사는 대마 기반 용기에 대한 또 다른 중요한 주문을 마무리하고 있으며, Pro-11 웰니스 라인을 확장하고 있습니다. CFO인 토드 피터슨의 리더십 아래에서 OWP는 재무 보고 프로세스를 개선했습니다. 콜롬비아 대마초 운영에서 지속 가능한 산업용 대마 응용 프로그램으로의 전략적 전환은 자동차, 건설 및 포장을 포함한 여러 분야에서 장기 성장을 위한 입지를 다지고 있습니다.
One World Products (OWPC) annonce des progrès significatifs sur le marché du chanvre industriel, marqués par la réception de son premier paiement de redevances. Les partenariats stratégiques de l'entreprise avec Stellantis, Flex-N-Gate, Orbis et West Michigan Compounding renforcent sa position dans les pratiques automobiles durables. Ce développement s'aligne sur la croissance prévue du marché du chanvre industriel, qui atteindra 16,82 milliards de dollars d'ici 2030, avec un TCAC de 17,5 % à partir de 2024.
L'entreprise finalise une autre commande importante de conteneurs à base de chanvre et élargit sa gamme de bien-être Pro-11. Sous la direction du CFO Todd Peterson, OWP a amélioré ses processus de reporting financier. Le changement stratégique de l'entreprise, passant des opérations de cannabis colombien à des applications durables de chanvre industriel, la positionne pour une croissance à long terme dans plusieurs secteurs, notamment l'automobile, la construction et l'emballage.
One World Products (OWPC) kündigt signifikante Fortschritte im Markt für Industriehanf an, die durch den Erhalt seiner ersten Lizenzgebührenzahlung gekennzeichnet sind. Die strategischen Partnerschaften des Unternehmens mit Stellantis, Flex-N-Gate, Orbis und West Michigan Compounding stärken seine Position in nachhaltigen Automobilpraktiken. Diese Entwicklung steht im Einklang mit dem prognostizierten Wachstum des Industriehanfmarktes, das bis 2030 16,82 Milliarden Dollar erreichen soll, mit einer jährlichen Wachstumsrate von 17,5% ab 2024.
Das Unternehmen schließt eine weitere bedeutende Bestellung für hanfbasierte Container ab und erweitert seine Pro-11 Wellnesslinie. Unter der Leitung von CFO Todd Peterson hat OWP seine Finanzberichterstattungsprozesse verbessert. Der strategische Wechsel des Unternehmens von kolumbianischen Cannabisoperationen hin zu nachhaltigen Anwendungen von Industriehanf positioniert es für langfristiges Wachstum in mehreren Sektoren, darunter Automobil, Bauwesen und Verpackung.
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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
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
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