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$FLGC Classic Cup_n_Handle getting ready to break north.
Isn't it just 250,000? The same number of shares reported last week as compensation to Joerg Sommer?
Or maybe the agreement was for Marley to acquire $400k of stock via open market purchases - I wouldn't argue against that.
7m shares current value is in the ballpark of the $400k to be invested by Marley, so maybe that.
$FLGC Nice after hours pop in price and volume, over $2. This is a great time for cannabis stocks!
Another Nevada SOS filing today, just after 1pm. Does anyone know if that is for another R/S or A/S increase or what? In the filing classification description it reads "Amendment After Issuance of Stock."
$OWPC Nice, thanks for sharing!!
$OWPC Nice news, athlete CBD product release, plus $400k investment from Marley!
ONE WORLD PRODUCTS LAUNCHES PRO-11 CBD-ENRICHED PERFORMANCE MUSCLE RUB
https://ir.oneworldproducts.com/press-releases/detail/71/one-world-products-launches-pro-11-cbd-enriched-performance
Amended S-1 filed today.
https://www.sec.gov/Archives/edgar/data/1622244/000149315224004890/forms-1a.htm
Amendment No. 1 to Form S-1
REGISTRATION STATEMENT
EXPLANATORY NOTE
One World Products Inc is filing this Amendment No. 1 (“Amendment”) to its Registration Statement on Form S-1 (File No. 333-276662) (the ‘‘Registration Statement”) as an exhibits-only filing. Accordingly, this Amendment consists only of the facing page, this explanatory note, Item 16(a) of Part II of the Registration Statement, the signature page to the Registration Statement and the exhibits filed herewith. The prospectus is unchanged and therefore has been omitted from this filing.
Again no change to O/S
Authorized Shares 300,000,000 02/05/2024
Outstanding Shares 79,827,618 02/05/2024
Restricted 32,195,206 02/05/2024
Unrestricted 47,632,412 02/05/2024
Held at DTC 47,216,072 02/05/2024
Authorized Shares 300,000,000 01/15/2024
Outstanding Shares 79,827,618 01/15/2024
Restricted 32,195,206 01/15/2024
Unrestricted 47,632,412 01/15/2024
Held at DTC 47,216,072 01/15/2024
$OWPC Good to know, moving forward!
https://ir.oneworldproducts.com/press-releases/detail/70/one-world-products-confirms-that-its-colombian-cannabis
One World Products Confirms That Its Colombian Cannabis Operations are Unaffected by Recent Regulatory Developments in Colombia
February 05, 2024
Recent Agreements Executed with Smokiez Edibles and the Marley Family’s Kx Family Care Are Expected to Ramp Operations in Early 2024
LAS VEGAS, NV , Feb. 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- One World Products, Inc. (the “Company,”) (OTCQB: OWPC), a fully-licensed hemp and cannabis producer in Colombia, today announced that its current business prospects are unaffected by recent regulatory and political hurdles in Colombia.
With a business model primarily centered on international markets and medicinal applications, OWP remains insulated from the uncertainties surrounding the domestic Colombian THC market for recreational use. The Company's products, which include a range of THC solutions provided through medical channels, are derived from cannabinoids sourced from hemp and are fully compliant with current regulations.
Isiah Thomas, Chairman and CEO of One World Products, commented, ”Our plans remain unaltered as our products are not affected by the recent moves by Colombia’s Congress. The recently announced agreements with Smokiez Edibles and Kx Family Care are progressing and we fully expect to begin production and commercialization soon. Additionally, our THC products are intended for the international market and we can export from the Bogotá free trade zone as flower, oil or finished products. We look forward to providing updates with our continued progress over the next few months.”
In Colombia, where medical cannabis has been legal since 2017, efforts to legalize recreational use stumbled again in Congress with a 46/40 vote in mid-December 2023. Surprising fees for recreational cannabis use introduced by the President just days prior to the vote added to the complexity of the situation. A possible re-vote in the next six months could pave the way for a legal recreational market. Meanwhile, a regulatory directive effective February 2024 mandates the destruction of all cannabis inventory over two years old.
Colombia's cannabis industry in crisis over regulatory, political hurdles
https://news.yahoo.com/colombias-cannabis-industry-crisis-over-110541538.html
According to OTC Markets, One World Products’ shares outstanding were 79.8 million as of January 15, 2024, up slightly from 78.3 million on November 14, 2023.
About One World Products, Inc. (OTCQB: OWPC)
One World Products is a fully licensed hemp and cannabis producer with offices in Las Vegas, Nevada, and operations in Bogota and Popayan, Colombia. One World Products planted its first crop of cannabis in 2018 at its cultivation site in Popayan, Colombia, and began harvesting commercially in the first quarter of 2020. #HempIsTheNewPlastic (TM)
www.OneWorldProducts.com
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:
ClearThink IR
bloper@clearthink.capital
602-785-4120
Very interesting! Thanks for sharing, sello!
$OWPC Alright, the S-1 is out. This is how Joerg Sommer is getting paid. He needs to complete a $5M qualified offering in order to be compensated as stipulated in his employment & compensation agreement. To reach $5M with 20M shares at 88% of market price, that's an average PPS of (5,000,000/20,000,000)/0.88 = $0.28. That's the average. So we're looking at a minimum target price range of something less than 0.28 to something more than 0.28. That's all we know at the moment, but it gives the impression that we could be seeing a very favorable business milestone and news cycle beginning... last week????
One World Products, Inc. Announces Reorganization Plan to Optimize Global Operations
Press Release | 01/22/2024
Will Continue Its Extraction Operations in Colombia Without Interruption
LAS VEGAS, NV, Jan. 22, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- One World Products, Inc., a fully-licensed hemp and cannabis producer in Colombia and ascendant international hemp and cannabis company, today announced a strategic reorganization plan for its principal subsidiary, One World Products Pharma SAS ("OWP-Colombia"). This reorganization under Colombian Law 1116 of 2006 represents a step forward in the Company’s strategy to optimize its operations and position itself for significant growth through recently established key partnerships with market leaders in the cannabis and organic cosmetics sectors.
OWP will continue its extraction operations in Colombia without interruption, as the reorganization proceedings streamline operations and direct resources toward the most promising areas for growth. The Company's newly reorganized structure not only reflects a commitment to past obligations but also enhances efficiencies, allowing OWP to concentrate on its core strategic initiatives for the future.
OWP’s key partnership and distribution agreements with Smokiez Edibles and the Marley family’s Kx Family Care remain top priorities and will benefit from these restructuring efforts, with both operations set to continue their commercial development and implementation as planned in early 2024.
"This reorganization is a strategic recalibration, allowing us to honor our past commitments while paving a clear path for future growth,” says Isiah Thomas, Chairman and CEO for One World Products. “We are taking a thoughtful approach to restructuring that will position us for sustainable success and more effectively commercialize our exciting partnerships with Smokiez Edibles and Kx Family Care. Our commitment to our customers and stakeholders remains stronger than ever."
The Company is also advancing its plans to acquire a new fully-licensed subsidiary within the Bogotá Free Trade Zone which will further streamline operational efficiencies toward revenue generation in line with current business projections.
About One World Products, Inc.
One World Products is a fully licensed hemp and cannabis producer with offices in Las Vegas, Nevada, and operations in Bogota and Popayan, Colombia. One World Products planted its first crop of cannabis in 2018 at its cultivation site in Popayan, Colombia, and began harvesting commercially in the first quarter of 2020. www.OneWorldProducts.com.
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:
ClearThink IR
bloper@clearthink.capital
602-785-4120
I think there's a good potential that a reverse triangular merger (or similar corporate action) is in the works. Sure, there's KHRNF, but there are other possibilities. The next several weeks could be very interesting.
It's a bit convoluted, but McCabe (the insider who bought a lot of stock over the past couple of years and also provided substantial funding for OWPC) bought common shares of OWPC (so... you're in good company). OWP-Colombia is merely a subsidiary of OWPC. There's a good reason management is letting this happen. Anyone who means anything at all to OWPC... owns shares in OWPC - not OWP-Colombia. That includes you, me, McCabe, Isiah Thomas and all other OWPC shareholders.
Good summary, sello. If you look at key statements individually (the bold text) in the paragraph you highlighted in your analysis, one by one, it does look like we're seeing the beginning of the launch:
"The Company intends to acquire a Colombian subsidiary domiciled within the Bogota Free Trade Zone that will possess all requisite licenses for the cultivation, production, distribution, and export of cannabis and hemp-infused products. We anticipate this process to be completed within four to six weeks and revenue generation commencing thereafter. In addition, the Company will continue to pursue its business strategy described in is press releases and filings with the Securities and Exchange Commission, which are publicly available at the SEC website at www.sec.gov."
There's a reason McCabe continued to buy up the shares through the development of this situation; a reason why management held off on starting up revenue-generating operations; a reason why management did not yet transfer the extraction and distillation equipment to OWP-Colombia; a reason why AJB Capital advanced $300,000 to the company as recently as June 2023, and "waived events of default" through the completion of this process and the above-stated actions by management. Management knows exactly what they are doing, to be able to state an anticipated timeline of 4 to 6 weeks for acquisition followed by revenue generating operations.
Remarks:
This Form 4 is the second of two Form 4s being filed by the Reporting Person relating to the transactions described herein that occurred on various dates from May 9, 2022 to December 22, 2023 pursuant to which the Reporting Persons purchased an aggregate of 8,648,345 shares of the Issuer's common stock. The Form 4 has been split into two filings to cover all 50 individual transactions, because the SEC's EDGAR filing system limits a single Form 4 to a maximum of 30 separate transactions per table. Each Form 4 will be filed by the Reporting Person.
$OWPC Wow, now there's a vote of confidence! As I mentioned earlier, we could see in the detail of the quarterly reports that the good doctors continue to fund this startup, and here today we can see who has been sucking up all the shares as some retail trading shareholders have capitulated over the past 2 years. Definitely good to know!
Dr. McCabe Forms 4 & Schedule 13D representing 18.9% voting power, including 13,100,180 shares of common stock held directly.
https://ir.oneworldproducts.com/sec-filings-email/content/0001493152-24-002980/formsc13d.htm
https://ir.oneworldproducts.com/sec-filings-email/content/0001493152-24-002977/ownership.html
https://ir.oneworldproducts.com/sec-filings-email/content/0001493152-24-002974/ownership.html
https://ir.oneworldproducts.com/sec-filings-email/content/0001493152-24-002970/ownership.html
#HempIsTheNewPlastic
$OWPC Stellantis and Flex-N-Gate (award-winning Tier 1 supplier to Stellantis with substantial plastics molding business for auto interior & exterior, as well as to other major automotive mfgrs) are highlighted partners on the new website. Looks like Q1 will see the business launch, just a matter of time.
#HempIsTheNewPlastic (TM) says Isiah Thomas, Chairman, and CEO of One World Products, Inc.
Lol, amazing what lives under mulch and toadstools
Ever get tired of being a loser?
It was actually 250,000 shares, and they were restricted. Just some retailer that's been playing the spread and cycle, imo... fomenting a bit of fear and scaring a few other retailers into reactionary stop-loss sells.
Due for a 9pm 8k filing for closed offering, perhaps.
Yeah, not something we want to see again if at all possible (I know mgmt feels the same). It's actually more like 100% interest rate if you annualize it - which is the way interest rates are normalized. 48% compounded semi-annually is 119%. It hurts a little, but as long as we get it behind us quickly we'll say it was well worth the cost.
I like it, Jo. I may find time a little later or tomorrow to provide more detail but what I like most is that, along with the fact that there are no negative surprises, there is definitely a boldly underlined restatement of confidence in the insiders' expectations for success - as seen in the their continued funding of the business. The balance sheet remains unscathed with zero toxic debt, the good doctors are still loaning money (Perego loaned 62k in Aug-Sept and McCabe loaned an additional 750k last Sept, among many prior loans from those two), our new President, Joerg Sommer just pitched in a small 25k loan, several accredited investors bought preferred shares for several 100k, and we all know that Isiah is in for over 3 Million. My position here is pretty straightforward... follow the money. Steady as she goes.
Wow, definitely! And happy to see it.
$OWPC Here it is, as expected. When they get staffed up, and more on a full-time basis... I expect we'll start to see them hit the deadlines more typicallly.
https://www.sec.gov/Archives/edgar/data/1622244/000149315223041375/formnt10-q.htm
$OWPC It marks the beginning of the business cycle (contracts -> production -> sales/distribution/shipment = revenue & profit) which aims to deliver on this message, which is supported by the steps executed (see press releases) over the past 3 years in building contacts, connections and relationships in the automotive supply chain (among other materials for consumer packaging and building construction) - most notably Stellantis programs and executives, some of whom recently retired and joined One World Products as strategic advisors - for the use of hemp-based plastics to replace petroleum-based plastics (among other supply chain materials, which are used for consumer packaging and building construction, for example) :
$ALPP Way oversold and undervalued
$ALPP Agreed. Going in the right direction, and many positive milestones on the horizon.
$ALPP Awesome, thanks for posting!
Oh yeah, cool, makes sense now
Nah, I think someone is just playing a little bit, flipping for short term until news of operations progress, funding, contracts, etc. A bit risky since news could pop at any time, but maybe working to some small degree so far for that flipper. Though, the lower the price (as now) the riskier it is. I'm happy to sit back and watch it unfold, patience can pay sweetly.
Withdrawal of the S1 is seen as positive by the common (long) shareholder, signifying funding other than public offering - a qualified offering as written into the new president's employment agreement.
Other than the continuous tagging that Isiah keeps drilling home with #HempIsTheNewPlastic at the bottom of the update letter once again!
It seems like he is just trying to avoid diluting the impact of or drawing attention to the current status of whatever background work and planning they have in the hemp plastic business development.
Don't forget their little One World Products team building powwow in Detroit (automotive supply chain) recently that Timothy Woods (the CFO) posted about on his LinkedIn page.
That's a fair idea, for sure.
Yes, ChiefZ, I noticed that as well. I am pretty sure that was NEW news - receiving the quota. That was an outstanding milestone item that I was looking for, for quite some time, and I had been wondering if there was a holdup or a strategic change... so was glad to see it in the 10-K!
My first thought was, why in the heck didn't we see a PR on that milestone achievement. But my second thought was, well we know from experience now that Isiah is systematically laying real foundation to what can be a massive multi-faceted and even vertical supply chain component to various large industries including beverage, automotive, construction and health care. He has not shown interest in pumping out news just to see stock price pops... yet. Mostly it's been about creating interest among buyers, distributors and executives up and down the supply chains. A slow process, but it appears to be working!
$OWPC Awesome hire! Great news!!
$OWPC Agreed, sello. All of what you wrote. Looking forward, massive ROI/growth potential!