Still no explanation on how the 1.6 million convertible note was handled, where the 100k down payment for the acquisition came from, or how the 750k note disappeared from the OTC certification. It would appear some substantial capital has come in. The only way I can see this happening, with no disclosure, and with being 45 days late on filing Q1 without getting moved to the expert market, is a reverse merger. An acquisition by itself won't hold off the regulatory obligations; only a reverse will. Isiah still taking shares of preferred at .15 vs taking commons at .02 says something as well. Haven't felt much hope here in a while but they were taking 2025 in 2022 soooo.

I think it's safe to say there is more to come.

All the shit that never happened and I still hold on to a little hope somehow.

I was looking into West Michigan Compounding, and though their revenue had been inching up over the life of the company, it was pretty consistently estimated at about 3.5 million for the last couple of years. That is, until earlier this year, when they announced an estimated an estimated 12 million for 2025. I crunched some numbers based on the amount of material they claim to be processing a year, and what the revenue increase would reflect. It would be almost identical to the 30,000 tonnes that Isiah said Stellantis would need by 2025. They also announced a new facility and that was shortly after OWP sold the crates to Flex and Gate.

Then there is the increase in authorized shares to 1 billion announced in a filing, but which hasn't been implemented yet, and supposedly a name change coming.

I don't know, I hate to get my hopes up for anything, but I decided to hold on to 1/2 million shares here, despite feeling like an idiot for doing so.

How is this still trading? Not only are they over a month late on the NT for the 10-K, but they never filed for a late 10-Q, which would also be late at this point.

What circumstances allows them to remain QB when every other stock I have seen late on the NT deadline is moved to expert the first day after?

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.

A name change is coming. Could it come with a merger, please?

Isiah issued an investor update yesterday. I did not get a notification email which is unusual.

https://finance.yahoo.com/news/one-world-products-isiah-thomas-123000967.html

Well, no sign of any conversions and we are 5 days out. I guess expecting an 8-k is too much to ask. Thomas mentioned that no one wants to help out someone at the bottom and that sometimes you just have to do it yourself. Maybe that's what he did.

Nasdaq? $4.00 a share? Seriously? HTF does he even spew that BS with a straight face? 1.6 million in notes will reach maturity in 14 days. Unless they take major action quickly, this will be lucky to hold .005 with the conversions.

I am inclined to believe Isiah had something big to get the majority shareholders to relinquish control and give Thomas voting rights but damned if I can see it saving this from some serious pain in the short term.

Hope for the best, expect the worst. SMH

There is no change in the share structure. I was surprised considering the volume last week.

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.

Now doing business as OWP SAS. Also OWP Plastico SAS. They may be about to come out of this restructure in good shape. They aren't saying anything about it, but they don't have to, they have deconsolidated until the effective date. They did say in the filings that the new company and the balance sheet will not resemble the old company.

Alright back to work.

I just had to step away. The shareholder letter before this one said 4th quarter before any expected operations. They weren't saying shit. I haven't had much to say but I haven't sold a share in over a year, I added 350k at a .035 average on the last dip.

I had to go back to work after 5 1/2 years of living off trading! That was tough but the OTC market went to hell and that's all I have ever traded, all I knew. I have been caught up in rebuilding a business for the last year or so I can't post all day like the old days.

Just waiting to see what happens here.

Hopefully, they start talking more as promised in the letter and more important maybe they finally start making some damn money!

In the 10-q. They were commitment shares for an extinguished loan.

10 million+ shares taken back.

"We have completed the acquisition of a new colombiam subsidary."

This was supposedly going to be a renevue generating company that is fully licensed and operational.

Maybe we can get some specifics when the public float is 10 million.

Meanwhile, the public float has gone from 37 million in November to 23 million in May. Almost looks like they want retail to sell.

I wonder what the deal is with 104,329,919 outstanding listed as of 5/21 and 5/22 on the 10-k and OTC certification. Thatt's a little over a 10 million share reduction from Monday's TA update.

This is so bizarre. There is no other company that missed the NT grace period that isn't on the expert market now. Unlike previous inquiries to OTC Markets they will not respond as to why. It used to be that a major action like a merger or acquisition could be exempted but there is nothing in the new law that states that. Unless it is the SEC itself holding up or reviewing something this just makes no sense. The damn 10-q is due tomorrow. I guess they just add it to the list of what they need to file along with the 10-k, an amended S-1, an 8-k amendment, as well as QB certification. Seriously WTF?

Way outside of the grace period and not on the Expert Market. Other companies got moved on the 17th. There are likely extenuating circumstances that are keeping the SEC and OTC at bay but I can't imagine they allow much longer. Time to get this thing closed and disclosed!

Add the $400k commitment from Marley, the $500k commitment from Isiah, and who knows what other arrangements and we may have the cash portion of the acquisition. I imagine the bulk of the purchase price will be in equity shares.

Secured by assets? What assets? The only assets we know of are the assets held in the reorganization/bankruptcy they are currently in.

Maybe NEW assets? Is the acquisition already effectively done?

The pre-funded warrants are a risk to the lender as there is no guarantee the exercise price will be reached and the warrants could expire. We won't know the exercise price until the amended filing but it shows confidence from the lender. It also defers ownership so the lender can exceed the 10% ownership clause.

All looks good to me. A note also that all the previous loans with AJB capital were settled without default and without issuance of shares. The only shares converted were the commitment shares.

Yes, I'd say a nice little bridge loan and the fact that it was made to OWP while in bankruptcy proceedings, albeit reorganization, of their only functioning business I would say we are definitely about to get some good news here.

Moldmaster SAS is now listed at the same address as Cannabis Company Group. I'm sure it's just a coincidence that an injection molding company, now advertising for bioplastics, is at the same location as what appears to be OWP's target acquisition.

Still a whole lot of shares unaccounted for. From what I can see they wiped out the majority if not all of the debt here. Even McCabes $750k can be justified with the form 4's. That is all before another 15 million was added over the last two weeks with no filing yet to justify the shares. They stated on an S-1, which is not a place to make shit up, that they were in the process of an acquisition. These can't be S-1 shares as they are to be free and clear, not restricted. Did they just sell some for acquisition funding. New ownership shares? It would be nice to get a little clarification of what is going on.

Let's see what these were for. That last round should have wiped out most of the debt. More than ready for this merger to get done!

I got my pro-11. I don't have a lot of experience with muscle rubs but have used prescription lidocaine patches and this seemed comparable to those. Not that I think this product is going to their primary source by any means, but it is good to see a solid, seemingly effective product. Shipping was 6 days.

Thanks, I hadn't been keeping up that closely. All sounds much better than most. I hope I have identified this incoming company correctly because if it is who I think it is we are going to have a major revaluation here.

All but a few restricted

Acquisition execution in progress

8 pm last night.

They reset the clock on pro11. Now set for 1 pm today.

Next product on stand-by...

Having a product about to be available in the US has a lot of implications—production capability, logistics, export and import approval, and execution. OWP cannot deliver anything independently as their processing equipment is in a shared warehouse. The only way they pull this off is through the "acquisition in progress".

I believe Sommers and his group of investors built a functioning company privately with the intent to merge into OWP. They will hold publically tradeable shares in both the US market through OWP and in the Colombian market through the subsidiary. Pretty common structure among many of the larger cannabis companies.

It is about to be known, IMHO.

Yeah, with today's PR and a production countdown, I'd say we are about to see a definitive 8k. Remember they have already said they are acquiring a revenue-generating company. If it is the one that fits the descriptions it is already at 17 million a year. IF that is the case we are going to see a dramatic reevaluation here. I would say 500% or better just to hit a flat, no multiplier.

KX is committing $400k, Isiah has committed to another $500k, Smokies, Runtz, Stellantis?

LFG!!!

I have a good feeling about this week,

The screenshot was a copilot response on the first page of a search for "cannabis company group was" on edge. I have not gotten that result since. All speculation on my part as far as this being the company they are about to merge with. I spent a good bit of time researching but still, just speculation,

Hopefully, what they meant by " closing" in 4-6 weeks was reaching a definitive agreement. It would make sense, from an accounting perspective to make it official at the beginning of the second quarter rather than the end of the first. If that is the case then there would be a filing here in the next couple of weeks.

2 weeks since the S-1 was made effective and no sign of any shares issued.

Money did some calculations on where the S-1 would need to be executed to bring 10 million and going from my memory I think it was around .60 maybe. If this is the company they are merging with a flat price-to-earning, zero multiplier, would put this at .25 so .60 would not be at all unrealistic.

Not a whole lot of faith in Isiah's ability to execute but Joerg Sommers is a whole different level of leadership and he's the one executing now. Very confident he knows what he's doing.

It is getting more interesting. Suddenly more information is coming up for Cannabis Company Group. As I had said the asset to debt, net value is 2.5 million but now they are listing revenue at 17 million. I have to speculate as to why they are suddenly disclosing revenue publicly when they were not just a couple of weeks ago.



The other thing newly disclosed is that "Cannabis Company Group" is not a company, it is a trade name. This entity was set up as "Razon Social". It is a form of establishing an entity specifically for a future partnership or subsidiary.

Set up with a simplified joint stock company structure, investors in CCG own the controlling interest and also have a platform to trade their shares in an open market with other accredited investors in Colombia.

Sommers has been an advisor here since 2020. CCG was established in late 2021. It looked like this was going to happen a year ago but it fell through. Sommers came in, now as president, and canceled the equity offering, which was likely the issue, and now after some changes in the terms the offering is not only resubmitted but accepted within 2 weeks.

I have to wonder if Sommers formed a group of investors to establish CCG, knowing that they would ultimately own shares tradable on the Colombian market as well as shares in OWP upon completion of the acquisition. The S-1 would provide additional capital but like you have said, intended to be executed at a much higher share price, which would be inevitable upon completion of the merger and likely other contracts already in the works.

Been a long ride, hopefully, we are rewarded well for our patience.

Yep

Think I might have found the acquisition target. Cannabis Company Group SAS checks all the boxes.
 
Very close to El Dorado Airport.

Has all the licenses for cannabis but also chemical and botanical compounding which is in line with the cosmetic products.
 
Established under the relatively new  "simplified joint-stock company" in 2021. 

Net value, which might be outdated was 2.5 million which makes it a realistic target.  

Looks like they have fully established. Thus immediate revenue and much easier to install additional equipment, OWP's, in an already certified operation rather than start from scratch.

During an AI search for more information on the company AI linked three web addresses, Bloomberg, Duns and Bradstreet, and American Cannabis Consulting. I could not find the connection but just the fact that ACC is Terry Buffalo's former company raised an eyebrow. 

This was interesting....

The principal-agent of Cannabis Company Group SAS is Mónica Andrea Perico Roldan. She is a B2B coordinator. For the last 8 months, she has been working for a company called Grupo Emi. This is a large telemed company that operates throughout Latin America. might be setting up a medical mj supply chain with this subsidiary, in addition to OWP's product contracts.

All speculation here but I looked at nearly all the cannabis operations in Bogata and this one seemed the most viable. Many of the others are already subsidiaries of larger companies, Canadian and US, and the others don't support what OWP has described.

Hoping for an 8-k in the very near future. They said on the 22nd that they expected to close in 4-6 weeks which would only leave 8 days if the abide by the SEC 30-day notice.

Nice! They must be looking at acquiring a substantial existing operation to reach those price targets. They made it clear in the S-1 that they are in process.

"We are in the process of acquiring another Colombian subsidiary within the Bogota free trade zone, which has all requisite licenses for the cultivation, production, distribution and export of cannabis and hemp infused products, and will serve as the Company’s primary base of operations in the Colombian market. Establishing operations within the free trade zone provides favorable import/export commercial terms and taxation, and will improve logistics and the overall operating efficiencies for the Company due to the close proximity of El Dorado International Airport and the commercial, economic and cultural center of the city of Bogota itself."

They said in the earlier 8-K that it was expected to close in 4-6 weeks. Now we just need to find out the who.

Next up, 8-K definitive agreement.

A little info on 1116 law in Colombia. According to this writer it is widely used and has had positive results. If you can use something to your advantage, why not? I like the last line.

"The impact of Colombia’s innovative emergency regulations, however, can already be seen; reorganization proceedings, which once took around 20 months, can now be completed in five months or less. While there is still only a small case sample to judge from, the signs, so far, are positive, and some measures may yet become a permanent part of Colombian law."

https://content.clearygottlieb.com/corporate/emerging-markets-restructuring-journal-2021/columbian-bankruptcy-law-amid-the-covid-19-pandemic/index.html

Worth a quick read.

Yeah, if it wasn't for the FD disclosure at the end, the fact that a AJB waived their $300,000 conversion right under default (which they could have made a whole lot of money from), and that an insider has been sucking up shares, sure.

This reorganization petition appears to be a temporary stay, to protect assets until their intended acquisition which, according to the FD, is four to six weeks from completion.

The reorganization and continuing operations of OWP-Colombia will not impact the efforts of the Company to operationalize the partnership and distribution agreements with Smokiez Edibles and Kx Family Care, which are coordinated and managed through the Company’s U.S. team while allowing for local implementation.

"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."

Isiah is the CEO, the guy who has a vision. Joerg Sommers is the President, the guy who makes it happen. Funny, I just noticed this week that Sommers now has his OWP President listed (which it hasn't been since his hiring was announced in June) and it is listed as full-time. They have a C-level executive here. He knows how to get things done, that's why he's here.

If they have set up an acquisition then this reorganization petition prevents debtors from petitioning the court for settlement and potentially obstructing the completion of the acquisition. If they are saying 4+6 weeks then another form 8 with a Letter of Intent should come within 2 weeks to meet the required 30-day rule.

Looks like safe legal protection before the execution of their business plan.

The filing of the Restructuring Petition constituted an event of default that could have accelerated obligations under a promissory note in the amount of $300,000 which AJB Capital Investments, LLC (the “Lender”) advanced to the Company on June 23, 2023. Effective as of December 21, 2023, the Lender signed a letter waiving any events of default based on the filing of the Reorganization Proceeding, which waiver will continue until OWP-Colombia emerges from and/or the Reorganization Proceeding is terminated as determined by an order of the court.

With the default conversion price that is a minimum of nearly 12 million shares they could sell but it would end up being a lot more than that though because they would drive the price down, set a new low, and convert on the rebounds, over and over, and over... They could easily make a million if not a couple. They waived the right.

The S-1 with Tysadco Partners, LLC was rescinded in July of 2023, about a month after Joerg Sommers took his position. I would suspect another S-1 coming and that AJB may be involved. By acquiring an established revenue-producing operation first, an equity offering should hold more value. More capital for less equity. Some C-level stuff.

Remember Sommers has some very nice incentives to complete an equity offering.

McCabe's actions speak for themself.