One World Products Inc (OWPC)

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The $35,000 downpayment on yet more equipment is more than likely for bioplastics production, just based on who the loan came from, LDL8 consulting which is Larry Lyons. Yet another automotive veteran with experience with both GM and Chrysler.

On August 18, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., issued a Secured Promissory Note in the amount of $35,000 to LDL8 Consulting, LLC, for a deposit on the purchase of equipment from another vendor. The Secured Promissory Note is secured by all of the Company’s assets, carries a 10% interest rate and is due on August 18, 2024. In the event of default, the interest rate increases to 25% until repayment.

Larry Lyons has more than four decades of experience in the automotive industry. Prior to retiring, Larry concluded his career at Chrysler where he was vice president of core components, process, and international engineering, following his role as product team vice president, responsible for cars and minivans. Previous to Chrysler, Mr. Lyons enjoyed an expansive 34-year career at General Motors where his work was focused primarily on product development.