Shifting Operational
Strategy in Colombia and Ramping Up Other Initiatives in Order to
Accelerate the Timeline to More Significant
Revenue
LAS VEGAS, NV -- September 11, 2024 -- InvestorsHub NewsWire
-- One World Products, Inc. (the “Company,”) (OTCQB:
OWPC), a fully-licensed hemp and cannabis producer, is
pleased today to provide the following shareholder update
letter.
Dear Valued Shareholders,
I write to you today with a deep sense of gratitude, pride, and
optimism. Gratitude for the unwavering dedication of our employees,
partners, and shareholders in supporting our journey so far, and
great optimism for the promising path ahead. Director Ken Perego
and I remain aligned with our shareholders, having invested $5
million of our personal funds into One World Products. Though our
progress has been slower than anticipated, we believe strongly in
the foundation we have built and are confident in our strategy for
generating and scaling revenue.
Automotive Industrial Hemp Update:
The automotive industry presents a substantial opportunity for
us, particularly as global OEMs target to incorporate 200 pounds of
renewable materials per vehicle. Our focus is on leveraging
industrial hemp to replace plastics and additives in automotive
applications. To drive this initiative, we have assembled a team of
experienced material and application engineers with over 60 years
of combined expertise at Stellantis.
We stand apart from many hemp startups by offering validated
products that have passed rigorous tests with our container
partner, ORBIS Corporation, and tier-one supplier, Flex-N-Gate,
both suppliers to Stellantis. Through our strategic partnership
with West Michigan Compounding, our materials can now be molded
into automotive component containers. We are also working on
substituting mica with hurd powder in protective plastic wraps used
for shipping, replacing glass fiber in brackets, and enhancing
decorative components in automotive interiors. With these
innovations, we remain optimistic about securing purchase orders in
the near future.
Pro-11 Update:
Pro-11, our premium CBD-enriched muscle rub, continues to
receive excellent feedback since its launch. The product’s success
is a testament to its high-quality blend of CBD, essential oils,
and natural extracts. As we continue to refine the Pro-11 brand, we
are expanding our product offerings, enhancing packaging, and
strengthening our distribution channels. Through strategic
partnerships, we are poised to scale operations both online and in
retail, catering to the growing demand for natural wellness
solutions. Our focus on refining brand identity and improving
customer experience will further elevate Pro-11’s market
presence.
Management and Operational Team Update:
We are thrilled to welcome Chris Wolven to our operational team.
With over 10 years of experience in the cannabis industry, Chris
has successfully scaled operations in previous roles, reaching
revenues of up to $30 million annually. Since joining One World
Products, Chris has quickly become an integral part of the team,
bringing valuable insight and strategic contributions across
multiple facets of the business. His work has already helped us
improve operational efficiency, streamline processes, and lay the
groundwork for sustainable growth. Additionally, we have refined
our management structure to enhance overall efficiency, reduce
overhead, and position the Company for long-term success.
Colombian Operations Update:
As we continue to refine our initiatives and operations in
Colombia, we are pleased to announce the acquisition of Petalo
Pharmaceutical SAS. This acquisition complements our transition to
an asset-light model, allowing us to focus on operational
efficiency while reducing overhead and capital expenditure. Our
strategy leverages new and existing partnerships and resources to
ensure flexible and scalable growth as market conditions
evolve.
We remain committed to diligently managing all aspects of our
current and future operations, ensuring that we adapt to changing
circumstances while preserving capital. By optimizing our approach
and focusing on sustainable growth, we are positioning the Company
to seize emerging opportunities and strengthen our foundation for
long-term success.
On the capital markets side, we will ramp up efforts to increase
visibility and attract new shareholders through press releases,
conferences, roadshows, and investor calls. We look forward to
keeping you updated as we continue to execute on our strategic
initiatives.
Sincerely,
Isiah Thomas
CEO of One World Products
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:
ClearThink IR
bloper@clearthink.capital
602-785-4120
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