One World Products, Inc. is a company focusing on selling CBD products derived from hemp in the US and developing hemp-based automotive solutions, with minimal ongoing operations due to liquidation activities.

# Company Summary

## Overview
- **Company Name:** One World Products, Inc. (formerly One World Pharma, Inc.)
- **Principal Office:** 6605 Grand Montecito Pkwy, Suite 100, Las Vegas, Nevada 89149
- **Telephone:** (800) 605-3210
- **Employees:** 2 full-time employees (as of December 31, 2024)

## Business Operations
- **Core Business:**
  - Sale of cannabidiol (CBD) products derived from hemp in the United States.
  - The primary product currently sold is **Pro-11**, a CBD-based product.
  - In early 2024, the company began redesigning packaging and focusing resources on marketing Pro-11.
  - Development of **industrial hemp solutions** targeting the automotive industry.
    - Developed hemp-based molded containers for automotive part packaging.
    - Received an initial order for 1,400 reusable totes for automotive supply chain applications.

- **Historical Operations:**
  - Prior operations involved cannabis cultivation and processing in Colombia.
  - Engaged in cultivation activities in Colombia with a farm in Popayán, which is now being liquidated.
  - As of late 2023 and through 2024, the company's Colombian subsidiary (OWP SAS) filed for reorganization and then liquidation proceedings. OWP SAS has no revenue-producing operations currently.
  - The company focused on completing liquidation, resolving litigation, and asset liquidation.

## Financials
- **Revenue:** Not specified; currently minimal or none due to liquidation activities.
- **Net Losses:**
  - For the year ended December 31, 2024: **$3,935,012**
  - For the year ended December 31, 2023: **$3,953,321**
- **Total Accumulated Deficit:** 
  - As of December 31, 2024: **$30,864,698**
  - As of December 31, 2023: **$26,929,686**

## Regulatory & Litigation Status
- Actively sells CBD product in the U.S. compliant with the 2018 Farm Bill (THC not exceeding 0.3%).
- Colombian subsidiary is under liquidation proceedings—no active revenue from Colombian operations.
- The company is involved in multiple legal disputes in Colombia, with potential liabilities estimated at approximately **$310,000**.

## Recent Developments
- Began sales of Pro-11 CBD product in March 2024.
- Focused on research and development of hemp-based solutions for the automotive industry.
- Developing and testing hemp-based molded containers, receiving initial order quantity of 1,400 units.

---

*Note:* The company is currently in a liquidation phase with minimal ongoing operations and limited financial activity.

One World Products, Inc. is a cannabis and hemp cultivation and distribution company focused on high-quality production for medical and industrial uses globally, primarily through its subsidiary in Colombia.

# One World Products, Inc. - Company Overview

## Business Overview
One World Products, Inc. is primarily engaged in the cultivation, production, and distribution of cannabis and hemp plant ingredients for both medical and industrial uses globally. The company's operations are conducted through its wholly-owned subsidiary, One World Pharma S.A.S. (OWP SAS), located in Colombia.

### Establishment and Development
- **Date of Incorporation**: OWP SAS was incorporated on July 14, 2017.
- **Licenses**: OWP SAS has received multiple licenses from the Colombian government, enabling them to cultivate, produce, and distribute cannabis and hemp derivatives for medicinal, scientific, and industrial purposes.

### Facilities
- **Cultivation Site**: Their first cultivation site was established in Popayán, Colombia, encompassing approximately 30 acres, equipped with a specialized greenhouse for high-grade cannabis and hemp cultivation.
- **Additional Land**: The company operates in collaboration with local farmers cultivating cannabis on up to 140 acres.

## Products and Services
- **Main Offerings**: The company focuses on producing and supplying crude cannabis oil, distillate, and isolate tailored to customer specifications. They aim to sell their products to industrial companies for further processing into cannabis-related products.
- **Product Pipeline**: Plans include:
  - Export of CBD flower and distillate oil by 2024.
  - Development of wellness products including CBD infused coffees, teas, energy drinks, and skincare products.
  
### Distinct Cannabis Strains
- OWP SAS has registered **25 varieties of cannabis** with the Colombian government, including:
  - **3 Non-Psychoactive Strains** for human consumption.
  - **8 Psychoactive Strains** registered as of December 2020.

## Financial Performance
- **Revenue Generation**: The company reported revenues starting in the second quarter of 2020.
- **Salary Investment**: An investment of approximately $1,400,000 was made for a state-of-the-art distillation machine, indicating commitment to high-quality production.
- **Financial Losses**: For the years ended December 31, 2023, and 2022, the company incurred net losses of **$3,953,321** and **$3,059,477** respectively.
- **Accumulated Deficits**: The accumulated deficits as of December 31, 2023, totaled **$26,929,686**.

## Operations and Employees
- **Number of Employees**: As of December 31, 2023, the company had **10 full-time employees**.
- **Customer Base**: While specific numbers regarding customers are not disclosed, the company plans to establish **commercial agreements** for white-label products both domestically and internationally.

## Recent Developments
- **Reorganization Proceedings**: On December 22, 2023, OWP SAS filed for protection under Colombian Law 1116 of 2006 (similar to Chapter 11 in the USA) to restructure its debts amid operational challenges.
- **Strategic Partnerships**: In late 2023, strategic partnerships were initiated to distribute products in Latin America, including Smokiez Gummies and Kx Family Care products.

## Conclusion
One World Products, Inc. is positioning itself within the emerging cannabis market, emphasizing high-quality production through regulatory compliance and strategic partnerships. With an established facility and several licenses, the company aims for substantial growth, despite facing financial challenges and the volatility of the cannabis industry.

One World Products, Inc.

10-K / June 3, 2025

10-K / May 23, 2024

10-K / June 3, 2025

Company Summary

Overview

Business Operations

Financials

Regulatory & Litigation Status

Recent Developments