One World Products, Inc. SEC filings document the formal reporting record of a Nevada corporation operating in hemp, cannabis and industrial hemp materials. Recent Form 8-K reports describe board composition, director appointments, officer departures, interim finance-function responsibilities, and other governance matters.
The company’s Form 12b-25 notices record delayed periodic reports under SEC reporting rules, including quarterly and other reporting deadlines. Together with periodic-report references, these filings provide formal disclosure on reporting status, corporate governance, officer roles, and public-company compliance obligations for OWPC.
One World Products, Inc. (OWPC) says its board and a holder of a majority of voting power approved amendments by written consent on September 18, 2026, to rename the company Isiah Enterprises, Inc. and increase authorized common stock from 300,000,000 to 1,000,000,000 shares. The amendments may be filed no sooner than the 20th day after the definitive information statement is distributed; both changes take effect upon filing with Nevada’s Secretary of State. Any additional shares, if issued, would be on terms set by the board.
As of September 18, 2026, 178,027,259 common shares were outstanding, and approximately 235,358,258 common shares were issuable upon conversion of Series A and Series B preferred stock; the company says these obligations already exceed the current authorization. FINRA approval is expected after the name change takes effect for it to be recognized for trading, and the common stock’s trading symbol will also change. The company says it has not filed its 2025 Form 10-K or its quarterly reports for the periods ended March 31 and June 30, 2026. Management and the company’s independent registered public accounting firm are working to complete the outstanding audit, and the company expects to file the reports as soon as practicable.
One World Products, Inc. (OWPC) entered into a strategic investment and commercial partnership with Los Gatos Tomato Products, LLC to develop engineered materials incorporating tomato pomace. Los Gatos is making a $125,000 strategic equity investment and has a non-transferable, 12-month option to invest up to an additional $125,000; the shares are restricted securities issued in a private placement.
Los Gatos will deliver qualified tomato pomace to One World Products’ Midland operation, with quantities agreed annually and acceptance subject to approved specifications. The parties agreed in principle to pursue an agricultural-bin program: Los Gatos expects to purchase at least 2,500 bins annually for an initial three-year term, with a possible two-year extension by mutual agreement. Purchases remain nonbinding unless a separate definitive agreement sets the commercial terms.
One World Products will use its formulation, testing, compounding and pelletizing capabilities to evaluate materials, and retains ownership of the formulations and manufacturing improvements it creates, subject to Los Gatos’s existing intellectual property rights. Three EcoBlend formulations have Stellantis material approvals; these approvals do not guarantee production awards or sales.
One World Products, Inc. reports that on July 23, 2026, Isiah Lord Thomas III, who holds a majority of the voting power of the company’s outstanding capital stock, acted by written consent under Nevada law to remove Dr. Kenneth L. Perego, II from the Board of Directors, effective immediately.
In connection with this removal, the total number of directors was reduced by two, from seven to five, eliminating both the vacancy created by Dr. Perego’s removal and a pre-existing vacancy so that the authorized number of directors now equals the number of directors currently in office.
One World Products, Inc. submitted a Form 12b-25 notification stating its Form 10-K for the fiscal year ended December 31, 2025 could not be filed on time because the audit of the 2025 financial statements was not completed by the prescribed close of business on March 31, 2026. The notice invokes Rule 12b-25 and indicates the company expects to rely on the relief procedures available under that rule.
One World Products, Inc. reported that board member and Interim Chief Financial Officer William P. Rowland resigned from the Board and all its committees, as well as from his role as Interim CFO, effective March 24, 2026. In his resignation letter, Mr. Rowland cited ongoing health issues and confirmed his decision was not due to any disagreement with the company’s operations, policies, or practices. The company’s Chief Executive Officer, Isiah L. Thomas, III, has assumed the duties of Chief Financial Officer on an interim basis until the Board appoints a successor.
One World Products, Inc. reported Q3 2025 results with net income of $5.3M, driven largely by a $6.0M bargain purchase gain from acquiring Eco Bio Plastics Midland’s plant assets. Quarterly revenue rose to $49,966 from Eco Bio’s operations, while OWP’s legacy business remained small.
For the nine months ended September 30, 2025, revenue was $51,619 and net income reached $4.7M, compared with a loss in the prior-year period, but the core business still generated an operating loss of $681,770. Total assets jumped to $6.6M from $68,300, mainly from the new plant, while the stockholders’ deficit narrowed to $(5.2M).
The company remains highly leveraged, with total liabilities of $7.1M, significant related-party debt, and cash of only $168,620. Management discloses negative working capital of $3.95M and an accumulated deficit of $26.1M, and states that these factors raise substantial doubt about its ability to continue as a going concern without additional financing and stronger sales.
One World Products, Inc. (OWPC) filed a Form 12b-25, notifying a late filing of its Form 10-Q for the period ended September 30, 2025. The company states the quarterly report could not be filed within the prescribed time without unreasonable effort or expense because the review of its financial statements for that period was not completed before the close of business on November 14, 2025.
The notification was signed by Chief Financial Officer William Rowland on November 14, 2025.
One World Products (OWPC) announced a board change. On October 17, 2025, the Board elected Ambassador Ertharin Cousin to fill an existing vacancy, adding her to the company’s directors. The company later issued a press release on October 21, 2025 to share the appointment publicly.
The press release was furnished under Item 7.01 and attached as Exhibit 99.1. The company notes this information is provided for Regulation FD purposes and is not deemed filed under the Exchange Act or incorporated by reference into other SEC filings.
One World Products, Inc. reported changes to its leadership structure. On September 25, 2025, the Board of Directors voted to expand the Board from three to seven members and elected three new directors, leaving one seat to be filled later. The new directors are Minyon Moore, a senior political and corporate strategist with extensive public policy and coalition-building experience; Timothy Woods, who previously served as the Company’s Chief Financial Officer and has a background in finance, consulting, and automotive retail management; and William Rowland, the Company’s Interim Chief Financial Officer, a seasoned financial consultant and Certified Public Accountant with broad experience in business advisory and complex project management. The Company stated that there are no family relationships among its officers and directors.
One World Products, Inc. (OWPC) reported condensed interim financials showing total assets of $226,200 and negative working capital of $3,198,254. The company recorded a six-month net loss of $521,582 and a net loss for the three months of $265,916. Common shares outstanding were 110,108,774 at June 30, 2025. Inventory was $12,434 at June 30, 2025, down from $16,226 at December 31, 2024.
The balance sheet shows mezzanine presentation of Series A and Series B convertible preferred stock (114,733 and 238,501 shares outstanding, respectively) with accrued Series A dividends of $286,246. Related-party notes payable totaled $2,586,176 with net notes payable related parties of $2,580,450 after discounts. The filing discloses a substantial doubt about the company’s ability to continue as a going concern and states the company may need to raise additional cash to fund operations.