{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-003058","form_type":"8-K","ticker":"OWPC","cik":"0001622244","company_name":"One World Products, Inc.","filed_at":"2024-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.844141+00:00","generated_at":"2026-06-06T21:19:08.812871+00:00","sec_items":["1.01","2.04","1.03","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"One World Products subsidiary OWP-Colombia files for insolvency reorganization under Colombian law","bullets":["OWP-Colombia filed for reorganization under Colombian Law 1116 on Dec 22, 2023, with ~$1.2M in past-due obligations.","Filing triggered default on a $300K promissory note to AJB Capital, which has waived the default during proceedings.","Company intends to continue normal operations subject to court approval; plans to acquire a Bogota Free Trade Zone subsidiary within 4-6 weeks.","Partnerships with Smokiez Edibles and Kx Family Care will continue unaffected by the reorganization."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-003058","json":"https://secwatch.observer/filing/0001493152-24-003058.json","markdown":"https://secwatch.observer/filing/0001493152-24-003058.md","text":"https://secwatch.observer/filing/0001493152-24-003058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622244/000149315224003058/0001493152-24-003058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622244/000149315224003058/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:19:08.812871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35fe300f5c1294c76a6a266ea5aaeaf7d1e08c86","claim":"One World Products, Inc. reported a default on loan of $300,000 with AJB Capital Investments, LLC.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622244/000149315224003058/0001493152-24-003058-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$300,000"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}