---
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"
generated_at: "2026-06-06T21:19:08.812871+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# One World Products subsidiary OWP-Colombia files for insolvency reorganization under Colombian law

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.04, 1.03, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-003058
- JSON: https://secwatch.observer/filing/0001493152-24-003058.json
- Plain text: https://secwatch.observer/filing/0001493152-24-003058.txt

## Key facts
- Debt Financings
  One World Products, Inc. reported a default on loan of $300,000 with AJB Capital Investments, LLC.
  - Instrument: loan
  - Principal: $300,000
  - Counterparty: AJB Capital Investments, LLC
  - Event: default
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1622244/000149315224003058/0001493152-24-003058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.