# EDGAR Filing Document

**Accession Number:** 0001622244
**File Stem:** 0001641172-25-017060
**Filing Date:** 2025-6
**Character Count:** 18465
**Document Hash:** bd08ef15e094c5c418310d472fda699d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-017060.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001641172-25-017060

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250630

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** One World Products, Inc.
- **CENTRAL INDEX KEY:** 0001622244
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 611744826
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56151
- **FILM NUMBER:** 251088870

**BUSINESS ADDRESS:**
- **STREET 1:** 6605 GRAND MONTECITO PKWY
- **STREET 2:** SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89149
- **BUSINESS PHONE:** 7026050605

**MAIL ADDRESS:**
- **STREET 1:** 6605 GRAND MONTECITO PKWY
- **STREET 2:** SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89149

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** One World Pharma, Inc.
- **DATE OF NAME CHANGE:** 20190125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUNTO GROUP, CORP.
- **DATE OF NAME CHANGE:** 20141014

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**<u>June 30, 2025</u>** (May 7, 2025)

Date of Report (Date of earliest event reported)

**<u>One World Products, Inc.</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-56151** | **61-1744826** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **6605 Grand Montecito Parkway, Suite 100**<br> **Las Vegas, Nevada** | **89149** |
| (Address of principal executive offices) | (Zip Code) |

---

**<u>(800) 605-3201</u>**

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On June 20, 2025, One World Products, Inc., a Nevada corporation (the ***"Company"***), entered into a CFO Consulting Agreement (the ***"Rowland Agreement"***) with William (Bill) Rowland, ASHE, CSI, CPA, pursuant to which Mr. Rowland will serve as the Company's Interim Chief Financial Officer effective July 1, 2025. The term of the Rowland Agreement shall extend for an as-yet undetermined period of time that is mutually agreeable to both the Company and Mr. Rowland, unless terminated by either party upon 30-days' notice. Under the Rowland Agreement, Mr. Rowland is to be compensated at the rate of $200 per hour, payable in arrears.

The foregoing description of the Peterson Employment Agreement is qualified in its entirety by the full text of the Rowland Employment Agreement, which is filed as Exhibit 10.1 to, and incorporated by reference in, this Current Report.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*<u>Chief Financial Officer</u>*. On May 7, 2025, Todd Peterson resigned from his positions as Chief Financial Officer, Secretary and Treasurer of One World Products, Inc. (the "Company"), effective June 30, 2025.

On June 20, 2025, the Company entered into the Rowland Agreement with William (Bill) Rowland, ASHE, CSI, CPA, who is to become the Company's Interim Chief Financial Officer effective July 1, 2025 (the ***"Rowland CFO Date"***). Until the Rowland CFO Date, Mr. Rowland is to provide financial consulting services with respect to pending Company transactions and other financial matters.

***William (Bill) Rowland*** is the principal consultant working as an independent contractor under W. P. Rowland Properties Corp (herein "WPRR"), (Arizona), also d/b/a "CDMone LLC," which he formed in 1984 and is its sole owner. Over the past 10 years, Mr. Rowland has provided services as an independent "Manager and Consultant" were provided through contracts with WPRR. The Management and Consulting services work he performed varied from advisory services across multiple industries, to in charge roles in numerous project initiatives to expand or re-position businesses including these major client assignments. Mr. Rowland is an expert in financial management of diverse enterprises, using his expertise as a Certified Public Accountant, experience in Business Advisory Services and Financial Management bolstered by his deep understanding of accounting, insurance, legal contracts, real estate acquisition, due diligence, operation processes, cost estimating, risk analysis and management of complex initiatives. Mr. Rowland is a graduate of Indiana University (BS), a past member of the American Institute of Certified Public Accountants (CPA), American Society for Healthcare Engineering (ASHE), Construction Specifications Institute (CSI), held Building and Engineering construction licenses from California to North Carolina and served on the American Arbitration Association Construction Industry Panel.

In conjunction with Mr. Rowland's appointment as Chief Financial Officer, the Company and Mr. Rowland entered into the Rowland Employment Agreement. In this regard, the information set forth under Item 1.01 is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) <u>Exhibits</u>.*

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [CFO Consulting Agreement dated June 20, 2025, between the Company and William (Bill) Rowland, d/b/a W.P. Rowland Properties Corp.](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **One World Products, Inc.** | **One World Products, Inc.** |
| Date: June 30, 2025. | By: | */s/ Isiah L. Thomas, III* |
|  |  | Isiah L. Thomas, III |
|  |  | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**CFO CONSULTING AGREEMENT**

CFO CONSULTING AGREEMENT dated as of June 20, 2025 (this ***"Agreement"***), between One World Products, Inc., a Nevada corporation (the ***"Company"***), and Bill Rowland, DBA: W.P. Rowland Properties Corp (the ***"Consultant"***).

WHEREAS, the Company desires to engage Consultant to provide consulting services, upon the terms and subject to the conditions hereinafter set forth; and

WHEREAS, Consultant has agreed to provide such consulting services, upon the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the above premises and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto agree as follows:

**1.** **Independent Consultant.** The Company hereby engages Consultant, and Consultant will serve the Company, as a consultant. During the term of
 this Agreement, Consultant will serve as the non-employee interim chief financial officer ( ***"CFO"***) of the
 Company on a part-time basis. The Company confirms that Consultant has been appointed as the interim CFO of the Company and will
 remain as an executive officer of the Company during the term of this Agreement.

**2.** **Duties, Term, and Compensation.** Consultant's duties, term of engagement, compensation and provisions for payment thereof are detailed
 in the attached <u>Exhibit A</u>, which may be amended in writing from time to time by Consultant and agreed to by the Company, and
 which collectively are hereby incorporated by reference.

**3.** **Expenses.** During the term of this Agreement, Consultant shall invoice and the Company shall reimburse Consultant for all reasonable and
 approved out-of-pocket expenses which are incurred in connection with the performance of the duties hereunder.

**4.** **Confidentiality.** Consultant acknowledges that during the engagement he will have access to and become acquainted with various trade secrets, inventions,
 innovations, processes, information, records and specifications owned or licensed by the Company and/or used by the Company in connection
 with the operation of its business including, without limitation, the Company's business and product processes, methods, customer
 lists, accounts and procedures. Consultant agrees that he will not disclose any of the aforesaid, directly or indirectly, or use
 any of them in any manner, either during the term of this Agreement or at any time thereafter, except as required in the course of
 this engagement with the Company. All files, records, documents, blueprints, specifications, information, letters, notes, media lists,
 original artwork/creative, notebooks, and similar items relating to the business of the Company, whether prepared by Consultant or
 otherwise coming into his possession, shall remain the exclusive property of the Company. Consultant shall not retain any copies
 of the foregoing without the Company's prior written permission. Upon the expiration or earlier termination of this Agreement,
 or whenever requested by the Company, Consultant shall immediately deliver to the Company all such files, records, documents, specifications,
 information, and other items in his possession or under his control.

**5.** **Conflicts of Interest; Non-hire Provision**. Consultant represents that he is free to enter into this Agreement, and that this engagement
 does not violate the terms of any agreement between Consultant and any third party. Further, Consultant, in rendering his duties
 shall not utilize any invention, discovery, development, improvement, innovation, or trade secret in which he does not have a proprietary
 interest. During the term of this agreement, the Consultant shall devote as much of his productive time, energy and abilities to
 the performance of his duties hereunder as is necessary to perform the required duties in a timely and productive manner. The Company
 acknowledges that this Agreement only obligates Consultant to serve approximately 60 percent of his working time with the Company
 (approximately 1,248 hrs annually), that Consultant has other commitments. Consultant is expressly free to perform services for other
 parties while performing services for the Company.

**6.** **Indemnification.** The Company agrees to defend, indemnify (including, without limitation, by providing for the advancement of expenses and reasonable
 attorneys' fees) and hold harmless Consultant for any and all acts taken or omitted to be taken by Consultant hereunder (except
 for bad faith, gross negligence or willful misconduct) as if Consultant was an officer of the Company as provided in the charter
 and bylaws of the Company in accordance with the same terms, conditions, limitations, standards, duties, rights and obligations as
 an officer. The provisions of this Section 6 shall survive any termination of this Agreement.

**7.** **Merger.** This Agreement shall not be terminated by the merger or consolidation of the Company into or with any other entity.

**8.** **Termination.** The Company may terminate this Agreement at any time by 30-days' written notice to Consultant; Consultant may terminate
 this Agreement at any time by 30-days' written notice to the Company.

**9.** **Independent Consultant.** This Agreement shall not render Consultant an employee, partner, agent of, or joint venture with the Company for
 any purpose. Consultant is, and will remain, an independent consultant in his relationship to the Company. The Company shall not
 be responsible for withholding taxes with respect to Consultant's compensation hereunder. Consultant shall have no claim against
 the Company hereunder or otherwise for vacation pay, sick leave, retirement benefits, social security, worker's compensation,
 health or disability benefits, unemployment insurance benefits, or employee benefits of any kind.

**10.** **Successors and Assigns.** All of the provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
 their respective heirs, if any, successors, and assigns.

**11.** **Choice of Law.** The laws of the State of Nevada shall govern the validity of this Agreement, the construction of its terms and the interpretation
 of the rights and duties of the parties hereto.

**12.** **Arbitration.** Any controversies arising out of the terms of this Agreement or its interpretation shall be settled in Dallas, Texas, in accordance
 with the rules of the American Arbitration Association, and the judgment upon award may be entered in any court having jurisdiction
 thereof.

**13.** **Headings.** Section headings are not to be considered a part of this Agreement and are not intended to be a full and accurate description
 of the contents hereof.

**14.** **Waiver.** Waiver by one party hereto of breach of any provision of this Agreement by the other shall not operate or be construed as a continuing
 waiver.

**15.** **Assignment.** Consultant shall not assign any of his rights under this Agreement or delegate the performance of any of his duties hereunder,
 without the prior written consent of the Company.

**16.** **Notices.** Any and all notices, demands, or other communications required or desired to be given hereunder by any party shall be in writing
 and shall be validly given or made to another party if personally served, or if deposited in the United States mail, certified or
 registered, postage prepaid, return receipt requested. If such notice or demand is served personally, notice shall be deemed constructively
 made at the time of such personal service. If such notice, demand or other communication is given by mail, such notice shall be conclusively
 deemed given five days after deposit thereof in the United States mail addressed to the party to whom such notice, demand or other
 communication is to be given as follows:

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| | |
|:---|:---|
| If to Consultant: | William (Bill) Rowland |
|  | 4521 E Desert Cove Ave. |
|  | Phoenix, AZ 85028 |
|  | bill@cdmone.com |

---

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| | |
|:---|:---|
| If to the Company: | One World Products, Inc. |
|  | Attn: Isiah L. Thomas, III, Chief Executive Officer |
|  | 2950 W. Square Lake Road |
|  | Troy, Michigan 48098 |
|  | isiah@owpv.com |

---

Any party hereto may change its address for purposes of this paragraph, by written notice given in the manner provided above.

IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.

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| | |
|:---|:---|
| **COMPANY:**<br>ONE WORLD PRODUCTS, INC. | **COMPANY:**<br>ONE WORLD PRODUCTS, INC. |
| By: | */s/ Isiah L. Thomas, III* |
|  | Isiah L. Thomas, III<br> Chief Executive Officer |
| **CONSULTANT:** | **CONSULTANT:** |
|  | */s/ William (Bill) Rowland* |
|  | William (Bill) Rowland DBA: W.P. Rowland Properties Corp. |

---

**SCHEDULE A**

**DUTIES, TERM, AND COMPENSATION**

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| | |
|:---|:---|
| DUTIES: | Consultant will perform all duties typically required of a Chief Financial Officer, including, but not limited to, accounting oversight, preparation of quarterly and annual financial statements and other filings as may be required and coordination with Company's independent public accountants with respect to quarterly reviews and annual audits, all subject to the provisions of Paragraph 5 of the Agreement. Monthly Budget $6,192 (60%x40hrs x4.3 wks).<br>Work prior to June 20, 2025 by Consultant will not be compensated. Work after June 19, 2025 on behalf of acquisition due diligence and establishment of accounting within the NewCo will be compensated as additional services and billed at the hourly rate. |

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Consultant will report directly to Isiah L. Thomas, III, Chief Executive Officer, and to any other party designated by Mr. Thomas in connection with the performance of the duties under this Agreement and shall fulfill any other duties reasonably requested by the Company and agreed to by Consultant.

TERM: This engagement shall commence upon execution of this Agreement and shall continue in full force and effect for a term mutually agreeable to both parties, unless terminated earlier by operation of and in accordance with this Agreement.

COMPENSATION:

As compensation for the services rendered pursuant to this Agreement, the Company shall pay Consultant $200.00 per hour in arrears, upon invoice delivered by Consultant to isiah@owpv.com.