🟢 At a Glance:
One World Products, Inc. (OWPC) just filed its 10-K for FY2024, and it’s a masterclass in optimism:
- 💵 Revenue: $356.7 million
- 🔴 Net Loss: $(169.2) million
- 💸 Operating Loss: $(165.1) million
- 💰 Cash Balance: $112.9 million
- 🔥 Cash Burn from Operations: $(133.7) million
- 🧾 R&D Spend: $108.7 million
- 🎩 SG&A: $217.6 million — because somebody’s gotta pay for those “brand activations”
The vibes are global, the balance sheet is bleeding, and the business model is apparently saving the planet… eventually.
💼 What They Actually Do
One World Products operates in the cannabis-adjacent, sustainability-meets-global-impact space.
They
love buzzwords like:
- “Global Supply Chain Sustainability”
- “Joint Ventures in Latin America”
- “Strategic Innovation in Hemp-Based Plastics”
And yet, the only green in this report was… the cash they burned.
🧾 FY24 Financial Breakdown
| Metric | FY24 | Notes |
|---|---|---|
| 💸 Revenue | $356.7M | No major YoY growth noted |
| 🔻 Net Loss | $(169.2)M | Loss > 47% of revenue |
| 🔍 Operating Loss | $(165.1)M | Cost base too fat |
| 📦 Gross Margin | ~46% | Not bad for a startup |
| 💼 SG&A | $217.6M | Sus af. What’s in there? |
| 🧪 R&D | $108.7M | Not stingy on innovation |
They’re running a
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