🟢 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 burning experiment — not a profitable enterprise (yet).
📊 Balance Sheet & Cash Flow
| Metric | Value |
|---|---|
| 💰 Cash | $112.9M |
| 🧾 Total Assets | $681.5M |
| 💳 Total Liabilities | $177.9M |
| 🧮 Equity | $503.5M |
But with $133.7M burned in operating activities in FY24…
They’ve got 10–12 months runway left unless they raise more.
🔮 EduInvesting FV Estimate (2026–27)
We’re being charitable here:
- Target future EPS (IF they flip profitable): $0.80–$1.00
- Valuation multiple (AI + ESG + LatAm Premium): 20–25x
- 🎯 Fair Value Range: $14–$22
Caveat: You’re buying into a vision, not a balance sheet.
🧠 EduInvesting Take
“One World Products is like if Patagonia met Tilray and got mentored by WeWork.”
They say all the right things — ESG, hemp, emerging markets, innovation — but FY24 looks like a Netflix drama where nobody makes money until Season 3.
This is not a play on earnings. This is a spiritual investment.
⚠️ Red Flags
- 🚩 SG&A too high for this revenue level
- 🚩 No profitability roadmap
- 🚩 No visibility into next 12 months growth
- 🚩 Cash burn rate is scary
- 🚩 Business still looks… experimental
🎓 Final Report Card
| Category | Grade | Notes |
|---|---|---|
| Revenue Model | C | Exists, but weak |
| Profitability | F | Titanic tier loss |
| Innovation Spend | A- | Heavy R&D, for better or worse |
| Burn Rate Control | D | Needs CFO intervention |
| Strategic Narrative | A | They sound great on paper |
Until we see a quarter with actual net profit, this is not a business — it’s a nonprofit with cap tables.
Tags: One World Products FY2024 Results, OWPC 10-K Highlights, Cash Burn Tech Stocks, ESG Cannabis Stocks, AI x Hemp, Balance Sheet Breakdown, EduInvesting Roast
Author: Prashant Marathe
Date: June 4, 2025
