One World Pharma, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:40 pm
Share
One World Pharma, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 42,323 compared to USD 60,786 a year ago. Operating loss was USD 645,304 compared to USD 4.382 million a year ago. Net loss was USD 753,194 compared to USD 4.393 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.09 a year ago. For the half year, sales was USD 65,605 compared to USD 60,786 a year ago. Operating loss was USD 1.599 million compared to USD 5.560 million a year ago. Net loss was USD 1.793 million compared to USD 5.581 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.12 a year ago.
One World Products, Inc. is a holding company and conducts its business in Colombia through One World Pharma, S.A.S., a Colombian company (OWP SAS), its wholly owned subsidiary. OWP SAS has the licenses to cultivate, produce and distribute the raw ingredients of the cannabis and hemp plant for medicinal, scientific, and industrial purposes in the town of Esmeralda-Popayan, Cauca, Colombia. Its business involves the cultivating, processing, and supplying crude cannabis oil, distillate and isolate to customer specifications. OWP SAS owns approximately 30 acres and has a covered greenhouse built specifically to cultivate high-grade cannabis and hemp. In addition, it has entered into agreements with local farming co-operatives that include small farmers and indigenous tribe members, under, which they cultivate cannabis on up to approximately 140 acres of land using the Company seeds and propagation techniques and sell their harvested products to the Company on an exclusive basis.