Rainmaker Worldwide Inc.

What they do

Rainmaker historically commercialized energy-efficient freshwater production and purification technologies, primarily Air-to-Water systems that extract water from humidity, plus solutions converting contaminated or seawater into potable water. It formerly operated through Ontario-based subsidiary Rainmaker Worldwide Inc. (RWI), established 2014. RWI acquired a 60% stake in Miranda Environmental and Water Treatment Technologies in January 2024, and RAKR markets Miranda products through distribution agreements with RWI, mainly in Mexico and the United States. The Company operates through consulting agreements with executive personnel and senior advisors, with future sales expected to be driven by independent distributors and project developers.

Revenue drivers

• Miranda water treatment distribution — RAKR markets Miranda Environmental and Water Treatment Technologies products under distribution agreements with RWI, primarily for Mexico and the United States, and may expand into Central and South America. This is the core stated commercial activity following RWI's January 22, 2024 acquisition of 60% of Miranda.
• Atmospheric Water Generator (AWG) systems — Historically the Company's patented technology, AWG systems extract water from humidity; the 10-K describes the Company as specializing in these systems for communities and industries.
• Desalination and contaminated water treatment — The Company offers solutions to convert contaminated or seawater into potable or reusable water; no separate revenue figures are disclosed for this line.
• RAKR Mexico S.A. de C.V. (RMEX) — Formed June 2025 with a local partner (partner 56%, RWI 25.5%, Company 18.5%) to pursue water and renewable-technology opportunities in Mexico; as of September 30, 2025, RMEX had not commenced operations other than minimal administrative activity and the equity-method investment had no recognized gains, losses, or carrying value.

Recent performance

Revenue was $143,725 for the year ended December 31, 2024, up from $78,912 for 2023, but quarterly revenue for the period ended September 30, 2025 fell to $34,250 from $143,725 in the comparable 2024 period. Net losses were $1,056,242 in 2024 and $1,229,753 in 2023, a 14% reduction year over year, driven by consulting and stock option expenses plus interest expense, debt discount amortization, loss on equity method investment, and impairment. At September 30, 2025, total assets were $104,189, total liabilities were $13.1 million, shareholder equity was negative $13.2 million, and cash and equivalents were $0.00. Operating cash flow improved from negative $139,762 in 2023 to negative $49,890 in 2024. The Company impaired its investment in RWI to zero after its ownership was diluted to 13.65% in the December 31, 2024 restructuring, later 12.38%.

Strategy

RAKR continues to rely on distribution rights for Miranda products in Mexico and the United States, describing the water infrastructure sector as having long sales cycles tied to permitting. It impaired its RWI equity investment to zero while retaining those distribution rights, and RWI reduced its stake in Rainmaker Holland B.V. to 5% via a Rainmaker Holding B.V. roll-up, with RAKR retaining cost-plus access to RHBV technology. In June 2025 the Company formed RAKR Mexico S.A. de C.V. with a local partner to pursue water and renewable-technology opportunities in Mexico. Management states it is pursuing business development across North, Central, and South America and the Caribbean, positioning itself as a full-service water delivery partner for medium-sized communities, developments, and industrial/commercial applications.

Risks

• Going concern — The independent registered public accounting firm's opinion on the Fiscal 2024 financial statements includes a going concern explanatory paragraph, and management warns this may make parties reluctant to extend trade credit or raise capital.
• Negative equity and no cash — At September 30, 2025, total liabilities were $13.1 million against total assets of $104,189, shareholder equity was negative $13.2 million, and cash and equivalents were $0.00.
• Limited operating history and unproven sales strategy — The Company states it has limited operating history, an unproven marketing and sales strategy, and has generated limited revenue to date, with results dependent on factors including weather, foreign economies, government relationships, and water regulation.
• Reliance on RWI and distribution rights — RAKR's commercial activity depends on distribution agreements with RWI for Miranda products after impairing its RWI investment to zero and seeing its ownership diluted to 13.65%, later 12.38%.

Outlook

Management describes the water infrastructure sector as having long sales cycles often contingent on timely permitting for water treatment projects, which can delay revenue realization. The Company expects future sales to be heavily driven by independent distributors and project developers rather than direct selling. It intends to expand Miranda distribution beyond Mexico and the United States into Central and South America and to develop opportunities in North, Central, and South America and the Caribbean. The June 2025 formation of RAKR Mexico S.A. de C.V. is intended to pursue water and renewable-technology opportunities in Mexico, though that entity had not commenced operations as of September 30, 2025.