Risk Factors Update Summary
- Strategic transformation plan announced in March 2023 includes workforce reduction of 21 employees (9%).
- Transition to distributor model in Canada and South Korea may negatively impact operating results.
- Potential loss based on asset sale agreements in South Korea and Canada due to difference in net book value.
- Increase in minimum wage could harm operations; growth depends on successful new store openings.
- Transition to distributor model may result in expenses and charges affecting financial condition.
- Failure to maintain relationships with Allgood Collective Ambassadors could impact brand loyalty.
- Litigation risks, including securities class action lawsuits, could result in significant costs and legal fees.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1653909&owner=exclude
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