Risk Factors Update Summary
- Expanded risks to include "pandemics" and "epidemics" beyond COVID-19, now including new variants.
- Added potential dividend payment on preferred shares starting at 8% per annum, growing to 16% per annum.
- Increased total outstanding indebtedness from $652 million to $1,008 million as of January 31, 2024.
- Added Florida to the regional risks due to store concentration, now including Texas and Florida.
- Increased the number of manufacturers and distributors from approximately 120 to 200.
- Increased the number of retail stores in Florida from 75 to 138.
- Reduced total inventory purchases from suppliers from 69% to 67% in fiscal year 2024.
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.
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