Risk Factors Update Summary
- Losses increased from $52.6 million in 2022 to $56.3 million in 2023, accumulating a deficit of $142.5 million.
- Accumulated deficit rose significantly from $90 million to $142.5 million in 2023.
- The Company acquired FGH and Just Brands LLC, increasing acquisitive activity and potential litigation risks.
- The Company's inventory includes cannabis products with a shelf life, risking expiration and adverse effects.
- The Company faces risks related to fluctuations in raw material costs and availability.
- The Company's success depends on the evolving legislative and regulatory environment in the cannabis industry.
- The Company's ability to continue as a going concern is uncertain due to significant losses.
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=1790169&owner=exclude
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