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Risk Factors of the Annual Report.
−Removed: Any of the matters highlighted in the risk factors described in the Annual Report could adversely affect our business, results of operations and financial condition, causing an investor to lose all, or part of, its, his or her investment.
−Removed: The risks and uncertainties described in the Annual Report are those we currently believe to be material, but they are not the only ones we face.
−Removed: If any of the risks described in the Annual Report, or any other risks and uncertainties that we have not yet identified or that we currently consider not to be material, actually occur or become material risks, our business, prospects, financial condition, results of operations and cash flows and consequently the price of our securities could be materially and adversely affected.
+Added: Any of the matters highlighted in the risk factors described in the Annual Report and the risk factors below could adversely affect our business, results of operations and financial condition, causing an investor to lose all, or part of, its, his or her investment.
+Added: The risks and uncertainties described in the Annual Report and below are those we currently believe to be material, but they are not the only ones we face.
+Added: If any of the risks described in the Annual Report, the following risk factors, or any other risks and uncertainties that we have not yet identified or that we currently consider not to be material, actually occur or become material risks, our business, prospects, financial condition, results of operations and cash flows and consequently the price of our securities could be materially and adversely affected.
+Added: Risks Related to Operations in Israel
+Added: Conditions in Israel could materially and adversely affect our business, financial condition, and results of operations.
+Added: We have operations in Israel through a strategic joint venture, Cronos Israel.
+Added: On October 7, 2023, Hamas terrorists from the Gaza Strip launched a rocket barrage against Israel and engaged in incursions into Israeli territory, breaching the Gaza-Israel border, attacking military bases and slaughtering and kidnapping civilians in neighboring Israeli communities.
+Added: Israel formally declared war on October 8.
+Added: The Israel-Hamas War may escalate, including due to an eruption of fighting between Hezbollah and Israel across Israel’s northern border, which would open a second front in the war, and may result in a broader conflict across the Middle East.
+Added: The Israel-Hamas War (and any escalation) and any resulting regional political instability or interruption or curtailment of trade between Israel and its trading partners would likely materially and adversely affect our business, financial condition, and results of operations.
+Added: Our employees, including certain members of our management, operate from our offices located in Gan Shmuel, Israel and our manufacturing facilities located in Hadera, Israel.
+Added: While our facilities have not been damaged by the war, rocket attacks continue, and our facilities could be damaged or destroyed.
+Added: Imports into Israel have been severely restricted by the war, and we may be unable to import materials into Israel.
+Added: Further, our sales have been, and likely will continue to be, adversely affected by the war.
+Added: Our commercial insurance does not cover losses that may occur as a result of events associated with war and terrorism.
+Added: Any losses or damages incurred by us could have an adverse effect on our business, financial condition, and results of operations.
+Added: Further, in the past, the State of Israel and Israeli companies have been subjected to economic boycotts.
+Added: Several countries still restrict doing business with the State of Israel and with Israeli companies.
+Added: A campaign of boycotts, divestment, and sanctions has been undertaken against Israel, which could also adversely impact our business, financial condition, and results of operations and the expansion of our business.
+Added: Our operations may be disrupted by the obligations of personnel to perform military service.
+Added: Some of our employees in Israel are obligated to perform annual reserve duty in the Israeli military for several days, and in some cases more, of annual military reserve duty each year until they reach the age of 40 (or older, for reservists who are military officers or who have certain occupations) and are subject to being called for additional active duty under emergency circumstances.
+Added: In response to the Israel-Hamas War, a number of our employees have been called up to serve in the Israeli military.
+Added: We cannot predict the full impact of these conditions on us in the future, particularly if emergency circumstances or an escalation in the political or military situation occurs.
+Added: If many of our employees are called for active duty, our operations in Israel and our business may not be able to function at profitable levels, or at all, and our business in, results of operations from, Israel would be adversely affected.
Unregistered Sales of Equity Securities and Use of Proceeds.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.