−Removed: You should carefully consider the risk factors identified in the Company’s 2020 annual report on Form 10-K, filed with the SEC on July 1 3 , 2020 , together with all other information included in this report in evaluating our company and our common stock.
+Added: In addition to the Risk Factors reported herein, y ou should carefully consider the risk factors identified in the Company’s 2020 annual report on Form 10-K, filed with the SEC on July 13, 2020, the Risk Factors identified in our Form 10-Q filed with the SEC on August 19 , 2020 , together with all other information included in this report in evaluating our company and our common stock.
If any of the following risks and uncertainties develops into actual events, they could have a material adverse effect on our business, financial condition or results of operations.
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We make various statements in this section, which constitute “forward-looking statements.” See “Forward-Looking Statements.”
−Removed: The Company incorporates by reference as if fully set forth and restated herein all Risk Factors identified in our 2020 annual report on Form 10-K, filed with the SEC on July 13, 2020.
+Added: The Company incorporates by reference as if fully set forth and restated herein all Risk Factors identified in our 2020 Form 10-K and the Risk Factors identified in our Form 10-Q filed with the SEC on August 19, 2020.
Additionally, risks and uncertainty of which we are unaware or which currently we deem immaterial also may become important factor that affects us.
The additional risk factor has been mentioned below:
−Removed: Revenue from the infrastructure segment continues to be adversely affected and revenue from Life Sciences segment is also unpredictable.
−Removed: We continue to monitor the impact from restrictions imposed by the COVID-19 pandemic on our financial condition, liquidity, operations, suppliers, industry, and workforce.
−Removed: Revenue from the infrastructure segment continues to be adversely affected as we are unable to fully deploy our workforce.
−Removed: However, as soon as we can safely, we expect to engage in the infrastructure segment including completing the road building contract that we have been awarded.
−Removed: In response to the evolving circumstances, we supplemented our facilities to manufacture, label, and distribute FDA-registered alcohol-based hand sanitizers and hand rubs.
−Removed: As there is a general lack of visibility regarding the ongoing impact of the COVID-19 pandemic, revenue from our Life Sciences segment is also unpredictable.
+Added: The Drug Enforcement Administration (DEA) interim final rule related to statutory amendments to the Controlled Substances Act (CSA) made by the Agriculture Improvement Act of 2018 (AIA), regarding the scope of regulatory controls over mari h uana, tetrahydrocannabinols, and other related constituents may have an adverse impact on the Company.
+Added: From August 21, 2020, the interim rule to align DEA regulations in response to hemp legalization under the 2018 Farm Bill became effective.
+Added: In order to meet the AIA's definition of hemp, and thus qualify for the exception in the definition of marihuana, a cannabis-derived product must itself contain 0.3% or less THC on a dry weight basis.
+Added: It is not enough that a product is labeled or advertised as "hemp." Cannabis-derived products that exceed the 0.3% THC limit do not meet the statutory definition of "hemp" and are schedule I controlled substances, regardless of claims made to the contrary in the labeling or advertising of the products.
+Added: Further, a cannabis derivative, extract, or product that exceeds the 0.3% THC limit is a schedule I controlled substance, even if the plant from which it was derived contained 0.3% or less THC on a dry weight basis.
+Added: The rule implies that an intermediary product such as crude oil extract that is over 0.3% THC would be considered a Schedule I substance – even if it will subsequently be diluted in the final product.
+Added: This concerns the Company, as during the hemp extraction process, cannabinoid content may rise above the 0.3% THC limit, before being diluted to the 0.3% THC legal limit for hemp.
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.