Item 1. Legal Proceedings
Item 1. Legal Proceedings
In April 2019, Plastique Royal Inc., a subsidiary of Uni-Select, received an Environment Protection Compliance Order (“EPCO”) from the Environment and Climate Change Canada (“ECCC”) under the Canadian Environmental Protection Act, 1999, alleging that certain products sold by Plastique Royal had volatile organic compound (VOC) concentration that exceeded the limit set out in the applicable environmental regulations. The ECCC also alleges that Plastique Royal Inc. failed to comply with the EPCO. Plastique Royal Inc. is currently attempting to resolve the matter with the ECCC.
In addition, we are from time to time subject to various claims and lawsuits incidental to our business. In the opinion of management, currently outstanding claims and suits will not, individually or in the aggregate, have a material adverse effect on our financial position, results of operations or cash flows.
Item 1A. Risk Factors
Our operations and financial results are subject to various risks and uncertainties that could adversely affect our business, financial condition and results of operations, and the trading price of our common stock. Please refer to our 2022 Form 10-K for information concerning risks and uncertainties that could negatively impact us.
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