27 unchanged sentences
Our management may not be able to control costs in an effective or timely manner.
−Removed: The Company’s management has used reasonable efforts to assess, predict and control costs and expenses.
+Added: The Company’s management has made reasonable efforts to assess, predict and control costs and expenses.
However, the Company only has a brief operating history upon which to base those efforts.
10 unchanged sentences
As a result of the variability of these and other factors, our operating results in future quarters may be below the expectations of our stockholders.
−Removed: We are subject to the reporting requirements of US federal securities laws, which can be expensive.
+Added: We are subject to the reporting requirements of U.S.
+Added: federal securities laws, which can be expensive.
We will be subject to the information and reporting requirements of the Exchange Act and other federal securities laws, including compliance with the Sarbanes-Oxley Act.
16 unchanged sentences
Failure to comply, or any adverse results from such evaluation could result in a loss of investor confidence in our financial reports and have an adverse effect on the trading price of our equity securities.
−Removed: The COVID-19 pandemic and the efforts to mitigate its impact may have an adverse effect on our business, liquidity, results of operations, financial condition and price of our securities.
−Removed: The pandemic involving the novel strain of coronavirus and related respiratory disease (which we refer to as COVID-19) and the measures taken to combat it, have had an adverse effect on our business.
−Removed: Public health authorities and governments at local, national and international levels have announced various measures to respond to this pandemic.
−Removed: Some measures that directly or indirectly impact our business include:
−Removed: voluntary or mandatory quarantines;
−Removed: restrictions on travel;
−Removed: limiting gatherings of people in public places.
−Removed: We have undertaken measures in an effort to mitigate the spread of COVID-19 including limiting company travel and in-person meetings.
−Removed: We also have enacted our business continuity plans, including implementing procedures requiring employees working remotely where possible which may make maintaining our normal level of corporate operations, quality controls and internal controls difficult.
−Removed: Notwithstanding these efforts, our results of operations have been adversely impacted by COVID-19 and this may continue.
−Removed: Moreover, the COVID-19 pandemic has previously caused some temporary delays in the delivery of our inventory, although recently we are no longer experiencing such delays.
−Removed: In addition, the travel restrictions imposed as a result of COVID-19 have impacted our ability to visit customer and potential customers for sales presentations, which have been substituted with on-line conference calls.
−Removed: Further, the COVID-19 pandemic and mitigation efforts have also adversely affected our customers’ financial condition, resulting in reduced spending for the products we sell.
−Removed: As events are rapidly changing, we do not know how long the COVID-19 pandemic, or localized outbreaks or recurrences of COVID-19, and the measures that have been introduced to respond to COVID-19 will disrupt our operations or the full extent of that disruption.
−Removed: Further, once we are able to restart normal operations doing so may take time and will involve costs and uncertainty.
−Removed: We also cannot predict how long the effects of COVID-19 and the efforts to contain it will continue to impact our business after the pandemic is under control.
−Removed: Governments could take additional restrictive measures to combat the pandemic that could further impact our business or the economy in the geographies in which we operate.
−Removed: It is also possible that the impact of the pandemic and response on our suppliers, customers and markets will persist for some time after governments ease their restrictions.
−Removed: These measures have negatively impacted, and may continue to impact, our business and financial condition as the responses to control COVID-19 continue.
−Removed: A prolonged economic downturn, particularly in light of the COVID-19 pandemic, could adversely affect our business.
−Removed: Uncertain global economic conditions, in particular in light of the COVID-19 pandemic, could adversely affect our business.
−Removed: Negative global and national economic trends, such as decreased consumer and business spending, high unemployment levels and declining consumer and business confidence, pose challenges to our business and could result in declining revenues, profitability and cash flow.
−Removed: Although we continue to devote significant resources to support our brands, unfavorable economic conditions may negatively affect demand for our products.
Increases in costs, disruption of supply or shortage of raw materials could harm our business.
124 unchanged sentences
If our independent distributors fail to comply with applicable regulations, we could be subjected to claims of false advertising, misrepresentation, significant financial penalties, and/or costly mandatory product recalls and relabeling requirements with respect to our products, any of which could have a material adverse effect on our business, reputation, financial condition and results of operations.
−Removed: We are subject to risks arising from the recent global outbreak of the COVID-19 coronavirus.
−Removed: The recent outbreak of the COVID-19 coronavirus has spread across the globe and is impacting worldwide economic activity.
−Removed: A pandemic, including COVID-19 or other public health epidemic, poses the risk that we or our employees, suppliers, manufacturers and other partners may be prevented from conducting business activities for an indefinite period of time, including due to the spread of the disease or shutdowns that may be requested or mandated by governmental authorities.
−Removed: While it is not possible at this time to estimate the full impact that COVID-19 could have on our business, the continued spread of COVID-19 could disrupt our clinical trials, supply chain and the manufacture or shipment of our cyclodextrin products, and other related activities, which could have a material adverse effect on our business, financial condition and results of operations.
−Removed: COVID-19 has also had an adverse impact on global economic conditions which could impair our ability to raise capital when needed.
−Removed: While we have not yet experienced any disruptions in our business or other negative consequences relating to COVID-19, the extent to which the COVID-19 pandemic impacts our results will depend on future developments that are highly uncertain and cannot be predicted.
Risks Related to the CBD Industry
61 unchanged sentences
There are numerous competitors in the industry, some of whom are more well-established with longer operating histories and greater financial resources than the Company.
−Removed: We expect competition continue to intensify following the recent passage of the Farm Bill.
+Added: We expect competition to continue to intensify following the recent passage of the Farm Bill.
We believe the Company will be able to compete effectively because of the quality of our products and customer service.
7 unchanged sentences
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.