1 unchanged sentence
We are exposed to certain market risks in the ordinary course of our business.
−Removed: These risks primarily consist of raw material prices, foreign exchange, and inflation as follows:
+Added: These risks primarily consist of raw material prices, foreign exchange, inflation and commodities as follows:
Raw Material Risk
1 unchanged sentence
Currently, a key ingredient in our products is stevia extract.
−Removed: We recently signed a new two-year agreement with a large multi-national ingredient company for the supply of stevia on similar terms as our prior agreement with the same ingredient company, including fixed pricing for the duration of the term.
−Removed: The prices of stevia and other ingredients we use are subject to many factors beyond our control, such as marketing conditions, climate change, supply chain challenges, and adverse weather conditions.
+Added: We have a two-year agreement effective June 1, 2021 with a large multi-national ingredient company for the supply of stevia on similar terms as our prior agreement with the same ingredient company, including fixed pricing for the duration of the term.
+Added: The prices of stevia and other ingredients we use are subject to many factors beyond our control, such as market conditions, climate change, supply chain challenges, and adverse weather conditions.
The price for aluminum cans also fluctuates depending on market conditions.
−Removed: There is currently an ongoing North American shortage of aluminum cans.
−Removed: We have contracts with certain suppliers of aluminum cans, but such contracts do not cover all of our expected future needs for aluminum cans.
−Removed: We might not be able to source enough aluminum cans in the future to meet our consumers’
Our ability to continue to procure enough aluminum cans at reasonable prices will depend on future developments that are highly uncertain.
2 unchanged sentences
Foreign Exchange Risk
−Removed: The majority of our sales and costs are denominated in United States dollars and are not subject to foreign exchange risk.
+Added: The majority of our sales and costs are denominated in U.S.
+Added: dollars and are not subject to foreign exchange risk.
As we source some ingredients and packaging materials from international sources, our results of operations could be impacted by changes in exchange rates.
We sell and distribute our products to Canadian customers, who are invoiced and remit payment in Canadian dollars.
−Removed: All Canadian dollar transactions are translated into United States dollars using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for sales and expenses.
+Added: All Canadian dollar transactions are translated into U.S.
+Added: dollars using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for sales and expenses.
To the extent we increase sourcing from outside the United States or increase net sales outside of the United States that are denominated in currencies other than the U.S.
2 unchanged sentences
Inflation Risk
−Removed: We believe that inflation has had a material effect on our business, results of operations, or financial condition.
+Added: We believe that inflation has had a material effect on our business, results of operations, and financial condition.
If our costs were to become subject to further and prolonged significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
4 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.