Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to, those discussed in Part I, Item 1A of our Form 10-K under the heading “Risk Factors” and in other documents that we file from time to time with the Securities and Exchange Commission (the “SEC”).
Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performances, or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, those listed below and those discussed in greater detail in Part I, Item 1A of our Form 10-K under the heading “Risk Factors.”
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our strategy, outlook and growth prospects;
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failure to consummate the Mergers and the other transactions contemplated by the Merger Agreement (as discussed in further detail in this prospectus) as currently contemplated or at all;
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general economic trends and trends in the industry and markets in which we operate;
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public heath crises, including the COVID-19 pandemic;
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our dependence on, and our ability to establish and maintain business relationships with, third-party suppliers and service suppliers;
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the competitive environment in which we operate;
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our vulnerability to third-party transportation risks;
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the impact of governmental laws and regulations and the outcomes of regulatory or agency proceedings;
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our ability to accurately estimate demand for our products and maintain appropriate levels of inventory;
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our ability to maintain or improve our operating margins and meet sales expectations;
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our ability to adapt to changes in consumer spending and general economic conditions;
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our ability to use or license certain trademarks;
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our ability to maintain consumer brand recognition and loyalty of our products;
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our and our customers’ ability to establish or maintain banking relationships;
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fluctuations in U.S. federal, state, local and foreign tax obligation and changes in tariffs;
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our ability to address product defects;
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our exposure to potential various claims, lawsuits and administrative proceedings;
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contamination of, or damage to, our products;
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any unfavorable scientific studies on the long-term health risks of vaporizers, electronic cigarettes, e-liquids products or hemp-derived products, including cannabidiol (“CBD”);
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failure of our information technology systems to support our current and growing business;
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our ability to prevent and recover from Internet security breaches;
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our ability to generate adequate cash from our existing business to support our growth;
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our ability to protect our intellectual property rights;
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our dependence on continued market acceptance of our products by consumers;