Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
accessed, alongside, amidst, authentication, backup, Bancroft, catastrophic, celebrate, choice, Clawback, clean, cohesion, Collateral, Consortium, crafted, crucial, culture, cyber, David, disaggregated, disaggregation, disaster, dispensary, double, email, embark, emphasize, emphasized, empower, endpoint, Enterprise, ethical, evidenced, excellence, floating, formally, Forum, foster, fostering, gather, GCCMA, GCNC, Gemini, GHG, Guaranty, highlighted, holiday, Hotline, Hsu, identification, impersonation, inaugural, incident, Insider, kick, kicked, likewise, malfeasance, MFA, Microsoft, modern, morale, navigating, NIST, organizational, partnership, password, patch, pen, phishing, piggyback, Planet, posture, Potco, privacy, Prosperity, proud, qualitative, quantitative, ransomware, reconciliation, regular, reject, remediate, request, resilience, resilient, restoring, RSU, scalability, scheme, Score, sensitive, shaping, SHEETSThe, slowly, spirit, stakeholder, stolen, store, stored, subcommittee, survey, timeframe, transmit, transparency, UG, unlimited, upcoming, upholding, verification, victim, weekly, WEF, worth
Removed:
affiliate, age, Alberta, allocating, analytical, analyzed, anniversary, ascribed, Assignment, assisted, automation, baseline, BCF, begin, billion, Bioengineering, Bob, bore, borrower, Bravo, bridge, Bridging, British, Brunswick, care, CDS, Chairman, China, chosen, Columbia, committed, contingency, convert, designate, designated, diligence, discount, Dodson, drawn, dried, duration, Edward, entirety, equivalent, exceeded, exemption, exportation, farm, feature, Fluence, formula, freestanding, fresh, generation, globe, hemp, importation, imposition, indirect, institutional, Island, JW, Labrador, Larry, lead, legalization, lesser, letter, low, Lowe, Madrid, mandatorily, Manitoba, Michael, MOU, municipal, NEO, Newfoundland, Northwest, Nova, Nunavut, occurrence, oil, Ontario, outbreak, outline, path, personally, practitioner, prepay, prescribe, Prince, promote, provincial, pursue, raw, Redemption, referenced, register, regulating, relied, removing, repaid, Sandy, Saskatchewan, scheduled, Scotia, separation, subordination, subsequently, Subtopic, supportable, supporter, targeting, territorial, thereon, tightened, TMX, Toronto, travel, TSXV, unamortized, uncollected, underrepresented, Yukon
Financial report summary
?Risks
- We have a relatively limited history of operations, a history of losses, and our future earnings, if any, and cash flows may be volatile, resulting in uncertainty about our prospects generally.
- We had negative cash flow from operations for the fiscal years ended December 31, 2023 and December 31, 2022.
- Our architecture, engineering, design, and construction management services have been used and may continue to be contracted for use in emerging industries that may be subject to quickly changing and inconsistent laws, regulations, practices and perceptions.
- We may continue to incur losses in the near future, which may impact our ability to implement our business strategy and adversely affect our financial condition.
- We may become subject to additional regulation of CEA facilities.
- Competition in our industry is intense.
- We depend upon third-party suppliers for the equipment solutions that we sell.
- We have historically depended on a small number of clients for a substantial portion of our revenue. If we fail to retain or expand our client relationships, or if a significant client were to terminate its relationship with us or reduce its purchases, our revenue could decline significantly.
- A portion of our business depends on our clients obtaining appropriate licenses from various licensing agencies.
- System security risks, data protection breaches, cyber-attacks and systems integration issues could disrupt our internal operations or services provided to clients.
- We may be forced to litigate to defend our intellectual property rights, or to defend against claims by third parties against urban-gro relating to intellectual property rights.
- We may not be able to successfully identify, consummate or integrate acquisitions or to successfully manage the impacts of such transactions on our operations.
- To date, the majority of our revenues have come from providing architecture and engineering design services and selling equipment systems into facilities prior to the facility becoming operational. The majority of our revenues to date have been generated from clients that operate in the legal cannabis industry.
- The cannabis industry in the U.S. is an emerging industry and has only been legalized in some states while remaining illegal in others and under U.S. federal law. Federal Prohibition makes it difficult to accurately forecast the demand for our solutions in this specific industry. Losing clients from this industry may have a material adverse effect on our revenues and the success of our business.
- Further legislative development beneficial to our operations is not guaranteed.
- The legal cannabis industry could face strong opposition from other industries.
- The legality of cannabis could be reversed in one or more states.
- Changing legislation and evolving interpretations of law, which could negatively impact our clients and, in turn, our operations.
- Regulatory scrutiny of the legal cannabis industry may negatively impact our ability to raise additional capital.
- Banking regulations could limit access to banking services.
- A drop in the retail price of cannabis products may negatively impact our business.
- Our contracts may not be legally enforceable in the United States.
- Our stock price could be extremely volatile. As a result, shareholders may not be able to resell their shares at or above the price they paid for them.
- Shareholders may be diluted by future issuances of preferred stock or additional common stock in connection with our incentive plans, acquisitions or otherwise; future sales of such shares in the public market, or the expectations that such sales may occur, could lower our stock price.
- We do not anticipate paying any cash dividends on our common stock in the foreseeable future.
- If securities or industry analysts do not publish research or reports about our business, or if they downgrade their recommendations regarding our common stock, its trading price and volume could decline.
- Taking advantage of the reduced disclosure requirements applicable to "emerging growth companies" may make our common stock less attractive to investors.
- Provisions of our certificate of incorporation and bylaws may delay or prevent a take-over that may not be in the best interests of our shareholders.
- The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain executive management and qualified Board members.
- We are subject to ongoing regulatory burdens resulting from our public listing.
- We are highly dependent on our management team, and the loss of our executive officers or other key employees could harm our ability to implement our strategies, impair our relationships with clients and adversely affect our business, results of operations and growth prospects.
- Our insurance may not adequately cover our operating risk.
- We may be exposed to currency fluctuations.
- Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our business and the value of our common stock.
- The current political climate and military actions in Eastern Europe could result in disruption to our operations.
Management Discussion
- During the year ended December 31, 2023, we generated revenues of $71.5 million compared to revenues of $67.0 million during the year ended December 31, 2022, an increase of $4.5 million, or 7%. This increase in revenues is the net result of the following changes in individual revenue components:
- •Construction design-build revenues increased $26.4 million, primarily due to significant organic growth within this group;
- •Services revenue decreased $0.9 million, which was the result of a decrease in revenues in our existing business due to negative market conditions in the CEA sector;