Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this report are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forwardlooking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “outlook,” “potential,” “project,” “projection,” “plan,” “intend,” “seek,” “may,” “could,” “would,” “will,” “should,” “can,” “can have,” “likely,” the negatives thereof and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Forward-looking statements include statements regarding our intentions, beliefs or current expectations and all statements we make relating to our estimated and projected earnings, revenues, costs, expenditures, cash flows, growth rates and financial results, our plans and objectives for future operations, growth or initiatives, strategies, or the expected outcome or impact of pending or threatened litigation are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. Examples of such risks and uncertainties include: • the impact of COVID-19 on the U.S. and global economies, our employees, suppliers, customers and end consumers, which could adversely and materially impact our business, financial condition and results of operations; • our ability to successfully implement our growth strategy; • our ability to maximize our production capabilities in our manufacturing facilities and achieve benefits therefrom; • our ability to generate sufficient cash flow or raise capital on acceptable terms; • the loss of key members of our senior management team; • allegations that our products cause illness or fail to comply with government regulations; • the loss of a significant customer; • the entrance of new competitors into our industry; • the effectiveness of our marketing and trade spending programs; • our ability to introduce new products and improve existing products; • our ability to match our manufacturing capacity with demand; • the impact of government regulation, scrutiny, warning and public perception; • the effect of false marketing claims; • adverse weather conditions, natural disasters, pestilences and other natural conditions affecting our operations; • our ability to develop and maintain our brand; • the effect of potential price increases and shortages on the inputs, commodities and ingredients that we require; • our ability to manage our supply chain effectively; • volatility in the price of our Class A common stock; and • other factors discussed under the headings “Risk Factors,” “Business,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this report. ii
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