This website includes statements that may be deemed “forward-looking statements” under applicable securities laws – that is, statements relating to future, not past, events. All statements in this website, other than statements of historical facts, are forward-looking statements. For example, “forward-looking statements” include, but are not limited to, statements with respect to the future financial or operating performance of Sunniva and its projects; the future price of Sunniva’s products and services; the timing and amount of estimated future production; costs of production, capital, operating and other expenditures; costs and timing of the development of new projects; costs and timing of future requirements for additional capital; government regulation of operations; environmental risks; title disputes or claims; limitations of insurance coverage; the timing and possible outcome of regulatory matters; Sunniva’s plans to provide safe, high-quality therapeutic cannabis products and services at scale; Sunniva’s intention to build a cGMP (Current Good Manufacturing Practice) certified greenhouse facility in Cathedral City; Sunniva’s belief that the intended greenhouse facility in Cathedral City will be technologically advanced and that the intended greenhouse facility in Cathedral City will produce the safe, low cost, high quality cannabis products at scale; Sunniva’s plans to source and license selective genetics to cultivate and produce the high quality flowers; Sunniva’s plans to manufacture complex reproducible products and formulations that meet exacting standards for quality and effectiveness; Sunniva’s belief that its standards, protocols, and validated processes will ensure consistent high quality in final product; Sunniva’s expected design for the intended greenhouse facility in Cathedral City; Sunniva’s belief that its precise nutrient delivery, signature strains and proprietary techniques will produce quality, clean-testing medical botanicals that will equally benefit patients and the environment; Sunniva’s belief that the intended greenhouse facility in Cathedral City will be more energy efficient, conserve water and produce less waste than indoor cultivation, grow better plants, require less air conditioning and retain higher CO2 levels than traditional growing methods; Sunniva’s anticipated energy savings and water conservation; Sunniva’s belief that the Integrated Pest Management System will ensure that every plant grown is certified clean and free of all contaminants and pesticides; Sunniva’s belief that the intended greenhouse facility in Cathedral City will neutralize scent to the outside world; Sunniva’s belief that the recirculating system protects against a single drop of nitrogen-laden pollutant making its way down the drain; and Sunniva’s belief that result of the intended greenhouse facility in Cathedral City will be a pharmaceutical-grade, cGMP-quality medicinal that is backed by independent lab tests to guarantee its purity, potency, and safety. Often, but not always, forward-looking statements can be identified by the use of words such as, “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “projects”, “intends”, “targets”, “goal”, “anticipates” or “believes”, or variations (including negative variations) of those words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur, continue or be achieved.
Although Sunniva believes the expectations expressed in the forward-looking statements are based on reasonable assumptions with respect to Sunniva’s anticipated future results, performance or achievements and current conditions, the forward-looking statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. In making the forward looking statements included in this website, Sunniva has made various material assumptions, including but not limited to (i) obtaining the necessary regulatory approvals; (ii) that regulatory requirements will be maintained; (iii) general business and economic conditions; (iv) Sunniva’s ability to successfully execute its plans and intentions; (v) the availability of financing on reasonable terms; (vi) Sunniva’s ability to attract and retain skilled staff; (vii) market competition; (viii) the products and technology offered by Sunniva’s competitors; and (ix) that our current good relationships with our suppliers, service providers and other third parties will be maintained.
Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements expressed or implied by the forward-looking statements not to occur or be realized. Those risk factors include, but are not limited to: (1) general business, economic, competitive, political and social uncertainties; (2) the actual results of current business development activities; (3) conclusions of economic evaluations; (4) fluctuations in the value of the Canadian dollar relative to the United States dollar; (5) changes in project parameters as plans continue to be refined; (6) changes in costs of labour, equipment, or processes to operate as anticipated; (7) success of acquisitions, including the successful integration of such acquisitions into Sunniva’s business; (8) the illegality of some of Sunniva’s business activities under United States federal law, even if compliant with applicable United States state and local law; (9) Sunniva’s ability to obtain various permits and licenses in connection with the operation of its business; (10) tax liabilities under the United States Federal Internal Revenue Code if the Internal Revenue Service continues to determine that deductions for business expenses associated with cannabis business are not allowed; (11) accidents, labour disputes and other risks of the industry, including but not limited to war, terrorism, delays in obtaining governmental approvals or financing or in the completion of development or construction activities; and (12) the factors discussed in the section entitled “Risk Factors” included in Sunniva’s disclosure documents available from time to time under the company’s profile at www.sedar.com. Although Sunniva has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sunniva assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
