Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 230

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 230
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 Officer, who are
our principal executive officer and principal financial officers, respectively, concluded that, as of the end of the period ended December
31, 2022, our disclosure controls and procedures were not effective (1) to ensure that information required to be disclosed by us in reports
that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the
SEC’s rules and forms and (2) to ensure that information required to be disclosed by us in the reports that we file or submit under
the Exchange Act is accumulated and communicated to us, including our chief executive and chief financial officers, as appropriate to
allow timely decisions regarding required disclosure.

Our Chief Executive Officer
and Chief Financial Officer (our Principal Accounting Officer) do not expect that our disclosure controls or internal controls will prevent
all error and all fraud. No matter how well conceived and operated, our disclosure controls and procedures can provide only a reasonable
level of assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes
in accordance with generally accepted accounting principles. Further, the design of a control system must reflect the fact that there
are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations
in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any,
within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty,
and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented if there exists in an individual
a desire to do so. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

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Furthermore, smaller reporting
companies face additional limitations. Smaller reporting companies employ fewer individuals and find it difficult to properly segregate
duties. Often, one or two individuals control every aspect of the company’s operation and are in a position to override any system
of internal control. Additionally, smaller reporting companies tend to utilize general accounting software packages that lack a rigorous
set of software controls.

(b) Management’s Annual Report on
Internal Control Over Financial Reporting

Our management is responsible
for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined
in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act, as amended