Company: CMND
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005490
Chunk: 82

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: 20-F
Item: Item 3
Chunk 82
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 on our financial condition, results of operations
or cash flows.

There can be no assurance that future credit and
financial market instability and a deterioration in confidence in economic conditions will not occur. Our general business strategy may
be adversely affected by any such economic downturn, liquidity shortages, volatile business environment or continued unpredictable and
unstable market conditions. If the current equity and credit markets deteriorate, or if adverse developments are experienced by financial
institutions, it may cause short-term liquidity risk and also make any necessary debt or equity financing more difficult, more costly,
more onerous with respect to financial and operating covenants and more dilutive. Failure to secure any necessary financing in a timely
manner and on favorable terms could have a material adverse effect on our growth strategy, financial performance and stock price and could
require us to alter our operating plans. In addition, there is a risk that one or more of our service providers, financial institutions,
manufacturers, suppliers and other partners may be adversely affected by the foregoing risks, which could directly affect our ability
to attain our operating goals on schedule and on budget.

Environmental, social and corporate governance,
or ESG, issues, including those related to climate change and sustainability, may have an adverse effect on our business, financial condition
and results of operations and damage our reputation.

There is an increasing focus from certain investors,
customers, consumers, employees and other stakeholders concerning ESG matters. Additionally, public interest and legislative pressure
related to public companies’ ESG practices continue to grow. If our ESG practices fail to meet regulatory requirements or investor,
customer, consumer, employee or other shareholders’ evolving expectations and standards for responsible corporate citizenship in
areas including environmental stewardship, support for local communities, board of directors and employee diversity, human capital management,
employee health and safety practices, product quality, supply chain management, corporate governance and transparency, our reputation,
brand and employee retention may be negatively impacted, and our customers and suppliers may be unwilling to continue to do business with
us.

Customers, consumers, investors and other shareholders
are increasingly focusing on environmental issues, including climate change, energy and water use, plastic waste and other sustainability
concerns. Concern over climate change may result in new or increased legal and regulatory requirements to reduce or mitigate impacts to
the environment. Changing customer and consumer preferences or increased regulatory requirements may result in increased demands or requirements
regarding plastics and packaging materials, including single-use and non-recyclable plastic products and packaging, other components of