Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 23

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 23
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 determine what effect additional governmental regulations or administrative policies and procedures,
when and if promulgated, could have on our business.

If we are unable to
recruit and retain qualified personnel, our business could be harmed.

Our growth and success highly
depend on qualified personnel. Competition in the industry could cause us difficulty in recruiting or retaining a sufficient number of
qualified technical personnel, which could harm our ability to develop new products. Also, the fact cannabis remains illegal at the federal
level may dissuade qualified personnel from working in the cannabis industry, thus limiting the pool of qualified individuals to run our
business. If we are unable to attract and retain necessary key talents, it would harm our ability to develop competitive product and retain
good customers and could adversely affect our business and operating results.

We may be unable to
adequately protect our proprietary rights.

Our ability to compete partly
depends on the superiority, uniqueness and value of our intellectual property. To protect our proprietary rights, we will rely on a combination
of patent, copyright and trade secret laws, confidentiality agreements with our employees and third parties, and protective contractual
provisions. Despite these efforts, any of the following occurrences may reduce the value of our intellectual property:

    ●
    Our applications for patents relating to our business may not be granted and, if granted, may be challenged or invalidated;

    ●
    Issued patents may not provide us with any competitive advantages;

    ●
    Our efforts to protect our intellectual property rights may not be effective in preventing misappropriation of our technology;

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    ●
    Our efforts may not prevent the development and design by others of products or technologies similar to or competitive with, or superior to those we develop;

●Another
party may obtain a blocking patent and we would need to either obtain a license or design around the patent in order to continue to offer
the contested feature or service in our products; or

    ●
    The fact cannabis is illegal at the federal level may impact our ability to secure patents from the United States Patent and Trademark Office, and other intellectual property protections may not be available to us.

We may become involved
in lawsuits to protect or enforce our patents that would be expensive and time consuming.

In order to protect or enforce
our patent rights, we may initiate patent or trademark litigation against third parties. In addition, we may become subject to interference
or opposition proceedings conducted in patent and trademark offices to determine the priority and patentability of inventions. The defense
of intellectual property