Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 232

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 232
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provisions. As a result we may be delayed in our ability to calculate certain accounting provisions. While we believe these provisions
are accounted for correctly in the attached audited financial statements our lack of internal controls could lead to a delay in our reporting
obligations. We are required to provide written documentation of key internal controls over financial reporting. Management evaluated
the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls
and procedures and has concluded that the control deficiency that resulted represented a material weakness.

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3. Effective controls over
the control environment were not maintained. Specifically, a formally adopted written code of business conduct and ethics that governs
our employees, officers, and directors was not in place. Additionally, management has not developed and effectively communicated to our
employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, our Board of Directors does not
currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii)
of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these
circumstances constitute a material weakness.

4. We have no formal process
related to the identification and approval of related party transactions.

To address these material
weaknesses, management performed additional analyses and other procedures to ensure that the financial statements included herein fairly
present, in all material respects, our financial position, results of operations and cash flows for the periods presented. Accordingly,
we believe that the consolidated financial statements included in this report fairly present, in all material respects, our financial
condition, results of operations and cash flows for the periods presented.

(c) Remediation of Material Weaknesses

In order to remediate the
material weakness in our documentation, evaluation and testing of internal controls, we hope to hire additional qualified and experienced
personnel to assist us in remedying this material weakness.

(d) Changes in Internal Control over Financial
Reporting

There are no changes to
report during our fiscal quarter ended December 31, 2024.

ITEM 9B – OTHER INFORMATION

There are no events required
to be disclosed by the Item.

ITEM 9C – DISCLOSURE REGARDING FOREIGN JURISDCITIONS THAT
PREVENT INSPECTIONS

Not applicable.

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PART III

ITEM 10 – DIRECTORS, EXECUTIVE OFFICERS
AND CORPORATE GOVERNANCE

Directors and