Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 63

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 63
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 land and building commercial grade “Cultivation Centers” to consult, assist, manage & lease to licensed dispensary owners and organic grow operators on a contract basis, with a concentration on the legal and medical marijuana (Cannabis) sector. Our long-term plan is to become a True “Seed-to-Sale” company providing infrastructure, financial solutions and real estate options in this new emerging market, worldwide. We plan to make our brand global and therefore we will look for opportunities to conduct future research, marketing, import and exporting, and manufacturing of any proprietary products on an international level.

General and Administrative Expenses

General and administrative expenses increased by $246,703, from $136,565 for the three months ended March 31, 2024, to $383,268 for the three months ended March 31, 2025, primarily due to increases in our consulting services and salary.

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Professional Fees

Our professional fees increased by $20,644 during the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Our professional fees were $45,847 for the three months ended March 31, 2025, and $25,203 for the three months ended March 31, 2024. These fees are largely related to fees paid for legal and accounting services, along with compensation to independent contractors. We expect these fees to vary quarter-to-quarter as our business and stock price fluctuate if we continue to use stock-based compensation. In the event we undertake an unusual transaction, such as an acquisition, securities offering, or file a registration statement, we would expect these fees to substantially increase during that period.

Depreciation and Amortization

During the three months ended March 31, 2025, we had depreciation and amortization expense of $5,622, compared to $5,721 in the three months ended March 31, 2024. Our depreciation and amortization expense primarily relates to our property and trademark acquisitions.

Interest Expense

                Interest expense increased from $(3,163) for the three months ended March 31, 2024, to $(5,718) for the three months ended March 31, 2025. Our interest expense primarily relates to notes payable from related parties.

Liquidity and Capital Resources

Introduction

During the three months ended March 31, 2025, because of our operating losses, we did not generate positive operating cash flows. Our cash