Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 64

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 64
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-party action,
or other events that harm the integrity or consumer support for our brands, could affect the demand for our products. Contaminants in
raw materials purchased from third parties and used in the production of our products or defects in the distillation and fermentation
processes could lead to low beverage quality, as well as illness among, or injury to, consumers of our products and could result in reduced
sales of the affected brand or all of our brands and potentially serious damage to our reputation for product quality, as well as product
liability claims. Also, to the extent that third parties sell products that are either counterfeit versions of our brands or brands that
look like our brands, consumers of our brands could confuse our products with products that they consider inferior. This could cause them
to refrain from purchasing our brands in the future and in turn could impair our brand equity and adversely affect our sales and operations.

39

Recent and threatened tariffs
imposed by the U.S. and other countries could materially adversely affect our Spirits business.

A portion of Spirits’ inventory
are produced using materials sourced from other countries such as Mexico. In addition, a portion of Spirits’ sales are made in foreign
jurisdictions. The Trump Administration’s imposition of tariffs on various goods from Mexico, Canada, China, and other jurisdictions,
and retaliatory tariffs and other measures which these jurisdictions may take in response, could therefore materially adversely affect
our Spirits operations and operating results.

We are currently subject to newly
implemented U.S. import tariffs, which are expected to have the greatest impact on two key areas: the importation of European ethanol
and tequila from Mexico. If the Company is unable to secure an alternative source for its potato-based ethanol, it could face a significant
negative impact on its operations. In addition, the tariffs on Mexican imports—if not offset through price increases to consumers—could
also materially affect the business.

Risks Relating to Our Common Stock

The market price of our shares
of common stock is subject to volatility, which could result in substantial losses to investors.

The market price of shares of our
common stock may fluctuate and has fluctuated significantly in response to factors, some of which are beyond our control, including:

    ●
    our ability to solve our liquidity issues;

    ●
    our common stock remaining listed on Nasdaq;

    ●
    expansion of our business;

    ●
    the impact of interest rates on Beeline’s business;

    ●
    Beeline’s ability to