Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 196

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 196
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 judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements,
taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit
matters or on the accounts or disclosures to which they relate.

Going Concern 

As discussed in Note 2, the Company has not yet generated any significant
revenue, has incurred recurring losses from operations, generated negative cash flows from operating activities and had an accumulated
deficit that raises substantial doubt about the Company’s ability to continue as a going concern.

F-2

Auditing management’s evaluation of a going concern can be a
significant judgment given the fact that the Company uses management estimates on future revenues and expenses, which are difficult to
substantiate.

We evaluated the appropriateness of the going concern, we examined
and evaluated the financial information along with management’s plans to mitigate the going concern and management’s disclosure
on going concern.

/s/ M&K CPAS, PLLC

www.mkacpas.com 

We have served as the Company’s auditor since 2017.

The Woodlands, Texas

March 31, 2025

F-3

WEED, INC.

CONSOLIDATED BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 
  
    ASSETS 

    CURRENT ASSETS: 

    Cash 
    $159,355  
    $290,409 
  
    Prepaid expenses 
     26,480  
     24,622 
  
    Other current asset 
     4,056  
     4,855 

    TOTAL CURRENT ASSETS 
     189,891  
     319,886 

    Land 
     258,319  
     258,319 
  
    Building 
     218,681  
     218,681 
  
    Computers & equipment 
     147,771  
     147,771 
  
     Property and equipment, gross 
     624,771  
     624,771 

    Less:  Accumulated depreciation 
     (128,417) 
     (108,431)

    Property and equipment, net 
     496,354  
     516,340 

    Grower license 
     667  
     667 
  
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