This company profile may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by use of statements containing words such as “expect”, “plan”, “targeting”, “believe” and similar words or expressions, although not all forward-looking statements contain such identifying words. Statements which are not historical facts and relate to business strategy, future plans, events or performance, the future legalization of cannabis, potential opportunities in the Canadian, U.S. and global cannabis markets including anticipated effects and benefits of the Company’s investment in Canopy Growth Corporation and Canopy Growth’s potential transaction with Acreage Holdings, Inc., or expected actions of third parties are forward-looking statements that are based on management’s current expectations. The pending wine and spirits transaction is subject to certain closing conditions and regulatory approval. Canopy Growth’s announced intention to acquire Acreage Holdings upon federal cannabis legalization in the United States, subject to certain conditions, is subject to approval by shareholders of those companies and various other conditions and approvals. There can be no assurance of completion of the wine and spirits transaction on the expected terms and timetable nor can there be any assurance that any transaction between Canopy Growth and Acreage Holdings will occur or that U.S. federal cannabis legalization will occur or will occur on any expected timetable. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including but not limited to future global economic conditions; market conditions; regulatory conditions; unanticipated environmental liabilities and costs; changes to international trade agreements or tariffs or other governmental rules and regulations; changes in accounting elections, assertions, or standards; changes in tax laws, tax rates, interest rates and foreign exchange rates, commodity costs and raw material costs; the actions of competitors; consumer preferences; operating and financial risks related to managing growth; the amount and timing of future dividends; the amount, timing and source of funds of any share repurchases; the accuracy of projections associated with previously announced acquisitions, investments and divestitures; beer operations expansion and construction activities take place on expected scope, terms, costs and timetables; the accuracy of supply projections, including those relating to beer operations expansion and construction activities, glass sourcing, and raw materials and water supply expectations; receipt of any necessary regulatory approvals; accuracy of forecasts relating to joint venture businesses; and other factors and uncertainties disclosed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Many of these factors are beyond the control of the Company. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. The Company does not undertake to update any of these forward-looking statements.
This company profile may contain non-GAAP financial measures. These measures, the purposes for which management uses them, why management believes they are useful to investors and a reconciliation to the most directly comparable GAAP financial measures can be found in the appendix of the most recent investor presentation on our website at https://www.cbrands.com/investors/events. All references to profit measures and earnings per share on a comparable basis exclude items that affect comparability. Non-GAAP financial measures are also referred to as being presented on a comparable, organic or constant currency basis. Unless otherwise indicated, the information presented is as of May 23, 2019. Thereafter, it should be considered historical and not subject to further update by the Company.