Code Green Apparel Corp (CGAC)

[val13]

Was thinking to get into this but second tought,NO!!!

The Company has a history of operating losses, including an accumulated deficit of $11,525,283 through June 30,
2021. This and other factors raise substantial doubt about the ability of the Company to continue as a going
concern. Management plans to address these matters through the sale of additional shares of its common stock, additional
borrowings, the sale in whole or partial property interests, or a combination thereof to finance the Company’s future
operations.
Although there is no assurance that the Company will be successful in these actions, management believes that it will be
able to secure the necessary financing to continue operations for the foreseeable future. Accordingly, these financial
statements do not reflect adjustments to the carrying value of assets and liabilities, the reported expenses and balance
sheet classifications used that would be necessary if the going concern assumption were not appropriate. Such adjustments
would be material and would have an adverse effect on the ability of the Company to continue as a going concern.