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Friday, April 28, 2023 4:09:13 PM
NOTE 16 – SUBSEQUENT EVENTS
While the COVID-19 pandemic had an adverse effect on the sales, operations and supply chain of the Company, we cannot reasonably estimate the long-lasting impact on the business. However, we believe the worst is behind us as we have resumed much of our logistics operations, and most of our distributors have resumed placing orders. There are no other subsequent events that should have a material effect on the business
From the 2022 annual report. Do you know when this statement first appeared in an official filing?
It was in the 2020 annual report published on 04/01/2021,and also in the 2021 annual report. I believe the first appearance was in the 2nd quarter 2020 financial report, and every filing thereafter.
https://www.otcmarkets.com/otcapi/company/financial-report/255304/content
So the company itself in its official filings has declared that "we believe the worst is behind us as we have resumed much of our logistics operations, and most of our distributors have resumed placing orders" in every legal filing since August 2020.
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