The following discussion should be read in conjunction with the unaudited
consolidated financial statements and accompanying notes included in Part I,
Item 1, of this Form 10-Q and the audited consolidated financial statements and
accompanying notes and Management's Discussion and Analysis of Financial
Condition and Results of Operations included in Landec's Annual Report on Form
10-K for the fiscal year ended May 30, 2021.
This Quarterly Report on Form 10-Q, including "Management's Discussion and
Analysis of Financial Condition and Results of Operations," contains
forward-looking statements regarding future events and our future results that
are subject to the safe harbor created under the Private Securities Litigation
Reform Act of 1995 and other safe harbors under the Securities Act of 1933, as
amended, and the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). Words such as "anticipate", "estimate", "expect", "project", "plan",
"intend", "believe", "may", "might", "will", "should", "can have", "likely" and
similar expressions are used to identify forward-looking statements. All
forward-looking statements are subject to risks and uncertainties that may cause
actual results to differ materially from those that we expected. Potential risks
and uncertainties include, without limitation, the timing and expenses
associated with operations, the ability to achieve acceptance of our new
products in the market place, weather conditions that can affect the supply and
price of produce, government regulations affecting our business, uncertainties
related to COVID-19 and the impact of our responses to it, the timing of
regulatory approvals, the ability to successfully integrate Yucatan Foods into
the Curation Foods business, the mix between domestic and international sales,
and those other risks mentioned in this report and in our Annual Report on Form
10-K for the fiscal year ended May 30, 2021.
We derive many of our forward-looking statements from our operating budgets and
forecasts, which are based upon detailed assumptions. While we believe that our
assumptions are reasonable, we caution that it is very difficult to predict the
impact of known factors, and it is impossible for us to anticipate all factors
that could affect our actual results. Accordingly, our actual results could
differ materially from those projected in the forward-looking statements for
many reasons, including the risk factors listed in Item 1A. "Risk Factors" and
in our Annual Report on Form 10-K for the fiscal year ended May 30, 2021.
All forward-looking statements attributable to us are expressly qualified in
their entirety by these cautionary statements as well as others made in this
report, our Annual Report on Form 10-K for the fiscal year ended May 30, 2021,
and hereafter in our other SEC filings and public communications.
You should evaluate all forward-looking statements made by us in the context of
all risks and uncertainties described with respect to our business. We caution
you that the risks and uncertainties identified by us may not be all of the
factors that are important to you. Furthermore, the forward-looking statements
included in this report are made only as of the date hereof. We undertake no
obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as otherwise
required by law.

Critical Accounting Policies and Use of Estimates There have been no material changes to the Company's critical accounting policies and use of estimates from those disclosed in the Company's Form 10-K for the fiscal year ended May 30, 2021. For a discussion of our critical accounting policies and use of estimates, refer to Management's Discussion and Analysis of Financial Condition and Results of Operations - Critical Accounting Policies and Use of Estimates in Part II, Item 7 of the Company's Annual Report on Form 10-K for the fiscal year ended May 30, 2021.



Recently Issued Accounting Pronouncements
The Company is subject to several recently issued accounting pronouncements.

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