Cronos Group Inc.

Good morning. My name is Janika, and I will be your conference operator today. I would like to welcome everyone to the Kronos Group's third quarter 2020 earnings conference call. Today's call is being recorded. At this time, I would like to turn the call over to Shane Laidlaw, Investor Relations. Please go ahead.

Thank you, Janika, and thank you for joining us today to review Kronos Group's third quarter 2020 financial and business performance. Today, I am joined by our President and CEO, Kurt Schmidt, our Executive Chairman, Mike Gorenstein, our CFO, Jerry Barbato, and our EVP of Legal and Regulatory Affairs, Xu Mingsheng. Kronos Group issued a news release announcing our financial results this morning, which are filed on our EDGAR and CDAR profiles. This information, as well as the prepared remarks, will also be posted on our website under Investor Relations. Before I turn the call over to Mike, I would like to remind you that our discussion during this conference call will include forward-looking statements that are based on assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements, including as a result of the factors described in the cautionary statement and risk factors included in the company's earnings release and regulatory filings, including the company's most recent annual report on Form 10-KA and quarterly reports on Form 10-Q. by which any forward-looking statements made during this call are qualified in their entirety. In addition, during this call, certain financial measures may be discussed that are not recognized under the U.S. generally accepted accounting principles referred to by the Securities and Exchange Commission as non-GAAP measures. We believe these non-GAAP measures assist management in planning, forecasting, and evaluating business and financial performance, including allocating resources. Reconciliations of these non-GAAP measures to their closest reported GAAP measures are included in our earnings press release furnished to the SEC, which is available in the press room section of our website, thechronosgroup.com. These non-GAAP measures may not be comparable to measures used by other issuers. I'd also like to note that we are conducting our call today from our respective remote locations. As such, there may be brief delays, crosstalk, or minor technical issues during this call. We thank you in advance for your patience and understanding. We will now make prepared remarks, and then we will move to question and answer sessions. With that, I'll pass it over to Kronos Group's Executive Chairman, Mike Gorenstein.

Thank you, Shane, and good morning, everyone. I'm proud to speak to you today as Kronos' Executive Chairman. As many of you know, after careful planning and thoughtful consideration, we expanded our leadership structure with the appointment of Kurt Schmidt as our new President and CEO in September. And I have transitioned to the Executive Chairman role. where I will lead the board and work with Kurt to continue to drive Kronos Group's strategy going forward. I am incredibly confident that Kurt will help Kronos build on our strong track record of growth and lead us toward many more industry-defining accomplishments. Kurt is a highly experienced consumer packaged goods executive with the expertise to push Kronos even further. During his three-plus decade career, Kurt has built a track record of driving outstanding performance at some of the most respected global consumer goods companies, including Blue Buffalo, Nestle, Gerber, and Kraft Foods. He has demonstrated tremendous success partnering with founders of startups to accelerate growth, and we are excited to leverage his expertise as Kronos continues to expand. When I met Kurt as part of my year-long search for someone to take over the CEO role, It was immediately apparent that he is uniquely suited to drive the company's next phase of growth and uphold our commitment to lead the industry forward responsibly. He is a passionate believer in our mission and potential of our incredible company. I'm excited to partner with Kurt to leverage Kronos' strength and continue to deliver best-in-class brands and products to our consumers. Our industry is new, but that doesn't mean we can't learn from seasoned executives from adjacent sectors. In addition to Kurt, We further strengthened our senior leadership team by adding Shannon Buggy as Senior Vice President, Global Head of People. Before joining Kronos, Shannon was the SVP of Global Human Resources for Nielsen, where she led HR strategy for Nielsen Media. With over 25 years of experience, Shannon has a proven track record of leading and managing global human resources teams. As we prepare for the next chapter, ensuring our employees throughout the organization are taken care of, is of the utmost importance. We've come a long way, and the industry at large has evolved in a short period. Together, we've forged a truly differentiated business model with great brands, technology, strategic partners, a strong balance sheet, and importantly, a great team focused on driving results. As I look at Kronos today, it's clear that the opportunities before us are more exciting than ever. We look forward to continuing to launch innovative cannabinoid products in Canada, and to foster a portfolio of U.S. hemp-derived CBD brands. Internationally, we're excited to bring our products to more pockets of the world as regulations evolve and continue to establish ourselves as industry leaders. I want to thank the talented teams at Kronos who have brought us this far and continue to push us forward. I also want to thank our investors and the analyst community for your commitment to our industry. I know that Curt is looking forward to working with all of you more closely in the future and I know all of you will be excited to hear him on these earnings calls. So, without further ado, I'll pass the call over to our new President and CEO, Kurt Schmidt. Thank you, Mike.