High Tide Inc.

At this time, I'd like to welcome everyone to High Tide, Inc., first quarter fiscal year 2021 financial and operational results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. Instructions will be provided at that time for you to queue up for questions. I will now turn the call over to your host, Crystal Defoe.

Thank you, Kevin. Good morning, everyone, and welcome to High Tide, Inc.' 's quarterly earnings call. Joining me today on the call are Mr. Raj Grover, President and CEO, and Rahim Kanji, CFO. Yesterday evening, the company released its financial and operational results for their fiscal quarter ended January 31st, 2021. These results are available on the company's website and on CDAR. Before we begin, I'd like to remind everyone that certain statements made on today's call may contain forward-looking information within the meanings of applicable securities laws. Such statements may include estimates, projections, goals, forecasts or assumptions which are based on current expectations and are not representative of historical facts or information. We want to be clear that such forward-looking statements represent the company's beliefs about future events, plans or objectives and are inherently uncertain and are subject to numerous risks and uncertainties that may cause the actual results or performance to differ materially from such statements. Additional information about both the material factors and assumptions forming the basis of our forward-looking statements and risks which could cause actual results or performance to differ materially and the material factors or assumptions that were applied to make certain conclusions, forecasts or projections in forward-looking statements on this call is contained both in readily available documents available upon request and in our regulatory filings available on CDAR under the company's profile. Hightide does not undertake any duty to publicly announce the results of any revisions to any forward-looking statements in this call or to update or supplement any information provided in today's call. In addition, on this call, we will refer to supplemental non-GAAP accounting measures, including adjusted EBITDA, which do not have any standardized meeting as prescribed by IFRS. We believe this non-IFRS financial measure assists management and investors in understanding and analyzing our business trends and performance. Please refer to our earnings press release for a calculation of these measures and reconciliations to the most directly comparable measures calculated and presented in accordance with IFRS. These non-IFRS measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with the IFRS financial measures presented on the financial statements listed on CDAR. It is now my pleasure to introduce Mr. Raj Grover, President and CEO of Hightide. Thank you, Mr. Grover. You may now begin.

Thank you, Crystal, and good morning, everyone. Welcome to Hightight Inc's financial results conference call for the first quarter ended January 31, 2021. I'll start this call by providing an overview of our results and other key developments in the first quarter. Rahim will discuss the financials in depth, and after that would be pleased to answer any questions you may have. Today's call marks the start of a new era. Hightight's first reported results with the inclusion of Meta, and it was record setting across all key metrics. Our Q1 results reaffirmed our acquisition strategy and expertise. I'd like to say a big thank you to the team, the team we already had, and the newer additions to the Hightide family, which worked together to put up these incredible results. I'm really excited about these numbers, so let's get into them. We had already provided some disclosure regarding our top line to the market, declaring our expectations that it would be between $37 and $38 million in revenues. Today we're reporting that we were just ahead of the high end of our own estimate at $38.3 million. Once again,