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Lowell Farms Inc
5/11/2023
and welcome to the Lowell Farms first quarter 2023 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star, then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Bill Metullas, Investor Relations with Lowell Farms. Please go ahead.
Good afternoon and welcome to the conference call to discuss Lowell Farms Incorporated's financial results for the first quarter of 2023. Before we begin, please let me remind you that during the course of this conference call, Lowell Farms Incorporated's management may make four looking statements. These forelooking statements are based on current expectations that are subject to risks and uncertainties that may cause actual results to differ materially from expectations. These risks are outlined in the risk factor section of our Form 10 filed on EDGAR and our listing statement filed on CDAR. Any forelooking statements should be considered in light of these factors. Please also note that any outlook we present is, as of today, And management does not undertake any obligation to revise any forward-looking statements in the future. This call includes Ann Lawrence, Chairperson of the Board for Lowell Farms, Mark Ainsworth, Co-Founder and Chief Executive Officer, as well as Chief Financial Officer Brian Schur, who will go into detail about the company's financial results for the quarter later in the call. The Q&A portion of this call will be open to analyst questions to provide further insight into the company's performance, operations, and go-forward strategy. For those of you who may happen to leave our call before its conclusion, please be advised that this conference call will be recorded and archived on our investor relations website page. And now I'll hand the call over to Anne. Anne, go ahead.
Thank you, Bill. And thank you for joining the Lowell Farms earnings call. First, I'd like to thank the entire Lowell team for their hard work and efforts as we continue to drive operational efficiencies through cost-cutting measures and our ongoing restructuring efforts. We continue to see the results of these efforts in the first quarter of this year and expect to continue the trend of driving streamlined operations and sustainable growth efforts through the second quarter. We continue to move forward with a number of strategic alternatives, including our intent to sell the Lowell intellectual property assets we announced in March of this year. While we had anticipated an earlier close, we are working with the note holders to finalize the transaction, as well as with our out-of-state brand partners, and anticipate the closing to occur during this quarter. As we continue to navigate a challenging industry environment, the company believes our platform will allow us to take advantage of market opportunities in California and drive measured growth across all aspects of our business. With that, I turn it over to Mark, who will go over Q1 operational results. Mark, please go ahead.
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