Lowell Farms Inc

Please stand by. Your program is about to begin. If you need assistance during your conference today, please press star zero. Good day, everyone, and welcome to today's Lowell Farms, Inc. Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. You may withdraw yourself from the queue by pressing star and 2. Please note this call is being recorded and I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Bill Matulas.

Good morning. And welcome to the conference call to discuss Lowell Farms Incorporated financial results for the fiscal fourth quarter and near end of 2023. Before we begin, please let me remind you that during the course of this conference call, the Lowell Farms Incorporated management may make forward-looking statements. These forward-looking 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 factors section of our Form 10 filed on EDGAR and our listing statement filed on CDAR. Any forward-looking 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 into the future. This call includes Ann Lawrence, Chairperson of the Board for Lowell Farm, Mark Ainsworth, co-founder and chief executive officer, as well as chief financial officer Jamie Schneidwind, 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, we advise that this conference call will be recorded and archived on our investor relations website page. With that, I'll turn the call over to Ann. Ann, please go ahead.

Thank you, Bill, and thank you for joining the Lowell Farms Earnings Call today. The past year has undoubtedly presented us and the California cannabis industry as a whole with numerous challenges and obstacles, testing the resilience and determination of our entire team. I shared throughout last year's earnings call, 2023 was a year spent focusing on restructuring the company in order to respond to the continued decline in legal cannabis retail sales across the state of California and ongoing tax and regulatory costs impacting the entire industry. We are now at the tail end of the restructuring process and we expect to see the benefits of our strategic decisions in the coming quarters. Now that brings us to who we are as a company today. As we enter into 2024, Lowell is refocused on our core competencies that have been the foundation of this company since 2014. Manufacturing, distribution and sales for owned and third-party cannabis brands, including best-in-class operations and logistics. Our manufacturing infrastructure is tailored to the demands of the California market and features advanced automation capabilities. This focus on lean manufacturing standards allows us to address market needs with great adaptability, ensuring we maintain the highest standards of quality and innovation. We process raw cannabis materials at every stage of the cannabis plant life cycle, beginning with our best-in-class drying and curing rooms with a capacity of processing up to 80,000 pounds of wet weight flour and moving through trimming, processing, packaging, and extraction capabilities. Our manufacturing facility allows us to produce packaged flour, pre-rolls, oils, tinctures, edibles, concentrates, and other products for our own brand portfolio, as well as third-party brands we distribute. In sales and distribution, we focused our infrastructure not only on relaunching some of our exclusive portfolio of award-winning owned and licensed brands. We also created strategic partnerships with over 15 third-party brands that share our commitment to quality and further diversify our portfolio of products. This allows our in-house sales team to offer one-stop shopping for our dispensary partners with consistent, reliable products and services. During 2023, our sales team had these brands on shelves in over 650 dispensaries statewide. In 2024, we're focused on continuing to build strong relationships with our dispensary partners who are critical to our success and the success of our brand partners. As we navigate through these challenges, we are continuously working towards overcoming these obstacles and positioning ourselves for success in the future. And as always, we appreciate your continued support. With that, I turn it over to Mark and Jamie, who will go over Q4 and our 2023 year-end operational results. Mark, please go ahead.