TILT Holdings Inc.

Good afternoon, everyone, and welcome to Tilt Holdings' first quarter 2021 earnings conference call and webcast. This call is being recorded today for replay purposes. A replay of the audio webcast will be available in the investor section of the company's website approximately two hours after the completion of the webcast and will be archived for 30 days. I would now like to turn the conference over to your host today, Tilt's Director of Investor Relations, Taylor Allison. Please go ahead.

Thank you, and good afternoon, everyone. Thank you for joining us today. Tilt Holdings' first quarter 2021 financial results were released today. The press release, financial statements, and MD&A are available on CDAR as well as our website, tiltholdings.com. Please note that during this afternoon's webcast, remarks made regarding future expectations, plans, and prospects for the company constitute forward-looking statements within the meaning of applicable securities laws. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, which we disclose in more detail in the Risk Factors section of Management's Discussion and Analysis for the three months ended March 31, 2021. Files with the applicable Canadian securities regulatory authorities can be found on CDAR.com. We remind you that any forward-looking statements represent our views as of today and should not be relied upon as representing our views as of any subsequent date. While we may update such forward-looking statements in the future, we specifically disclaim any obligation to do so except as otherwise required by applicable law. Please note that on today's call, we will refer to certain non-IFRS financial measures such as EBITDA, adjusted EBITDA, and gross profit margin, excluding changes in the fair value of biological assets and inventories. These measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. So consider these certain non-IFRS measures to be meaningful indicators of the performance of our business in addition to, but not as a substitute for our IFRS results. The reconciliation of such non-IFRS financial measures to their nearest comparable IFRS measure is included in our press release issued today. On today's call are Mark Scatterday, Chief Executive Officer, Gary Santo, President, and Brad Hope, Chief Financial Officer. With that, I will now turn the webcast over to Mark.

Good afternoon, everyone, and thank you for participating in our first quarter 2021 earnings webcast. As I'm sure most of you have seen from our press release on May 14th, I will be stepping down as CEO and continuing as chairman of the board. And Gary will transition from his current role as president into his new role as the CEO effective June 1st. When I joined TILT, I was to drive innovation technology and products within the larger Tilt family. Shortly after, I was asked to take on the role of CEO, which entailed managing every business unit to stabilize and bring Tilt to profitability. I've done what I came in to accomplish, and I couldn't be more prouder of our incredible team of employees and where the company is now. It has been an honor and an enlightening experience leading Tilt and I feel confident passing the baton to Gary, and I'm excited to see the company rise to the next level. Gary has proven his ability as a leader and has been instrumental in developing and executing on tilt strategy. I will continue to actively support him during this transition, while also working closely with the R&D team to continue to create new inhalation advancements. Developing new products is truly where my passion lies, so I'm very excited for this next chapter. With that, I'll pass the call to Gary and conclude my last and shortest set of prepared remarks.