Charlotte's Web Holdings, Inc.

Good day, ladies and gentlemen, and welcome to the Charlotte's Web Holdings 2023 Second Quarter Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we'll conduct a question and answer session. If at any time during this call you record a minute assistance, please press star zero for the operator. This call is being recorded today, August 10, 2023. I will now look to turn the conference over to Corey Pala, Director of Investor Relations. Please go ahead.

Thanks, Sergio, and good morning, everyone. Thank you for joining us for our 2023 second quarter earnings conference call for Charlotte's Web Holdings, Inc. Our earnings press release was issued this morning and posted on the investor relations section of our website, along with our financial statements. Our 10Q report for the second quarter of 2023 is also available and has been filed on cedar.com in Canada, as well as on EDGAR with the SEC. Leading our call this morning is CEO Jacques Tortoroli, CFO Jessica Saxon, and COO Jared Stanley. On this morning's call, we will reveal the financial results for the second quarter and provide some color on recent strategic initiatives. We'll take questions from our analysts at the end of our prepared remarks. A replay of this call will be available through the next week, accessible via the details provided on our earnings release. And a webcast replay of this call will be available for an extended period, accessible through the IR section of our website at charlottesweb.com. During the second quarter, we held our annual shareholder meeting where each of the incumbent directors were duly re-elected as directors of the company. However, certain directors received less than majority support at the meeting, and in accordance with the company's majority voting policy and under the rules of the Toronto Stock Exchange, these directors were provided an offer to resign from the board. The remaining directors are completing a 90-day process to determine the appropriate membership and structure of the board moving forward. In connection with the appointment of any board members, the board and the company are complying with all legal requirements and appropriate protocols, including TSX and shareholder-approved company policies. As this process is currently ongoing, we will have no further public comments around this particular issue, including in the Q&A portion of today's call. A further update will be provided promptly following the board's final determination in due course. Also, as a reminder to our listeners, certain statements made on today's call, including some answers we may provide to certain questions, may include content that is forward-looking in nature and therefore subject to risks and uncertainties and factors which could cause actual future results or company performance to differ materially from implied expectations. Such risks surrounding forward-looking statements are outlined in detail within the company's regulatory filings on CEDAR.com in Canada and SEC.gov in the United States. In addition, during the call, we will refer to supplemental non-GAAP accounting measures, including adjusted EBITDA, which does not have any standardized meaning prescribed by GAAP. Please refer to the earnings release that we filed this morning for description of adjusted EBITDA, as well as a reconciliation of such measures to the respective and most directly comparable GAAP financial measures. And with that, I will now hand over the call to Charlotte's Web Chief Executive Officer, Jacques Tortorulli. Jacques?

Hey, thank you, Corey. Thanks for joining our call, everyone, and good morning. We've actively participated in Washington, D.C. for many months now, as we noted in our press release this morning. We're extremely encouraged by the progress, in particular seeing how Congress, the FDA, consumer advocacy groups, and the industry are coming ever closer to a regulatory framework for CBD. We all know regulation in Washington, D.C. will be the biggest catalyst for the industry. Investors clearly understand this is evidenced by the increased activity in our stock over the past month. Look, we continue to execute on our three pillar growth strategy. I'll speak more to this in a few minutes. But first, I want to turn the call over to Jessica to review our Q2 and half one financial results. And then we'll turn to Jared to share more on the regulatory front and an update on our partnership with Tilray in the Canadian market. With that, I'll now pass the call over to Jessica.