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Farmers Edge Inc.
5/14/2021
Good morning and welcome to the Farmers Edge live audio webcast for its first quarter 2021 financial results and business highlights. Please be advised that reproduction of this audio webcast in whole or in part is not permitted without written authorization from the company. All lines have been placed on mute to prevent any background noise and after the speaker's remarks there will be a question and answer session. If you would like to ask a question during this time, simply press star and the number 1 on your telephone keypad. If you would like to withdraw your question, press star 2. Individuals will be limited to two questions each before being put back into the question queue. At this time, I would like to turn the call over to David Patrick, Chief Financial Officer of Farmer's Edge.
Thank you, Operator. Good morning, everyone. Before we start, we would like to remind you that all amounts discussed on this call are denominated in Canadian dollars unless otherwise indicated. Please note that the prepared remarks contain forward-looking information and additional forward-looking statements that may be made in response to your questions during the Q&A portion of the call. These statements reflect the company's current expectations regarding future events. Forward-looking info information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the company's control that could cause actual results and events to differ materially from those disclosed in or implied by such forward-looking information. Listeners are urged to consider the assumptions, risks, and uncertainties associated with such forward-looking information, including by referring to the assumptions, risks, and uncertainties discussed in the Farmers Edge filings with the Canadian Securities Administrators. These statements do not guarantee future performance and therefore undue reliance should not be placed upon them. The company does not undertake any obligation to update the forward-looking information provided during this audio webcast, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. Finally, we would like to remind listeners that the company may refer to certain non-IFRS measures and key performance indicators or KPIs during this audio webcast, For further details on non-IFRS measures and KPIs, including relevant definitions and certain reconciliations, you can see the Farmers Edge filings with the Canadian Security Administrators. I now turn over the call to our Chairman, Bill McFarland, for opening remarks.
Good morning, everyone. It's a pleasure to be with you today on our first conference call. It's been about two months since we completed our successful initial public offering, and we are making progress. We know as a new public company, results matter, and building the confidence and trust of shareholders is critical. So how will we do that? By delivering on our vision and connecting the agriculture ecosystem through acre and revenue growth, by showing discipline and holding ourselves accountable, by being innovative with data insights, and by spending your money wisely. I am pleased to report that Q1 2021 was a solid start to our journey. We delivered more new acres than in any previous start to a calendar year with over 2 million high-quality new acres. This bodes well for future revenue growth. So looking ahead, I am confident that with the vision, expertise, and drive of our motivated senior leadership team and support of our major shareholder, Fairfax, that your company is positioned to create long-term shareholder value. I'll now turn the call over to Wade to discuss some important business developments.
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