Farmers Edge Inc.

Good morning and welcome to the Farmers Edge live audio webcast for its first quarter 2023 results call. 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'll be an opportunity to ask questions. If you would like to ask a question during this time, simply press star and the number one on your telephone keypad. If you would like to withdraw your question, press the pound key. Individuals will be limited to two questions per person before being put back in the queue. At this time, I would like to turn the call over to Cindy Yuan, Chief Financial Officer of Farmer's Edge. Please go ahead.

Thank you, operator, and good morning, everyone. Before we start, I would like to remind you that all amounts disclosed 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 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 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 or could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Listeners are urged to consider assumptions, risks, and uncertainties associated with such forward-looking information, including by referring to the assumptions, risks, and uncertainties discussed These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. The company does not admit taking any obligation to update 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 security laws. Finally, we would like to remind listeners the company may report to certain non-guide measures and key performance indicators. or KPIs during the audio webcast. For these further details on non-GAAP measures and KPIs, including relevant definitions and certain reconciliations, see Farmer's Agile Filings with the Canadian Securities Administrators. We have also posted on our website a short presentation that you may want to follow along with our remarks. I now turn the call over to our Chairman, Bill McFarland, for opening remarks.

Thanks, Cindy, and thank you to everyone for joining the call today. We made progress in Q1 2023 with positive results from management's cost reduction program, delivering improvements in both free cash flow and EBITDA. We also had acre contraction in Q1, mainly from the PGP non-paying acres. Management also spent considerable effort in Q1 building a better sales team and foundation, which should lead to improved acre growth in the future. So overall, there was progress in Q1, and the next important step in the turnaround plan is to accelerate revenue and acre growth. I will now pass it over to Vibor Arora to provide some further details.