Farmers Edge Inc.

Good afternoon and welcome to the Farmers Edge live audio webcast for its second quarter 2023 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 one on your telephone keypad. If you would like to withdraw your question, simply press star and the number two. Individuals will be limited to two questions per person before being put back into the queue. At this time, I would like to turn the call over to Jay Jung, VP Finance of Farmer's Edge. Please go ahead, Mr. Jung.

Thank you, operator, and good afternoon, 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 forelooking information. Listeners are urged to consider the assumptions and risks and uncertainties associated with such forelooking information, including by referring to the assumptions, risks, and uncertainties discussed in farmer's edges filing with the Canadian security administrators. These statements do not guarantee future performance, and therefore, on-view reliance should not be applied upon them. The company does not undertake any obligation to update the forward-looking information provided during this audio call. 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-GAAP measures and key performance indicators, or KPIs, during the audio webcast. For further details on GAAP measures and KPIs, including relevant definitions and certain reconciliations, see Farmer's Edge filings with the Canadian Securities Administrators. We also posted on our website a short presentation that you may want to follow along with our remarks. Now, I turn the call over to our chairman, Bill McFarland, for opening remarks.

Good afternoon, and thanks for joining the call. Q2 was another busy quarter for management as the team made progress on redefining the business model for both the core digital agronomy platform and e-commerce business. and continues to reduce costs to reduce the cash burn rate, with costs now reduced over the past 18 months by about 50%. There still is lots of work to do to build a profitable and sustainable business, and growing revenue by adding high-value new acres and delivering on the value proposition to both growers and enterprise partners is the key priority for management in the back half of the year. Dibor, I'll pass the call over to you to provide your comments and expand on these topics.