Goodfood Market Corp.

Good morning, ladies and gentlemen. Welcome to the Good Food Q3 of fiscal 2025 earnings call and webcast. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions. Please note that questions will be taken from financial analysts only. If anyone has any difficulties hearing the conference, please press star followed by zero for operator assistance at any time. I would like to remind everyone that this conference call is being recorded today, July 22nd at 8 a.m. Eastern Time. Furthermore, I would like to remind you that today's presentation may contain forward-looking statements about good foods, current and future plans, expectations and intentions, results, level of activity, performance, goals or achievements, or other future events or developments. As such, please take a moment to read the disclaimer and forward-looking statements on slide two of the presentation. Please be aware that during the call, presenters will refer to certain metrics and non-IFRS measures. Where possible, these measures are identified and reconciled to the most comparable IFRS measures in our MD&A. Finally, let me remind you that all figures expressed on today's call are in Canadian dollars, unless otherwise stated. I would now like to turn the meeting over to your host for today's call, Jonathan Ferrari, Good Food Chief Executive Officer. Mr. Ferrari, you may proceed.

Thank you. Bonjour tout le monde.

Bienvenue à l'appel conférence de marché Good Food pour présenter nos résultats financiers du troisième trimestre qui s'éclose ce 7 juin. Good morning, everyone. Welcome to our Good Food earnings call in which we will present our results for the third quarter ended June 7th. Ross Awamer, our Chief Financial Officer, is with me today. You can find our press release, presentation, and other filings on our website and CDAR+. And all figures on this call are in Canadian dollars. Let's begin with slide three. This quarter marks an important milestone, our 10th consecutive quarter of profitable execution. as we look to scale a digital platform designed to build long-term shareholder value in Canada's food and beverage e-commerce landscape. Adjusted EBITDA reached nearly $3 million in Q3, or 8.6% of net sales. On a year-to-date basis, adjusted EBITDA stands at approximately $6 million, representing a 6% margin. Despite macroeconomic headwinds weighing on consumer discretionary spending, we have maintained strict discipline on unit economics and operational efficiency. Our strong and consistent margin performance confirms our ability to deliver profitably, even in uncertain times. Our product strategy also continues to evolve to meet customer needs. Recent enhancements, including heat and eat meals in Quebec, and expanded customization features are enabling more convenience and deeper engagement. These customer-driven innovations are driving record basket sizes as more members are choosing to build out their orders with a wide variety of meals and grocery add-ons. We also continued to execute on our capital allocation strategy with precision, anchored in enhancing intrinsic value per share. Our acquisition of Genuine Tea is proving to be both growth accretive and margin supportive. The brand is growing sales at over 30% annually while delivering consistent and healthy EBITDA. Meanwhile, we have added $1 million to our Bitcoin ETF treasury reserves and our BTC investment generated gains that contributed positively to our balance sheet flexibility this quarter. With those highlights in mind, I will now turn it over to Ross for a closer look at the financials.