Welcome to HEXO Corp.'s third quarter 2023 earnings conference call. Joining us today is Charlie Bowman, President and Chief Executive Officer of HEXO Corp., and Julius Ivancsits, Chief Financial Officer of HEXO. Please note that all financial information is provided in CAD, unless otherwise stated, and that a copy of the Q3 results can be accessed on SEDAR and EDGAR. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Charlie Bowman, President and CEO of HEXO. Please go ahead, sir. Thank you. Good morning, everyone, thanks for joining our call. As you know, this is our last earnings call as a public company. Yesterday, shareholders voted in an overwhelming majority to approve the arrangement agreement with Tilray Brands, with over 90% voting in favor. With that in mind, before we dive into our results for the quarter, I wanted to start with a quick look back over the last 12 months. We will then detail a few of the developments from the quarter as well walk through HEXO's financial results. First, over a little year ago, Julius and I assumed the CFO and CEO roles at HEXO. At that time, HEXO faced significant challenges, including a debt leverage, liquidity constraints, excessive inventory, excessive overhead costs. Acquisitions were not integrated into the parent organization. In short, the company was grappling with a host of financial and operational issues. I think it's fair to say we were on the verge of insolvency. However, over the last 12 months, the organization has made remarkable progress as we have executed our strategic priorities to strengthen the balance sheet, resize the business, and position the company for long-term growth and profitability, whilst also positioning HEXO to deliver the preferred cannabis experience to all of our cannabis consumers. Outside of the financial progress, HEXO has also made advancements on the product side to optimize its portfolio. We focused our portfolio to leverage our strength in premium cultivation, and we divested businesses that did not offer HEXO a real competitive advantage. Specifically, we launched a number of new products, including our new proprietary strain. We called it the TnT Series, which allowed us to pivot from generic strains that were more like a commodity to more of these specialty ingredients. We capitalized on high growth potential in the pre-roll segment, and we expanded our capacity in our popular straight edge pre-rolls, including accelerating the Redecan Redees product to include some of the TnT series and expanding our Original Stash brands. This expansion resulted in a fourfold increase in the Redecan pre-roll capacity and enables us now to meet the growing consumer demand across Canada. Taken together, these efforts not only resulted in a higher quality cannabis experience for our customers, it also drove our margins higher. Our margins are now about 10% higher than they were a year ago. Julius will share a bit of the financial progress we've made over this period. Thank you, Charlie. Starting with our balance sheet, over the past 12 months, we have paid off more than CAD 40 million in legacy debt and have refinanced over CAD 235 million in high-cost debt, which combined, has reduced our annual interest expense by CAD 15 million. We also drove significant impactful improvement in our cost structure by pursuing an aggressive cost-cutting strategy, which has reduced our SG&A footprint by almost CAD 70 million on an annualized basis. Next, we delivered improvements in our working capital management, as we have reduced our working capital by CAD 135 million versus a year ago. Inventory alone is down over CAD 100 million, as our SMLC processes were redefined and the fulfillment of a philosophy, every cannabis plant is not a good plant. In short, we do not grow just to grow. The outcome of the process and cultural changes have resulted in our cash conversion cycle improving by over 100 days, which is truly remarkable and reflected the efforts of the entire finance and operation teams. Given these successes, HEXO has delivered positive cash flow from operations for two consecutive quarters. Charlie, back to you. Thanks, Julius. Turning our developments into the third quarter. First and foremost, we entered into a definitive agreement with Tilray Brands, whereby Tilray will acquire all outstanding shares of HEXO. This builds on the strategic partnership we established last year and reflects the significant progress we've been able to make, both financially and operational, since that time. Due to the transaction, we incurred a CAD 74 million CGU impairment charge to reflect Tilray's purchase price, combined with an acquisition fee of CAD 20 million, resulting in a net income loss of CAD 115 million for the period. In addition to the Tilray announcement, we also had a number of notable operational and product developments, even as we continue to face a challenging competitive landscape and an ever-increasing uncertainty in the macro environment. As we shared last quarter, our emphasis on bulk sales has continued to pay off. With bulk sales more than doubling from second quarter, we will effectively leverage the Redecan Master Grower program as a point of differentiation for HEXO. As you may recall, this has been part of our strategy to expand our B2B sales. Next, we saw strong momentum in our in-house developed TnT strains, which now represent over 37.5% of all flower sales. This is an incredible growth since the introduction of these TnT strains to the market just about four months ago at the end of Q1. More importantly, we are seeing this momentum continue into Q4 as our TnT strains are now being launched across Canada. Next, we'll be launching a new hemp paper rolled Redees product. This will be launched later this fall. It will be an amazing product. This validates our focus on growing the best strains to deliver the best consumer experience we want for our customers. Now I'll turn it back to Julius, who will go through the financial results for the quarter. Thanks, Charlie. Looking at our Q3 financial results, expense controls continue to remain our top priority. I am pleased to share that SG&A spending improved by CAD 2.5 million, or 20% compared to the second quarter, after adjusting for the annual Health Canada fee. This marked our fourth consecutive quarter of sequential improvement in SG&A spending. This demonstrates the success of our inside our Core Walls program. In terms of revenue, net sales decreased 11% quarter-over-quarter to CAD 21.6 million. This decline is attributable to lower adult use sales in Alberta, reduced emphasis in Saskatchewan and in Manitoba, short-term supply issues and illicit products in Quebec. Relative to Q3 2022, our sales are down 53% due to increased competition, SKU rationalization of lower margin products, soft performance in key markets, Ontario, Alberta, Quebec, and the removal of product portfolios for domestic benefit business, along with Truss Beverage. Our gross margin increased 10% versus the prior quarter to 43%, confirming that our strategy to focus on our most profitable brands is delivering results. Moving on to adjusted EBITDA, excluding the CAD 2.5 million in annual Health Canada fees, we recognized an adjusted EBITDA loss of CAD 1.4 million. This represents an improvement of CAD 13.2 million versus a year ago quarter. Finally, looking at cash generation, cash is always paramount. As I mentioned earlier, we were successful in achieving positive cash flow from operations for the second consecutive quarter. We delivered a CAD 78 million improvement in operating cash flows versus Q3 2023-Q3 2022, reflecting an aggressive cost cutting strategy as well as balance sheet improvements we have achieved over the past year. Before I pass it back to Charlie for his closing remarks, I would like to extend my deepest thanks to the HEXO team and the board of directors for their ongoing commitment and efforts to make HEXO successful. I'm proud of what we have accomplished over the past year in an industry that is going through significant change. Great. Thanks, Julius. Looking ahead, we're very excited about closing the transaction with Tilray Brands, which is on track to be completed by the end of the month. Tilray has been an excellent partner over the last year. As a combined company, we will be better positioned to drive profitable growth, capitalize on this, the complementary portfolios of an industry-leading with these high-growth brands. We are confident that we are leaving the company in good hands with Irwin Simon as HEXO becomes a part of team Tilray. Before we open the floor to questions, I'd like to thank all of our employees, our partners, our customers, for their continued commitment to our business and to allow HEXO to be the preferred cannabis supplier. It's been an honor to work with you over the past year. I look forward to seeing everything the future holds as a stronger company combined with Tilray. With that, operator, we're ready for questions. We will now begin the question and answer session. To ask a question, you may press star then one on your telephone keypad. If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then two. Please limit yourselves to one question. At this time, we will pause momentarily to assemble our roster. Our first question is from Matt Bottomley with Canaccord Genuity. Please go ahead. Good morning, everyone. Thanks for taking the questions, and congrats on the vote yesterday. Just wanted to get a little more color. I know in your prepared remarks, you had mentioned some of the initiatives you've been doing with various products and in various markets, but just given that there's been, you know, double-digit sequential declines for the last couple of quarters in your adult use, are we at sort of a trough here in your anticipating going into the closing? Also just on the wholesale side, you sort of increased that by 2x. Just wondering if that was opportunistic or if there's an anticipated, you know, higher level of wholesale contribution going into the closing with Tilray? Thanks for the question. It was really good. On the B2B side, that's an area, or the wholesale, if you want to call, that was an area that Julius had identified when we first came together because of some of the benefits that you could have from the standpoint of a little faster to cash on those sales. Combined with when we grow a strain, one of the areas you do is you might end up growing 1.2 tons, but you only end up selling maybe 900. You have that extra just in case there's any issues during the growing process. Those orphaned and stranded strains, they became excellent opportunities for us to put out in the market. Let me be real clear. None of the TnT strains, which are proprietary, none of those strains we've sold into the B2B market. Those are held within the HEXO brand solely. What you're seeing with those B2B brands, it was a strategic area to leverage this Redecan Master Growers program, which gives us some of the lowest cost, if not the lowest cost, per gram in the market. It also allows us to have some of the highest level of THCs and terpenes into the market, which is really what the consumers are looking for, and the bud tenders are looking at the point to differentiate in the retail brands. Going back on the retail sales, one of the areas you're seeing is when we start putting the promotional value and the consumer comes in and they buy the new TnT strains, what we're seeing is some of our older strains are now starting to kind of fade out or age out. The repeat sales on the older brands are starting to slow down, while the new strains are starting to come on board. The new strains are only been available in Ontario and BC through the end of this quarter. That changes this quarter in Q4 and actually starts to go national. When you add this amazing marketing and branding strength that's gonna come on board with Tilray, you're gonna see a whole new level of engagement and extension into the market. I see these strains really starting to grow. I also see an amazing area when you take a look at the bulk and combined with this, with these incredible growers. Julius, anything you would like to add? Yes, the TnT Series, if you've kind of, you know, listened to us in the past, you know, we started out a little bit in Q1, building Q2, then now building momentum into Q3. As the grow comes on, you just see that kind of pushing out the door. We started off with, you know, Animal RNTZ. Now we got Violet Fog, Atomik Sour Haze, and Ghost Gelato that are all gaining significant traction. We're really, really pleased with how that is being accepted by the marketplace. It's a really good question. Thank you. Okay, got it. Thanks, guys. Again, if you have a question, please press star then one. Please stand by as we poll for questions. Showing no further questions, this concludes our question and answer session. I would like to turn the conference back over to Charlie Bowman for any closing remarks. Thank you. Again, everyone, I wanna thank you. It was a tough year, but at the same time, it was a very rewarding year, and I wanna thank everybody again at the HEXO organization, all of our customers. I wanna thank the Tilray team. Irwin's been great from the standpoint of working together and putting this, the businesses and really the synergies that's gonna come through. I really believe this is gonna be an incredible company as it goes forward, and I can't wait to see the progress that's gonna be made. Thanks, everyone. Have an outstanding day, and have a great Thursday. Bye-bye, everyone. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.