Good morning, ladies and gentlemen. Welcome to Village Farms International's third quarter 2023 financial results conference call. This morning, Village Farms issued a news release reporting its financial results for the third quarter ended September 30, 2023. That news release, along with the company's financial statements, are available on the company's website at villagefarms.com under the Investors heading. Please note that today's call is being broadcast live over the internet and will be archived for replay, both by telephone and via the internet, beginning approximately one hour following completion of the call. Details of how to access the replays are available in today's news release. Before we begin, let me remind you that forward-looking statements may be made today during or after the formal part of this conference call. Certain material assumptions were applied in providing these statements, many of which are beyond our control. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements. A summary of these underlying assumptions, risks, and uncertainties is contained in the company's various securities filings with the SEC and Canadian regulators, including its Form 10-K MD&A for the year ended December 31st, 2022, and 10-Q for the quarter ended September 30th, 2023, which will be available on EDGAR and SEDAR+. These forward-looking statements are made as of today's date, and except as required by applicable securities law, we undertake no obligation to publicly update or revise any such statements. I would now like to turn the call over to Michael DeGiglio, Chief Executive Officer of Village Farms International. Please go ahead. Thanks, Liz. Good morning, and thank you for joining us for today's call. With me are Steve Ruffini, our Chief Financial Officer, Ann Gillin Lefever, Vice President of Corporate Affairs, and Patty Smith, Vice President and Corporate Controller. As per our usual format, Steve and I will review the operating highlights and financial results for the quarter and then open the call up for questions. Turning to the third quarter, I am pleased with the contributions from each of our businesses, particularly the across-the-board execution on improved profitability and cash flow, which is a true test of a sustainable business model. We generated positive cash flow in each of our operating segments. That's bottom-line cash flow, not just from operations, not adjusted, pure cash flow. Each of our Canadian and U.S. cannabis businesses also delivered a positive adjusted EBITDA on net income, and our fresh produce operations saw another quarter of significant year-over-year improvement, also with positive adjusted EBITDA. I'm also pleased with trends at the retail shelf, which are a true test of whether everything we do resonates with the consumer. I am proud to report that for the month of October, we regained the number two share nationally in Canadian cannabis, recovering from the number four share at the beginning of the quarter, and more on this in a moment. The consolidated results were a further narrowing of our net loss to just $0.01 per share, another quarter of positive adjusted EBITDA and positive cash generation on a consolidated basis. These results are not possible without the business acumen, commitment, and contributions from each of our team members, and I am grateful every day for the Village Farms team, team's determination, and I am confident in our continued execution. Starting with our Canadian cannabis business, we are proving out what we believe is the most sustainable, profitable model in the Canadian industry. There are a number of highlights for Q3. The first is another quarter of positive adjusted EBITDA and cash flow generation. These are the direct result of our unrelenting focus on operational efficiencies. This, in turn, enables us to fund organic reinvestment in both the Canadian market and international markets as they become accessible. For Village Farms, organic reinvestment is critical. Simply put, we strive to build competitive moats in the capabilities which will drive future growth. These pillars include cultivation and production, commercialization, branding, and innovation, all with the consumer in mind. This quarter, our reinvestment wins include the launches of new brands and products, as well as the continuous quality improvement, which are contributing to our top market share rankings, and more importantly, profitability. It also includes the development of our international business, both export and in-country, which are based on our profitable Canadian business model. The second highlight for the quarter is that our strengthened focus on newness is showing up where it matters: profitable market share gains. As a reminder, we don't chase unprofitable market share, and sometimes that means foregoing top-line growth for profitability and cash flow. The increased pace of newness that I discussed on our last call continued in Q3 with a number of noteworthy launches. These included a new super brand, Super Toast, targeted as a consumer preference for convenience and added strains for all three of our flower brands. We also saw the continued success of our Soar brand, which quickly became a top three premium dried flower brand nationally after its launch one year ago. During Q3, one of Soar's exclusive cultivars, Pineapple God, was one of the best-selling premium dried flower products nationally. Also on the product side, our launch of Fraser Valley Strawberry Amnesia, which was the largest in BC history and launched as the number one SKU in Ontario. These are just a few examples of the new strains we add on an ongoing basis as part of our innovation calendar. Recently, we also expanded our category offerings, including an entirely new vape offering, with our first shipments rapidly selling out and our first infused blunts under the Soar brand, which also sold out. In Quebec, as many of you know, there are just two product calls a year, with launches timed during Q2 and Q4. So working with our existing portfolios in between these product calls is as important as new launches themselves to ensure sustainable growth. Our success in doing so is evidenced by our continued expansion and market share in Q3 from the existing portfolio, and I'm excited to see the results from the Q4 product launches, which are currently underway. Importantly, in addition to cash flow generation, our efforts are proving out on the retail shelf. Year to date, we are the number three ranked Licensed Producer nationally, and as I noted at the onset, we reclaimed the number two spot in October, as we were the second top-selling producer of dried flower nationally for the third quarter, sitting only behind a competitor who attained the top spot by purchasing market share via acquisitions. I've challenged the team to retake the top spot in flower again through organic efforts. To their credit, the latest data shows that we are now neck and neck with our competitor for that number 1 position. I will note here that as at the end of October, we had achieved five consecutive months of expansion in our share of the dried flower market nationally. What's especially noteworthy here is the increasing breadth of contribution to our market share by brand, by product, and by geography. With respect to geography, I want to recognize the contribution of ROSE LifeScience. ROSE holds the number two market share position in Quebec and is the fastest-growing producer in the province. ROSE has been one of the most, if not the most, successful acquisitions in Canada, largely due to our relentless strategic focus on driving shareholder value and the strong partnership between the Pure Sunfarms and ROSE teams. During the third quarter, we also highlight the increase in bulk non-branded sales, reflecting a purpose-driven decision to return to this channel as supply dynamics improve the profitability of these sales. We achieved this alongside our return to the number two ranking nationally in branded sales, proving out the benefit of our leadership in cultivation, commercialization, and innovation for multiple growth opportunities. International sales contributed less to in Q3 than it did in the first two quarters of the year, a variance which reflects the start-up nature of the industry and our business. Year to date, international sales are up more than 2.5-fold from last year, and I admit it's a small base, but it does underscore the growth potential and long-term trend we expect from these markets, which I will remind you, typically have higher margins than the Canadian market. As we add customers in new geographies, we expect growth in this business to be more steady and predictable. Speaking of which, the Netherlands government recently issued a favorable final update to the rollout of its legal recreational cannabis program. This has provided clarity for our plans for Leli Holland, which is just one of 10 licenses that allow participation in the program. We are moving forward and excited about the opportunity of what now looks to be a fully integrated supply model. Turning now to U.S. cannabis, Balanced Health Botanicals demonstrated another quarter of stabilized performance, once again generating positive net income, adjusted EBITDA, and positive cash flow. Last month, we relaunched a new visual brand for CBDistillery, including a revamped website focused on wellness and attributes of its products. Even in the challenging U.S. market for CBD, we are focused on, and we are achieving profitability and cash flow generation with our continued belief in the potential of this business in a favorable regulatory environment. Now, moving on to fresh produce. Our Q3 performance took another step forward. Our goal in achieving sustainable long-term profitability. We are effectively managing the higher-cost environment in which we now operate, and we continue to make strong, steady progress in managing the brown rugose fruit virus. This is not only through enhanced operating procedures across all operations, but also the implementation of virus-tolerant and increasingly virus-resistant strains and minimizing the potential for future impact. We are also benefiting from higher pricing. As a result, fresh produce delivered positive adjusted EBITDA, adding to our positive total for 2023 so far. That's a $5 million improvement over Q3 last year and brings the improvement for the year to date to more than $22 million. This is a great start to a new chapter for fresh produce. Our next goal is for fresh produce, our sustainable profitability and ultimately cash flow generation, and I am confident we can get there. I will now turn the call over to Steve for a more detailed review of the financials. Steve? Thanks, Mike. As Mike noted, another quarter of solid performances from each of our businesses. Consolidated net loss for the quarter narrowed to $1.3 million, or $0.01 earnings per share, from a net loss of $8.7 million, or $0.10 per share, for the same period last year. Notably, each quarter this year has posted a sequential improvement over the prior. Consolidated sales for Q3 were $69.5 million, compared with $71.1 million. The 2% decrease was largely the result of slightly lower cannabis sales compared to the same period last year, as well as a small negative impact on FX due to a stronger U.S. dollar in Q3 2023 versus Q3 2022, as the USD is our reporting currency. We delivered another quarter of positive consolidated adjusted EBITDA in Q3 at $3.2 million, a $5.4 million improvement from the -$2.2 million in Q3 last year. The improvement was driven mainly by fresh produce, but also higher EBITDA from our U.S. cannabis business, as well as lower corporate costs. I will now turn to our Canadian cannabis results. As usual, I will discuss these in Canadian dollars to assist in year-over-year comparisons, absent the impact of exchange rate fluctuations. As Mike noted, our Canadian cannabis operations delivered another quarter of positive EBITDA, as well as positive cash flow and positive earnings. Total Canadian cannabis sales were CAD 38.7 million, compared with CAD 39.8 million for Q3 last year. Breaking this down into its component parts, retail-branded sales, which comprised about 80% of total Canadian cannabis sales for Q3, were CAD 31 million, down slightly from CAD 32.8 million in Q3 2022. International exports from Canada were down slightly to CAD 900,000, compared to CAD 1.1 million in Q3 last year. Export sales for the year to date were up 162% compared to the same period last year. As I mentioned last quarter, we are seeing an increase in inquiries and sales for non-branded or wholesale products due to what we believe is less availability of consistent high-quality biomass, as many producers have been moving to asset-light models or have sold through inventories to generate cash. That translated into higher non-branded sales for Q3 of CAD 6 million, which was up from both CAD 4.9 million in Q3 last year and CAD 3.9 million for Q2 of this year. Pricing in this channel has improved. While demand is up, we continue to be very strategic and selective around our non-branded sales. Gross margin for Canadian cannabis for Q3 were 35%, compared with last year's 32%. Last year's gross margins figure of 32% excludes the impact on our reported Q3 2022 margin of 27%, due to the impact of acquisition, accounting, and inventory adjustments in our Q3 2022 results. The year-on-year increase is primarily due to a continuing lower bulk cost per gram, as well as a slight favorable exchange rate fluctuation. As we've stated since our entry into the cannabis space, we will continue to improve our operational efficiencies as we learn, innovate, and broaden our cannabis expertise. Selling and general administrative expenses for Canadian cannabis for Q3 were CAD 10.2 million, down from CAD 10.5 million, both in Q3 last year and Q2 this year. As percent of sales, SG&A for Q3 was unchanged at 26%. Canadian cannabis adjusted EBITDA was CAD 6.2 million, compared with CAD 6.7 million for Q3 last year, as well as Q2 of this year. As already noted, adjusted EBITDA for the year to date is up 37% for a 400 basis point expansion into EBITDA margin to 16%. Canadian cannabis net income was CAD 3.8 million, up significantly from net income of CAD 200,000 for Q3 last year, more than double the CAD 1.7 million for Q2 of this year. Cash generation, after all capital expenditures and debt service payments, was also positive at $5.1 million, up meaningfully from $1.3 million last year. As Mike noted at the onset, we have stabilized our U.S. cannabis business, and as reflected in the financial results, U.S. cannabis sales, which were generated entirely by Balanced Health Botanicals, were $5 million, down slightly from $5.1 million for Q3 last year. U.S. cannabis gross margin was 64%, compared with 69% Q3 last year, primarily due to the ongoing transition of our customers from tinctures to gummies, partly due to the success of our Synergy+ line. adjusted EBITDA for U.S. cannabis was positive $200,000, a slight improvement over what was essentially break-even performance in Q3 last year. Finally, U.S. cannabis generated net income of $79,000, as well as positive cash flow in the quarter. Turning now to fresh produce. We delivered a positive EBITDA quarter, which I had not projected when asked during our Q2 earnings call in August. This is a result of improved pricing in the latter half of our third quarter and better volumes from our third-party supply partners, as we slowly but surely regain our volume after losing two key third-party suppliers to end of calendar year 2022. Produce sales were up slightly year-over-year to $35.7 million, with a strong increase in sales from our own greenhouses being substantially offset by a decrease in supply partner revenues versus last year. Sales from our own production increased 28%, which was driven by a 26% increase in the average selling price and an 8% increase in pounds produced. While there's a lot of good operational news in our third quarter report, I do want to note that our VF Fresh gross margin was positive $1.5 million for a 4.2% gross margin, versus reporting gross margin losses in this business line every quarter since Q4 2021, when we reported a positive gross margin, and gross margin percentage of 6.8%. Fresh produce delivered another quarter of positive adjusted EBITDA, nearly $800,000. That's a $5.7 million improvement over Q3 last year, which brings the year-to-date improvement to $22.5 million. As Q4 is typically a seasonal, seasonally stronger quarter for Fresh, we expect to achieve positive gross margin in EBITDA in Q4. I will note, however, that we are still dealing with some inflationary pressures on some input costs, which are challenging to pass on to our big box retail customers. Q3 net loss for fresh produce also improved significantly to a loss of $950,000 from a loss of $4.6 million for the same quarter last year. I am pleased to report positive cash flow from fresh produce, which benefited from the receipt of a vendor settlement in Q3 that we reported in our earnings of Q2. As we look ahead to next year, we have made the strategic decision to deploy half of our Delta 2 facility, not currently being used to grow cannabis, to grow tomatoes, at least for the 2024 calendar year. Health Canada now permits other crops to be grown in licensed facilities, which was not allowed since the inception of the cannabis regulations. This pivot is due to a number of factors: one, the change in the regulations, two, the continuing improvements in our cannabis yields, hence one of the key reasons for our cost of sales decreasing, and three, historically, our tomato operations in Delta 2 were profitable. The additional production is expected to contribute incremental cash flow and profitability to our VF Fresh division. This change will have no impact on our ability to meet expected cannabis demand and is, in fact, a great opportunity for us to utilize what has been an idle area in our greenhouses to generate profitable revenues in this swing space now that regulations allow us to grow cannabis with other crops within a licensed facility. Turning now to cash and the balance sheet. Cash at the end of the third quarter increased to $40.5 million, up from $31.7 million at the end of Q2 of this year. While our working capital at the end of the third quarter was relatively unchanged compared to Q2, at $84.3 million in working capital, which are significant improvements from $21.7 million in cash and $60.8 million in working capital at the end of last year. Total debt at the end of Q3 was $53 million, down slightly from $55 million at the end of Q2. Our quarterly principal debt service payments are close to $1.5 million per quarter. Now I'll turn the call back to Mike. Thanks, Steve. For 30+ years, we have built Village Farms with a deep and reverent respect for cultivation as the core from which to build our business. Some refer to us as farmers. More recently, we were described as low cost or value growers who had no clue how to build brands. This quarter, and in fact, 2023 year- to- date, challenges this simplistic viewpoint. It shows how deep our deep experience and resulting competitive advantage in cultivation is enabling, indeed funding, leadership roles in critical areas that separate the best consumer goods companies from everyone else. Getting cultivation right, as we are proving out, is providing us with bandwidth to innovate in other critical functions, which are now driving sustainable, profitable market share and cash flow. Importantly, these are the same pillars of success that will be the foundation as we look to expand our Canadian model as new cannabis markets open around the world. It's a continuing growth opportunity we farmers are very excited about. So operator, I'll turn it over to you for call, for any questions at this point. Thank you. To ask a question, please press star one one on your touchtone telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. Our first question- Go ahead, operator. Our first question will come from the line of Aaron Grey with Alliance Global Partners. Hi, good morning, and congrats on the quarter here. Mike, I want to kind of jump off where you left off in terms of kind of proving out that CPG capability and going on beyond just kind of, you know, the produce that you had mentioned. So if you can speak to how you're viewing brand architecture today, you know, particularly with the launch of, you know, value brand Fraser Valley, which we understand, you know, was necessary to compete with some of the pricing pressure. You know, some of the third party does imply some of the mix shift from Pure Sunfarms to Fraser. Just want to get some color in terms of, you know, how are you seeing the premium mainstream value mix evolving within the category and then as well within your, your own portfolio as we continue to see, you know, the, the industry evolve here? Thanks. Sure. Thanks, Aaron. Yeah, we—you know, it's somewhat testing. I mean, we really focus on consumer insights before we launch our brand. So clearly, with Fraser Valley, that was a segment, especially on the West Coast, but now it resonates on the East Coast, or at least in Ontario, where we had sort of the number one launch there with Fraser Valley. And then, you know, the quality of Fraser Valley is just exceptional. So the quality and the pricing resonated well, and it's become a strong player for us. But equally, we launched Soar a year ago, which is in that premium category, and we never expected the premium category to be more than 5% or 10% with the current economic situation, but it's doing very well. Then third, you know, that, that's put some pressure on our Pure Sunfarms brand. But I think, you know, it's an ebb and flow, and the economy has a lot to do with it. So, you know, we continue to innovate. The other side of it is really newness within those brands a nd keep in mind that ROSE LifeScience has a number of brands that are resonating very well, not just in Quebec, but in other provinces going forward. And now, we continue to drive newness, innovation. You know, we need to know where we're going to be in 2025 right now with our launches. And it takes a lot of energy, a lot of effort, a lot of time and money. You have to continue to trial. And we're actually working on some very unique things, which we'll probably talk about in the next quarter going forward, but I hope that gives you some color. No, it does. That's very helpful. And then second question from me on non-branded sales. We saw a nice uptick sequentially, so was that driven more by a one-off sale? Is there a new line of business you expect to generate from there on a recurring basis? You've kind of alluded to that in prepared remarks, so just fair to say, you know, some of the increase in mix. And then also on the other part of that, on gross margin, some of the pressure we saw in that sequentially, was that driven by some of the non-branded mix? So just how we think about that sales going forward in terms of new generating business on a recurring basis, and then how any type of gross margin effects we have there. Thank you. No, actually, gross margin, we're very satisfied with the gross margin on our B2B business. Extremely satisfied. We made a strategic decision at the beginning of this year to sort of open up. We wanted to prove internally to the company as well as to our consumers and distributors and the provinces, that we can be a very strong branded company. And I think we proved that out, and we continue to prove it out, so that there was a big focus on just being very myopic on the branding side. However, we are focused on cash flow generation. Those were the marching orders early on, and strategically, we decided, let's open up our B2B business. We have capacity. The margins are good. That's not the reason we see margin change. And then, you know, we were watching the dynamics in the industry. There was a lot of flower available, and slowly that seemed to be driving up. A number of companies changed their model to a light asset model. And, you know, if we can drive greater profitability, greater revenue, greater sales, we're going to take that business on. And of course, we're international in a way that's B2B as well. So, this just parallels that very nicely, and we're going to continue moving forward, our B2B. Great. Thanks for the call. I'll jump back in the queue. Our next question will come from the line of Eric Des Lauriers with Craig-Hallum. Great. Thank you for taking my questions, and congratulations on strong results here. Thanks, Eric. I was hoping you could drill in a bit more into some of the changes in produce this quarter. So obviously, you know, some moving parts here. One of the profitability drivers here is the increase in volumes, it sounds like. I'm wondering if you could also just help us understand or perhaps just kind of drill in a bit more deeply into some of the operational improvements that you've made. I know recently you've kind of spoken about AI investments for produce. If you could kind of just give us an update overall on the operational improvements that you have made in that, in that segment and sort of how to think about, perhaps the difference in, operating expenses versus cost of goods sold, kind of going forward, you know, where should we, look to see some of that improvement going forward? Thanks. Well, I think, you know, look, last year was the worst year we had in produce in 33 years. So, it was a very difficult year, but it was really driven by a number of factors. It was a perfect storm. Inflationary pressures that really started post-COVID that were astronomical. When you look at diesel fuel, you know, shipping 1,000+ trucks a year, that's in our cost of sales. It was crazy. Everything went ballistic. Fertilizer costs were up 65%-70%, corrugated costs for all the packaging materials across the board, and labor skyrocketed across the board, even based on our foreign worker program. The Department of Labor continues to drive costs up 7% a year. So, all that was happening while we were battling the virus, and you know, we are always in agriculture, dealing with items out of our control, viruses, bacteria, insects, so on. But this was sort of one of the worst I've ever seen. Thank God we're seeing- w e're putting in every day more and more tolerance, more varieties that are tolerant, which means they may get the virus, but they can tolerate it, and that's very important. We are now starting to see the first of totally resistant varieties. So, it's taken a long time. Even once the resistance gene was ready to be spliced into the new varieties, it still takes 11 turns of growing parent after parent after parent, until it's finally in there. So, we had to be patient about it. So that's probably the biggest impact. Simultaneously, we talked about putting AI systems that were concurrent as like a very strong co-pilot with our growers that are monitoring thousands of data points every second of the day, every day of the year. That is a big help. We've also invested, this year alone, you know, close to $4 million in new technology to drive our labor costs down. As we speak right now, most of that equipment is being installed, which will have a benefit going forward in 2024. You saw our yields are starting to be up, and that's a direct, that's directly affected by both the less impact from the virus as well as working with our AI system. That being said, too, a big part of our profitability is working with our third-party growers, and due to the virus, we lost two of them. One switched into berries, and one went out of business. So, we're rebuilding that, and we're very bullish. I was just in Mexico last week. I was there in June. We're building our relationships going forward. So, I think it's all accumulative. It's not just one thing that's going to drive it, and we'll continue to look at, you know, driving our gross margin higher. Pricing has been more solid. Finally, I think the industry had to realize this is not cutting prices against your competition but trying to drive higher prices so the industry can survive, and it seems to be resonating with a lot of our competitors. So, we're bullish. That being said, you know, it is a commodity, and there is fluctuations quarter to quarter, but I think overall, we're headed in a very strong direction. A $22 million turnover in one years is not easy to do, especially in agriculture. So, I hope that gives you the color you need, Eric. Yeah, no, that was very helpful and, great to hear. If I could just kind of double-click on that a bit more. So, you know, obviously, granted that we are dealing with commodities here and, you know, no one's in charge of pricing, do you feel that, you know, perhaps once this, you know, new technology is kind of fully layered in in 2024, that you sort of have what you need now to reach a sustainably profitable produce business, or are there other areas that you may look to kind of drive down costs going forward before you're kind of, you feel sort of comfortable that at least from what's in your control, that you're kind of, you know, out of the woods here? Yeah, I do. The only thing, the only uncertainty would be where inflation goes, and, you know, even our interest rates on our loans have skyrocketed over the years. So, there's not been one area that hasn't been, had a negative effect. And I think as, for example, even though, our interest rate that we pay on our produce business is not directly tied to operational efficiencies and excellence, it does, matter. So, I think 2024 is really a very strong pivotal year for us to get to sustainable profitability going forward. I feel, I feel pretty, pretty solid on that. That's great to hear. Just last question from me. Just looking for an update on the potential sale of the greenhouse in Texas? Don't have anything to report. We're working it. We're not just sitting on our laurels, but I think, with the economy the way it is, some other things that have happened in the industry, we just have to be patient. But as you can see, what Steve reported, where our cash position is and our working capital. So that will eventually go, and it'll be a nice net thing that we'll have to reinvest hopefully in 2024. All right. Thanks for the call, and congrats again. Thanks. Our next question comes from the line of Mike Regan with Excelsior Equities. Yes, hi. Thanks, for taking the question, and, congrats on a really good quarter. In terms of, we've seen a lot of the capacity start to, you know, some of your competitors starting to shut down capacity, in Canada, and it's interesting that some of that swing capacity for cannabis will be, you know, planted as tomatoes now. I guess, are you starting to see any impact on, you know, sort of, you know, the reduction in capacity then allowing you to potentially actually add to that capacity? Or is it just more that you're getting so much improvements on your yields that you don't need to, you know, you can reduce that swing capacity and just generate some cash out of it? Yeah, we've, we're seeing, we're finally seeing, you know, sometimes things never change, and then there's a domino effect. And maybe 2024 is that year of reckoning within excess capacity that we've seen for so many years in the Canadian marketplace. So, we are seeing. Well, a lot of companies have publicly reported that they're either not going to participate in the Canadian cannabis retail market, maybe focus on overseas or other cannabis markets. Some have indicated that they will be a light asset model and so on, a nd you know, that's fine. We have nothing good or bad to say, but if they're a potential customer and we could work with them to the mutual benefit, because our driver is positive cash flow, increased revenues, while we're looking at our own expansion and profitable market share, we're going to do so. So we are seeing some changes happening. I think what was out there for companies just trying to generate cash without being profitable, it's not very durable, so it's got to change. So we're, you know, we're definitely going to participate in that. Now, keep in mind, we do have excess capacity because, as Steve reported, our yields have been increasing. We said that five years ago, that, you know, growing is a continuous improvement process. You get better at it. Hopefully, you get better at it, and you could drive, you could drive your yields up, which drives your costs down. So, we're in a good position. We have excess, square footage we can put to use. We're very focused now. Now that we're- we've reached sort of profitability and a market share position in Canada, now we're very serious about going international. I think, some companies, maybe- went international before Canada was right. We had a different approach. Let's get Canada right and going and then go international. So, we're really looking forward to increased penetration in the international markets in 2024, and we have the capacity to do so. So, I think we could service our own needs. We could be a B2B, and we could definitely drive international capacity as well, going into 2024 and 2025. And then as a quick follow-up, you know, we've written about how Ontario has changed the pricing structure, you know, for the licensed producers and the retailers there, to the benefit of the licensed producers and the retailers. It's still a bit early, but is there any commentary on how you're seeing those pricing changes and volume changes in, or any volume changes in Ontario at this point? Mike, this is Steve. Thanks for the question. Very good observation. As you point out, the market markup changed at the end of September, so really no impact on Q3 at all. You know, we have great transparency with the pricing structure in Ontario and some of the other provinces. To date, so it's been a whole month, we have benefited from the change. We've decided, as a company, to keep our pricing the same at retail. So, we effectively, the way it works, we realize 100% of the margin decrease by OCS, so we'll see a 35% increase in our margins in OCS. What other LPs are doing or not doing, we think most will follow us, but we'll be- y ou know, it remains to be seen whether people will chase prices down or we've decided to keep the margin to ourselves. Great. Thanks a lot. Thank you, Mike. As a reminder, that is star one one to ask a question. Our next question will come from the line of Eric Livshits with ATB Capital Markets. Eric, your line is now open. Oh, hi. So, given the positive cash flow generation this quarter, I'm just wondering, do you see this as somewhat of a turning point in cash flow generation for the company? Or should we expect cash flows to kind of just be more bumpy in the quarters ahead? Thank you. Well, I think they may be somewhat lumpy in the quarters ahead, but on the positive side, that's our focus, is positive, cash generation. If our market share slips, it's because we don't deem it profitable market share. I'm just not going to chase it. Those days, I think, are over, and we can see what that's done to a number of companies just chasing unprofitable market share. So, with our very, you know, parochial focus on, profitable market share, I think we're going to stay positive. We're driving our costs down. Now, it may not be steady every single quarter but probably won't be. But I think overall, on an annual basis, we can say we're going to be to the positive side. Great. Thank you so much. Okay. Thank you. I'd now like to turn the call back to Ann for another question. Thanks, Liz. Before we conclude, we wanted to highlight a question that came in via email related to the Canadian distribution model and the purchasing policies of large provincial buyers. It's a great multi-part question from a clearly engaged shareholder that we appreciated getting. What the question boils down to is whether we and other LPs are missing out on sales due to ordering practices of the provincial buyers? Thanks, Ann, and the question to that, the short answer is no. We have excellent relationships with all the provinces and territories we supply. We know all boards are working hard to ensure market demand is met with their supply, and, and we're working closely with them to provide much more accurate forecasting and trying to maximize product penetration to meet their demands. So, I think it's a synergistic opportunity for us. And, you know, it's still a nascent industry, so we're not always getting it right, but we're working together and getting better together, to the benefit of us, but ultimately to the benefit of the consumer. So hope that suffices. So thank you, Liz, and, and thanks, everyone, for joining us today. We look forward to speaking to you on our next call, going forward, for year-end and the fourth quarter. Thank you, all. This concludes today's conference call. Thank you for participating. You may now disconnect.