Thank you, operator. Good afternoon. As the operator said, my name is Chris Sparling, and I am the Chief Executive Officer of WeCommerce. Today, I am joined on this call by our President and Interim Chief Financial Officer, Alex Persson. Earlier today, after the market closed, we released our second quarter 2021 results, which are now available on SEDAR. As is our practice in these calls, Alex and I will make a few opening comments and then open the floor for questions from analysts and shareholders. Let us start with the financial review of the quarter. Alex? Thank you, Chris, and good afternoon to everyone on the call. As a reminder to everyone, we do report in Canadian dollars, and all references to amounts on this call and in our published financial reports, unless otherwise stated, are in Canadian dollars. In the second quarter of 2021, we generated revenues of CAD 9.5 million, up 85% year-over-year and 108% on a constant currency basis. Net loss in the second quarter was CAD 45,000 compared to net income of CAD 508,000 in the prior year. The net loss during the quarter includes certain non-cash and non-recurring items, including depreciation and amortization costs of CAD 2.7 million, mostly attributable to our Stamped acquisition, and acquisition costs of CAD 332,000. Adjusted EBITDA for the second quarter amounted to approximately CAD 2.9 million or 30% of revenue. Our non-Stamped operating expenses in the second quarter were elevated due to, among other items, higher professional fees attributable primarily to WeCommerce being a public company and costs associated with our ongoing CFO search. We're also continuing to add headcount at WeCommerce to support current and anticipated growth. Our operating margin was negatively impacted by a decline in themes revenue in the second quarter 2021 compared to the prior year. Apps segment revenue was $6.1 million, an increase of 331%, or 385% on a constant currency basis compared to Q2 2020, reflecting primarily the recognition of revenue from Stamped, which closed on April 6th of this year, as well as Foursixty, which closed on June 1st of last year. Excluding Foursixty and Stamped, apps segment revenue decreased by $7,000 or -1%, though apps segment revenue increased 10% on a constant currency basis in Q2 2021 compared to Q2 2020. As it relates to Stamped and further discussed in our MD&A, contract liabilities purchased with an original carrying amount of CAD 1.8 million were estimated to have a fair value at acquisition date of CAD 1.5 million, resulting in a fair value write-down of CAD 0.3 million. This fair value adjustment resulted in a decrease in Stamped revenue recognized during Q2 2021. As you may have noticed, we have begun adding constant currency detail, which is a non-IFRS measure to our press release and MD&A as we generate revenue from the sale of apps and themes predominantly in US dollars. On August 24th, we closed the acquisition of Archetype for $20 million upfront and an up to $12 million in contingent consideration. The upfront consideration represents a multiple of approximately five times EBITDA based on Archetype's unaudited financial statements for the trailing 12-month period ending March 31st, 2021. To finance the upfront consideration, we drew $10 million US under our revolving credit facility and paid the balance of the upfront consideration with cash on hand. Pro forma for the acquisition, our net leverage remains under three times as of June 30th, 2021, excluding the impact of the CAD 33.7 million bought deal financing that closed on July 7th, 2021. We're continuing to invest across all teams in Stamped, including hiring several new functional leaders. We're pleased with Stamped's revenue growth for the first half of the year. We continue to have ample margin to further reinvest in that business to develop new products, better showcase our existing products, and continue building the foundation for Stamped to grow significantly in the years to come. It's been a very active first half for WeCommerce. We're well positioned to continue becoming the acquirer of choice for leading companies in the Shopify partner ecosystem, and we're investing in building the foundation at WeCommerce to capitalize on the opportunity ahead of us. I'll leave it there and pass it back to Chris. Thank you, Alex. I only have a few comments before opening for questions. Mostly, I want to say we're pretty happy with this quarter. Over the last three months, we've strengthened the WeCommerce team with several key hires. Stamped continues to amaze us. We're seeing many long-term opportunities with that business, and we're excited with the team assembled by the CEO, Andrew Dumont. As Alex highlighted, we acquired Archetype this week, making WeCommerce a juggernaut in Shopify themes. We're over the moon for Archetype to join the WeCommerce family. We went public half a year ago, and since then, we've transformed the business, and we're eager to get started on the next half of the year. With that, I'll pass it back to the operator to facilitate the Q&A. Thank you. At this time, I would like to remind everyone, in order to ask a question, press star then the number one on your telephone keypad. Again, that is star then the number one on your telephone keypad. We'll pause for just a moment to compile the Q&A roster. We have our first question coming from the line of Daniel Chan with TD Securities. Your line is open. Hi, guys. Just wanted to dig into the app revenue a little bit. You said it was up 10% in constant currency. I know last quarter you mentioned that there were some pricing changes in your Pixel Union apps in Q4, but this quarter was also below what Shopify did in their app store in Q2. Just wondering if those pricing changes are still the only cause of that, or if there's something else that's causing the difference between the Shopify performance and what you guys are seeing in the apps. Yeah, I think I can't really have a blanket statement for all of apps as it relates to you at so, Dan. It's still the impact, as we see it, of that pricing changes that we believe is driving a lot of the change in top line. As we mentioned in our prior quarter, we're still seeing healthy product metrics for that application, including lower churn and higher LTV. As it relates to other factors, including in Q2, I think what we saw in Q2 generally was a slowdown compared to Q1, especially with relates to e-commerce, which grew at a slower pace in Q2 compared to Q1, just looking at the U.S. retail e-commerce data. With our businesses, we see a variety of growth rates, indicating that some perform better than others in Q2. Okay, thanks for that. You mentioned the MD&A, that you sold some themes to a third-party vendor. I just wonder if you could provide some more color on that. Happy to. I can't provide the name of that vendor. What I can say is that it was a non-core catalog of non-Shopify themes that were internally developed. We sold those to refocus on our Shopify theme portfolio. Okay. No, that's helpful. Then maybe some color on the margins. Those came down. You did talk about some of the additional expenses you had this year. Yeah. Is that intentional? If so, where do you think the margins can go as you're kind of ramping up these expenses? Yeah. It's a fair question. There's a couple things that, one, are highlighted in our remarks. I think a few things just worth noting. One is, the fair value adjustment related to purchase accounting for Stamped, and essentially what that means is we're unable to recognize revenue of $0.3 million that we would otherwise been able to recognize had purchase accounting adjustments not occurred. That revenue drops to the bottom line. The second was a softer environment for our themes business. This is obviously excluding Archetype. A softer environment, especially in June, when we saw merchants pause purchasing of themes as they waited changes unveiled at Shopify Unite, which we are extremely excited about, especially as it relates to the themes business, and we're already seeing a lot of positive momentum from themes that have upgraded to the 2.0 architecture. Away from that, as I mentioned, there were some increased investments at the WeCommerce level. Costs associated with our CFO search, that just by virtue of expensing those entirely in Q2, led to higher operating expenses compared especially to Q2 last year, but Q1 as well. Okay, that's very helpful. Thanks. Maybe sticking onto this themes topic. On the Archetype acquisition, can you just maybe talk about what the impact will be from the lower Shopify commission rate on themes as you kind of bring Archetype in-house? Yeah. The one thing that jumps out is obviously the commission is being reduced starting September 15th from 30% down to 15%, plus a 2.9% transaction fee. Effectively down from 30% to 18%. You also have the savings for themes on commission for the first $1 million of earnings. That is not on a per partner basis, it's across the entire of WeCommerce, and so it includes both Pixel Union as well as Out of the Sandbox. Conversely, for our apps portfolio, whether that is at Pixel Union apps or Foursixty or Stamped, that $1 million commission-free threshold applies across all of those businesses, not individually. We'll see some improved margin at Archetype directly from that. Offsetting that, as with most of our acquisitions, is that we will expect to build on that foundation, and add headcount to that business going forward. If we kind of look into your acquisition pipeline, should we expect more themes types acquisitions ahead of some of these commission changes, as well as maybe you can talk about the change in the pricing caps for the theme store? I think how we think about themes generally is that with Archetype, as Chris alluded to, we're clearly a leader in that space with our three brands, Out of the Sandbox, Pixel Union, and now Archetype. As it relates to future acquisitions, one, obviously it has to be a really strong portfolio at the right price. I think we can expect that the emphasis to remain on apps acquisitions going forward. I'm sorry, your second part of that question? Yeah, I was just wondering whether the change in commission and the pricing caps in the Shopify themes has any kind of impact on how you think about acquiring themes? Yeah, that's helpful. Yeah. How we think about that is that the addressable market for themes should expand, given that they're more extensible, the functionality is greater, and in theory, merchants shouldn't need to build custom offerings because of how extensible themes are today. The pricing caps, which for everyone's benefit, themes have been capped at $180 per theme for years now, and it's now more of a free market approach, although there's still a cap at $500. We think for a variety of reasons that there's not a lot of price sensitivity when it comes to theme pricing, whether it's $180 or $310, in our view, shouldn't necessarily impact unit sales that significantly. It's still too early to see how that plays out, given the changes were only unveiled, frankly, about 10 days ago. It's something that we're super excited about given Shopify continues to invest in this theme ecosystem. As I mentioned, it expands the addressable market and therefore in theory makes those acquisition targets more attractive to us. Sounds good. Last one from me. Any change to the activity and valuations in the M&A pipeline? No. Well, yeah, it's been interesting. I feel like we're still talking to a number of different founders. They're definitely still organically reaching out. Some valuation expectations have continued to swell. That said, I do think that we have such an unfair advantage in the space, really purporting ourselves as being for founders, by founders, and Archetype is a really great example of that. The Archetype founders, Paul and Carson, they reached out directly to us, and they kind of articulated to us that they wouldn't really want to sell to anyone else but WeCommerce, and I think it just really kind of just solidifies how our positioning in the ecosystem, I think is a real unfair advantage there. Sounds good. Thanks, guys. Thanks, Dan. Yeah. Thanks, Dan. We have our next question coming from the line of Robert Young with Canaccord Genuity. Your line is open. Hi, good evening. You mentioned a couple times the CFO search being a good place to start. Just maybe an update there, whatever you can share? Yeah. The CFO search, I feel like we kind of said this last time, but we believe we're incredibly close. We should have an announcement pretty soon. It's been a bit longer than we anticipated, but we're pretty happy with the candidates we've been speaking to, and we really think we'll have something to announce pretty soon. Okay. You're talking about momentum in the themes business post Unite. I thought, can you expand on that? Did you see it return back to previous levels, or are you seeing some pent-up demand that's catching up or maybe any other color you can provide on? Sorry, Rob. It's coming in a bit too garbled. I can't make it out. I think if I heard you correctly, Rob, you were asking about any sort of momentum changes in themes post Shopify Unite and now that theme partners have upgraded their stores. Is that right? Yeah. If you can hear me better now. Sorry if there's a bad connection here. Yep. Yeah, you'd said that you're seeing stronger momentum post Unite. I was just hoping you could expand on that. Is it returned back to normal? Is there pent-up demand that you're catching up on? Any other color there that you can talk about the theme? Pardon the interruption. The line of Robert has disconnected. Shall we move on to the next question? Ladies and gentlemen, we're experiencing technical difficulties. The conference will begin momentarily. Please stand by. Excuse me, the presenters are now back into main conference. Thank you, operator. We apologize everyone for that technical difficulty there. Operator, are there any other questions in the queue that we can address? Yes, sir, we still have the line of Robert Young. Your line is open. Hi, Rob. Okay, great. I'll ask the question again, hopefully, yes, there is the themes business. You said you saw momentum after Unite, and maybe you can just expand on that. Yeah, no, I'm happy to. I think the third time's a charm. He gave a great answer the first time, by the way. We have seen a good pickup in sales based on the past 10 days when the new architecture was really unveiled for most of the theme partners. Whether that is pent-up demand, whether that is a return to healthier volumes due to seasonality, or whether that is a true shift, I think it's frankly too early to tell. We do see stronger sales in Q3 and Q4, obviously leading up to Black Friday. That seasonality shifted a little bit in 2020, so Q2 was much stronger than it typically is. Suffice to say, it's too early to tell, but if the momentum continues as it is today, we'd be very pleased. Okay. The services business seemed to have very strong constant currency growth relative to the expectations that you guys set through the RTO. I was wondering if you could talk about that. Is that true, or is this seasonality? What would your answer be? Well, I would say part of that, especially for the agency business, was there was a drop in activity in Q2 of last year. There's a slight bump on a constant currency basis for that business. I think our long-term growth expectations for that business remain the same, Rob. Okay, that's just recovery. Oh, sorry, Rob? I was going to say that's just recovery off of the pandemic then, I guess. Somewhat. There is a very strong backlog of work there. I'd say if anything, the team is hiring to attempt to meet all the demand, and so we continue to have pretty strong expectations there. Okay, that's great. Maybe I'll just add to some of Dan's questions around the pipeline. Maybe just update us on the overall size. Is it still CAD 100 million revenue equivalent or has it grown? If you talk about, I think you've said it follows relatively a normal curve, the diversity of size in the pipeline. Maybe you could update that. That would be helpful. Yeah. I'd say the pipeline in terms of revenue, it's still north of $100 million of revenue that we're kind of in conversations with. We looked at the pipeline before this, and we have about 224 active conversations, and so we're talking with a wide swath of different types of founders in the space. I kind of think it's interesting, the two types of acquisitions we've done so far going public has just been overall indication. Stamped, we kind of think is that mismanaged gem. We think it's an exceptional long-term business. Archetype, while a bit smaller of a check, is just a great base hit, highly cash flow generative. Companies that we're looking at within the ecosystem, they kind of vary between those types of two goalposts, I'd say quite often. Okay. The competitive situation. There seems to be a lot of news today about Amazon roll-ups, Amazon store roll-ups, and maybe there's a Shopify, you have that to yourself for the moment. Are you seeing any increase in competition there from business models similar to yourself or VC and private equity getting more active? Anything you can say about that would be helpful. I feel like we haven't really seen a major uptick since the last time we talked with you about that. We still run across venture fairly often. A founder, they're either thinking about raising VC capital or they're looking for a full exit. In what we're offering to founders, I feel like we haven't really seen much competition. Okay. I think that's all the questions from me then. Thank you. Thank you, Rob. Thank you, Rob. We have our next question coming from the line of Alan Pentz with Corner Alliance. Your line is open. Yes, a new investor, but happy to be on the call today. Just first question, why even have the agency services? Obviously, lower margin service than your digital goods or recurring subscription. What's the thinking there? Does that help support the other lines of business? I think it does in some ways. I think if we're a factory producing wood chairs all day, what are the byproducts of that sawdust, and how can we turn that into new revenue lines? A great example of that would almost be having a touch point to merchant needs and just seeing what merchants are actually asking for and willing to pay for that they believe that doesn't exist in the ecosystem. It's kind of a paid insight as to what merchant needs are at any given moment. I also just think it takes advantage of the overall brands that we have. A lot of merchants do reach out to different brands that we have and are looking for work, and so it's nice just to be able to fulfill it and capture those dollars. Okay. How do you see, going forward, the acquisition pipeline, what are you looking at split-wise between those three lines of business? Yeah. I think our revenue split, at least for Q1, or sorry, for Q2 this year, it's about 60% apps, 15% agency, and the remainder themes. That's generally a pretty good breakdown of what our pipeline looks like in terms of opportunities. Maybe a little bit higher on the themes versus agency, but the majority of our pipeline are app and software opportunities. Got you. You had mentioned, I think earlier in the call, that you guys might be focusing a little more on the app side. Obviously, it's the majority of revenue versus themes. What's the thinking there? Is it the subscription, reoccurring subscription versus the one-time kind of thing, or why the emphasis on one versus? Yeah. It's a couple reasons that jump out. One is it's a larger opportunity, both in terms of the addressable market as well as the number of providers out there. We think there's a lot of low-hanging fruit, meaning either mismanaged gems or there are companies that have gone from zero to one and they're looking for a partner to take it from one to 10. There's a lot more of those opportunities within the app ecosystem. As you pointed out, the revenue is certainly more predictable as it is recurring subscription revenue, which generally makes it easier to invest in sales and marketing, as an example, and really have the operating costs at the right level for those businesses. You see some more variability in the themes business, which is not something that scares us all. It's just something you just need to make sure you have the right cost base for it. I don't know if you want to talk about the people you just bought it from. When you say mismanaged gems, what are you getting at there? Is it just like people are not optimizing for the ecosystem or what kind of things are you guys bringing to the table there? It varies from company to company, generally how we would describe a lot of individuals in this ecosystem is that they are accidental entrepreneurs. They're often developers. They often focus on product and only on product, have spent very little time thinking through pricing, value proposition, sales and marketing, really scaling from 1 to 10 versus just 0 to 1. That's where we say there are a lot of companies, frankly, that are run extremely lean, which wouldn't surprise me if that has scared many other buyers away. We're comfortable with those sorts of businesses, that's what we mean when we say mismanaged gems, which is there's a strong foundation to build on top of as you think about just rounding out the entire company. Good product, bad business. Business sense, yeah. Excellent. Well, that's it for me. Thank you for your time. Thank you. Yeah. Thank you for the question. Thank you. There are no further questions at this time. I will now turn the call back over to the speakers for any closing comments. Wonderful. Thank you, operator. There's been some really great discussion and some really enjoyable questions here. As everyone can hear, we're very excited about the business and especially to bring Stamped and now Archetype into the family. If there are any other questions that anyone has, feel free to just reach out to us. You can always email us. We're always happy to make time for you. We'll leave it there. Thank you, everyone. This concludes today's conference call. Thank you for participating. You may now disconnect.