Reeds Inc (REED) Q1 2025 Earnings Call

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WEBVTT 00:00:00.183 -- 00:00:05.207 Good morning, and welcome to REIT's first quarter 2025 earnings conference 00:00:05.207 -- 00:00:09.751 call for the three months ended March 31st, 2025. 00:00:09.751 -- 00:00:13.534 My name is Angeline, and I will be your conference call operator for today. 00:00:13.534 -- 00:00:19.219 We have prepared remarks from Cyril Wallace, REIT's Chief Executive Officer, 00:00:19.219 -- 00:00:22.342 and Doug McCurdy, REIT's Chief Financial Officer. 00:00:22.342 -- 00:00:25.445 Following the remarks, they will take your questions. 00:00:25.445 -- 00:00:29.512 Before we begin, please take note of the company's cautionary statement. 00:00:29.512 -- 00:00:34.339 Today's call will include forward-looking statements, including statements about Reed's 00:00:34.339 -- 00:00:40.126 business plans. Forward-looking statements inherently involve risks and uncertainties 00:00:40.126 -- 00:00:45.153 and only reflect management's view as of today, May 14, 2025, 00:00:45.153 -- 00:00:48.638 and the company is under no obligation to update them. 00:00:48.638 -- 00:00:53.805 When discussing results, the presenters may refer to non-GAAP measures, 00:00:53.805 -- 00:00:57.190 which exclude certain items from reported results. 00:00:57.190 -- 00:01:02.245 Please refer to Reed's first quarter 2025 earnings release on REIT's investor 00:01:02.245 -- 00:01:05.306 website at investor.reitsinc.com 00:01:06.409 -- 00:01:12.955 and its quarterly report on Form 10-Q for the period ended March 31, 2025, 00:01:12.955 -- 00:01:18.401 expected to be available on the website soon for definitions and reconciliations 00:01:18.401 -- 00:01:23.646 of non-GAAP measures and additional information regarding results, including 00:01:23.646 -- 00:01:28.764 a discussion of factors th...