Reeds Inc (REED) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.678 Good morning, and welcome to REIT's second quarter 2025 earnings conference call for 00:00:04.678 -- 00:00:08.864 the three and six months ended June 30th, 2025. 00:00:08.864 -- 00:00:11.648 My name is Anas, and I'll be your conference call operator for today. 00:00:11.648 -- 00:00:16.376 We will have prepared remarks from Sir Wallace, REIT's chief executive officer, and Doug 00:00:16.376 -- 00:00:20.502 McCurdy, REIT's chief financial officer. Following their remarks, they will take your 00:00:20.502 -- 00:00:21.944 questions. 00:00:21.944 -- 00:00:25.229 Before we begin, please take notes of the company cautionary statement. 00:00:25.229 -- 00:00:28.494 Today's call will include forward-looking statements, including statements about REIT's 00:00:28.494 -- 00:00:32.794 business plans. Forward-looking statements inherently involve risks and uncertainties 00:00:32.794 -- 00:00:38.080 and only reflect management's view as of today, August 13, 2025, and the company 00:00:38.080 -- 00:00:43.106 is under no obligation to update them. When discussing results, the presenters may refer 00:00:43.106 -- 00:00:47.532 to non-GAAP measures, which exclude certain items for reporting results. 00:00:47.532 -- 00:00:52.057 These refer to REIT's second quarter 2025 earnings released on the REIT's investor website 00:00:52.057 -- 00:00:54.218 at investor.reitsinc.com, 00:00:54.961 -- 00:00:59.633 and its quarterly report on Form 10-Q for the period ended June 30, 2025. 00:00:59.633 -- 00:01:04.659 Expected to be available on the website soon for definitions and reconciliations of 00:01:04.659 -- 00:01:08.244 non-GAAP measures and additional information regarding results, including discussion 00:01:08.244 -- 00:01:11.528 of factors that could cause ac...