About
Introducing on this current morning's call, we have Zach
George, CEO; Andrew Stordeur, president and head working official; and Jim
Keough, CFO. Before we start, I might want to remind financial specialists that
specific issues examined in the present telephone call could establish
forward-looking proclamations. Genuine outcomes may vary physically from those
envisioned. Hazard factors that could influence results are nitty gritty in the
organization's money related reports and other open filings that are made
accessible on EDGAR and SEDAR.
Much thanks to you, Jayson. What's more, thank you,
everybody for going along with us on our final quarter and entire year 2019
profit call. I was selected as Chief Executive Officer around two months back
on January 30. I acknowledged the job as a result of my enthusiasm for
Sundial's one of a kind resources and its information driven way to deal with
item advancement.
These elements speak to upper hands in a difficult
developing industry, one that is quickly being defended and combined. While
Sundial has accomplished a few significant achievements over the previous year,
the organization has likewise confronted various interior and outer
difficulties, including operational troubles, overabundance influence, poor
cost controls, administrative deferrals and quickly developing industry
conditions. So as to be fruitful in pleasing our center shoppers, the Sundial
group is committed to improving our concentration and control at each degree of
the business. I'm eager to work with the initiative group that has profound
involvement with customer bundled products and modern farming.
During these beginning of my residency, I've been enlivened
by the Sundial group's readiness to grasp change and work together in a
definitive way. During this remarkable emergency identified with COVID-19, our
corporate and cutting edge staff have demonstrated enormous devotion and
fearlessness. Numerous regions have regarded cannabis to be a basic help, which
in a very testing condition, inspires us to keep on conveying excellent items
to the Canadian market. We have rolled out some critical improvements in Q1 to
situate Sundial for progress.
As we seek after gainful self-continuing tasks in 2020, our
essential corporate destinations are as per the following: to convey
industry-driving, top tier items with an emphasis on inhalables, to de-hazard
our monetary record and improve liquidity, to expand our ability use to open
the estimation of our top notch resources and to lead a restrained survey of
our arrangement of activities in Q1. As I demonstrated, de-taking a chance with
our monetary record and improving liquidity are key needs. We are at present in
dynamic arrangements to make sure about and conclude the financing exchange.
Also, we are in conversations with our loan specialists to rebuild our credit
understandings into worldwide credit offices.
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