HEXO Corp. (NYSE:HEXO) Q3 2019 Earnings Conference Call Transcript
Jun 13, 2019 • 08:30 am ET
Good morning, and welcome to HEXO Corp's Third Quarter Fiscal 2019 Earnings Call. After the presentation, we will conduct a question-and-answer session. All lines have been placed on mute to prevent any background noise. (Operator Instructions) Thank you. Please note that this call is being recorded today June 13, 2019 at 08:30 A.M. Eastern time.
I would now like to turn the call over to Jennifer Smith, Director of Investor Relations at HEXO Corp. Ms. Smith, you may proceed.
Good morning, everyone and welcome to HEXO's third quarter earnings call. We will start with a presentation by our CEO, Sebastien St-Louis, who will recap the Company's third quarter results, the recently completed acquisition of Newstrike Brands Ltd and our financial outlook before opening the floor to questions from financial analysts.
Before we begin, I would like to remind you that today's presentation contains forward-looking information that involves known and unknown risks and uncertainties, and other factors that could cause actual events to differ materially from current expectations. These statements should not be read as assurances of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. A more complete discussion of the risks and uncertainties facing the Company appear in the Company's annual information form, and the Company's management discussion and analysis for the three and nine month periods ended April 30, 2019, which are available under the Company's profile on SEDAR. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. The Company disclaims any intention or obligation, except to the extent required by law, to update and revise any forward-looking statements as a result of new information, future events or for any other reason.
Thank you, Jennifer. Q3 was a busy quarter. Our vision to become top three global cannabis company and top two in Canada, is based on three pillars, operational scalability, product innovation and brand leadership. Our investments in our resources, technology, infrastructure, and especially human capital is critical to achieving that goal and through this quarter, we've made meaningful progress.
Under the direction of our Chief Innovation Officer, Veronique Hamel, we're continuing to expand our R&D and innovation team with top scientists, chemists who have extensive experience in CPG companies such as Kellogg's, Church and Dwight, Coca-Cola, Philip Morris, Campbell's Soup, Smucker's, that's just to name of few. We now have 25 PhDs on staff. They're focused on developing new and innovative products for the market, best-in-class technology for our Powered by HEXO experiences.
Building on our innovative technology is critical in building brand. We believe that brand will be the final moat by which CPG cannabis companies are differentiated. But in the meantime, those products and that moat will be built on distribution and technology. Having consistent quick on and quick off cannabis experiences that include sleep, sport, focus,