Leo Gontmakher: I just want to add a little something. Just as a generality, our company is built and prepared for price compression and for competition. Since day one, we’ve been focused on operational excellence, efficiencies and making sure that all our operations are scaled and ready to compete in environments like California, like Washington, understanding that as these markets limited license or not grow and competition continues to come online, there will be price compression, and it’s definitely going to be a battle. And we feel that we’re in one of the best positions if not the best position in the industry to be able to take on these kind of markets.
Karl Chowscano: I think I might add, Leo and Brandon that we can say that we do that, right? But I think Massachusetts is a perfect example of us doing it. And that is taking what we’ve done over 10 years, taking NECC as a facility, increasing all the quality of all of our facilities and creating great product. And when you create great product, you sell great product, no matter where the price is going, you are still selling your product. We calculate, let’s say, between three and four of Canopy per store depending upon the 40% limit or what have you. And that would enable our Phase 1a of the facility to be able to handle 10 stores and have a little bit left over for wholesale. As that progresses, if we can get the financing secured relatively quickly, which you know is our intention, then we will start snapping up these — the social equity licenses that are coming for us.
But in addition to — sorry, that are available for us to open up. And we hope to be ramping up to 10 maybe when the facility is fully ramped up because just because you open up a facility doesn’t mean it’s completely producing at the full capacity. So the 42,000 square feet of canopy, flower the first stage of Phase 1 could dovetail beautifully into four or five stores, i.e., two or three or four additional stores within the next eight months or so. So, we’re pretty excited about the congruence of the I think one thing also worth mentioning is that the pricing compression seems to be manifesting itself more or less, let’s put it this way, in the more value-added products. And that’s what we’re really good at. So, we’re really excited about the processing element of our facility in Matteson and the ability to produce those products, those high value-added products and high-quality, less value-added products to be able to fight off any compression and at least outcompete.
That’s what we believe we can do with it Leo.
Operator: There are no further questions at this time. Please proceed.
Andrew Thut: All right. Well, thank you, everyone. I appreciate everyone attending, and I look forward to updating everyone on our progress in about six months’ time. Have a good night. Thanks.
Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.
