A – Billy Gifford: Yes, so let’s break that down. So the first part, I think if you think about the e-vapor category, certainly there’s a large pod base of consumers and so we certainly see that as an opportunity. And you heard in the remarks, you know the NJOY ACE is the only pod that has received FDA authorization. When you think about the disposable side, the growth, at least what we’re seeing in the marketplace is with the factor of flavors that are illicitly in the marketplace. So as the FDA certainly steps up enforcement and we see enforcement take place and those illicit products come out of the marketplace, we see the potential again, because NJOY was able to receive authorization for their disposable, the opportunity for growth in that space.
But we feel like the appropriate focus is on that large pod base, consumer base, until the illicit plethora of flavors and the flavors that are illicitly in the marketplace are cleaned up. From a standpoint of the age restriction I think you were referring to, you know we just recently closed it and we’re excited about that technology. We’re assessing the timing of following that. You know we would have a target in mind by the end of this year. But I think what’s so exciting about it is it’s the regulatory team that we certainly welcome onboard from the NJOY that was – that successfully navigated it. It’s the only pod based product that has navigated the regulatory. So we’re excited. They had started the application and again, we would target following that by the end of the year.
Gaurav Jain: Sure. Thank you. And can you also update us on this Juul patent litigation that they have filed against NJOY, which I found very surprising, considering I thought you would have – when you walked away from June, you would have gained access to all their IP. So could you just help us understand what’s happening there?
A – Billy Gifford: Sure. We believe that the litigation against us is meritless and we’re vigorously looking to respond to that. If we step back from it, we think it’s interesting that Juul only brought the suit after we completed the acquisition. The litigation, if you think about it from a standpoint of the merits of it, it really feels like a bit of an active desperation if you will. The spiteful competition is really from the only pod based product that the FDA has determined appropriate for the protection of public health. So we see it as meritless.
Gaurav Jain: Okay, sure, and if I could just sneak in one last one, because you mentioned that on! PLUS you will launch in Sweden even if it is targeted. Would you also be looking at launching NJOY internationally at some point of time?
A – Billy Gifford: Yes, the focus currently as we mentioned, you know still in the distribution gaps on the existing stores in the U.S., expanding distributions to approximately 70,000 stores by the end of this year, and we’ll come back to you on international, and any international plans when it’s appropriate.
Gaurav Jain: Well, thank you so much.
A – Billy Gifford: Thank you.
Operator: And there appears to be no further questions at this time. I would like to turn the call back over to Mac Livingston for any closing remarks.
Mac Livingston : Thank you for your time this morning. If you have any follow up questions, please feel free to reach out to the Investor Relations team. Thanks and have a great day!
Operator: This concludes today’s call. Thank you for your participation. You may disconnect at any time.
