Elshad Garayev: Yes. I want to highlight that even we didn’t – as I noted, we didn’t formally publish 4Q results, but we experienced a strong quarter as it relates to the inventory. A few highlights. Notable increase in raw materials, supplies indicate investment in more inventory in support of increase in sales in revenue. So it was effectively built up in preparation for 2023. Growth in harvest cannabis implies production capacity and efficiency and cannabis cultivation base improved in ’22, contributing to a more robust inventory position, more robust position also indicates a remarkable change in inventory data, substantial increase in finished goods, gross also indicative of higher demand for our products, as well as strategic decision to maintain a larger inventory to quickly fulfill our customer data, customer orders, as well as capitalize on market opportunities.
In closing, we feel very confident that we have an ability to fulfill inventory needs for both our existing as well as new acquired businesses ultimately positions us to support our customer base as we are able to meet that demand.
Unidentified Analyst: Okay. Thanks so much. And best of luck in the full year 2023.
Jessie Casner: Thank you, Steve. Okay. So I want to move to some of the questions that have come through from our attendees here. So Luis, can you give us your outlook on how you look at the results of the Vessel acquisition that was completed in November of 2021?
Luis Merchan: Yes. Thank you for that question. I would say it’s important to once again reinforce why we acquired in the first place. The company had an incredible talent base as evidenced by our own Jessie Casner here today. They also are in accessories and a hardware company. And we firmly believe that as cannabis move to the mainstream, the adoption of cannabis will be directly related to how consumers are going to experience that product. And Vessel is a step ahead of any other company out there. We fully integrated the Vessel operation into our JustBrands operation in Fort Lauderdale. The brand is experiencing meaningful organic growth today. We feel confident about the future of the brand, where the team is going in terms of product innovation.
As Jessie mentioned, we launched our dry-herb line, and there’s going to be more incredibly and exciting products for consumers that are going to be launching in the upcoming weeks and months. And we feel confident that Vessel will be a key unlock to expanding the total aggregate market that the cannabis industry will present in the upcoming years.
Unidentified Analyst: Great. Thanks, Luis. And can you give a quick update on the Tonino Lamborghini partnership?
Luis Merchan: Yes. We take very seriously the Tonino Lamborghini project. This is a project that we’re very passionate about, but the Italian house is very passionate about as well. And we have ensured that we have taken our time to bring a product that will be in line with the expectations of the Tonino Lamborghini brand. And for that reason, we have evaluated not only the coffee launch, but also the product categories that we believe are most suited for consumers that are aligned with that brand. We’re going to continue to iterate and we believe that we’re going to have some incredible surprises for our consumers in the second half of 2023.
Unidentified Analyst: Great. Thank you. And then can you, Luis, and Elshad as well, just give us a little bit more of a deep dive on the acquisition and integration of Franchise Global Health. It was completed at the very end of 2022. I think around the 23rd of December. So obviously, as we are reporting up to the 31st of last year, that was early days, but a little bit more information, recapture of perhaps the total purchase price and just a bit of an update would be really helpful.
