It’s just currently that we want to under promise, over deliver as usual, and just being cautious on that front.
Andrew Semple: That additional color was very helpful. Thank you, Raj. Moving to another topic, I just wanted to touch on the German market. As you look to enter that potential market opportunity, do you have any views on how the German market may regulate adult-use cannabis retail distribution as of yet? Have those rules been made clear, and do you have any thoughts on timing? I know you said it’s early as this spring, but as we go back to our models, how should we be thinking about timing after this potential opportunity?
Raj Grover: Sure. So, Andrew, this is all speculation at this point, but educated speculation, I will call it. So we’re hearing that Germany will introduce legislation this spring. A draft legislation will come out, and retail sales could commence as early as first — calendar first quarter in Germany next year in 2024. And we’re keeping a very good eye on this, on all of the developments that are coming out of Germany. And this is why, we are very excited about this strategic partnership we are forming with Sanity. We wanted a solid partner on the ground to execute our game plan, and I think Sanity fits that bill perfectly. They are a leader in their home country in Germany, and our business lines are very complementary in nature.
So we’re a retail-focused company, and they’re a producer and distributor of cannabis brands. And we wanted to put this out because we wanted our investors to understand that we’re not just talking about things. We’re very serious about entering the German market. And if you look at Sanity, they’ve been doing some incredible things in Germany already. They can assist us with high-quality M&A targets in Germany and other EU markets as well as — for winning retail licenses organically. And also, both companies can also work together now in government outreach efforts, which we’ve already begun. And then, we will also assist Sanity on multiple things, helping them position and build their brands, obviously subject to provincial and federal regulations in Germany, as we have tons of experience in Canada as we have, by the minute, information on what these — what kind of products are moving in Canada, and what is the cannabis consumer looking for?
So it’s a great partnership. We’re very excited about the German market. We think it will open up first quarter — first calendar quarter 2024, and we are going to be ready when that happens.
Andrew Semple: Great. Understood. Thank you very much, and congrats again on the solid results.
Operator: That concludes today’s Q&A portion of the call. I’d now like to turn the session back over to High Tide’s Chief Executive Officer, Raj Grover, for final comments.
Raj Grover: Thank you, operator, and thank you to everyone for your interest and continued support for High Tide. We’re very proud of what we achieved this quarter and remain excited about our growth trajectory. With that, I will ask the operator to close the line. Have a great day, everyone.
Operator: That concludes today’s High Tide Inc. year-end 2022 earnings call. You may now disconnect your line.
