Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q2 2023 Earnings Call Transcript

Bill Toler: Yes. It’s funny. We see it almost as a bifurcated state in the sense that North Cal is doing okay, and Southern Cal is really doing much worse than most other areas. So, it’s a bit of that spread, right. And so I would say North Cal is slightly healthier and Southern is not as good. And so those are things that we are seeing. And we think that a lot of people left the market in California and went to other states to do things. And I think now it’s at least settled out. So, we are not lapping the monster numbers that we were back in ‘21. So, we got a little bit of an easier lap which helps, but also maybe some stabilization in some of these markets because pricing is it moves around a lot, but it’s overall starting to stabilize on the cannabis side, but it hasn’t really gotten back to any kind of a healthy level yet.

Jesse Redmond: Great. I appreciate the color. Thank you.

Bill Toler: Thanks Jesse.

Operator: Thank you. There are no additional questions at this time. So, I would like to pass the floor back over to Mr. Toler for any additional closing remarks.

Bill Toler: Great. Thank you all very much for your support of Hydrofarm. We appreciate you being on the call with us and look forward to further discussions. Take care. Have a good afternoon.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Once again, we thank you for your participation and you may disconnect your lines at this time.