Operator

Welcome to the 22nd Century Group's First Quarter 2026 Conference Call and Webcast. [Operator Instructions]

It is now my pleasure to turn the floor over to Matt Kreps of Investor Relations for 22nd Century Group. Please begin.

Matthew Kreps
Investor Relations

Thank you. Hello, and welcome to 22nd Century's First Quarter 2026 Results Conference Call. Joining me today are Larry Firestone, CEO; and Dan Otto, CFO.

Earlier today, we issued a press release announcing our results for the quarter ended March 31, 2026. The results release and 10-Q will be available in the Investors section of our website at xxiicentury.com. Today's call will include prepared remarks from Larry and Dan, updating you on 22nd Century's business, operations, strategy and financial results through March 31, 2026, and subsequent events post the close of quarter end.

Before we begin, a few reminders for today's call. Some of the statements made today are forward-looking. Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in our annual, quarterly and other reports filed with the SEC.

During today's call, we may also discuss non-GAAP financial measures, including adjusted EBITDA, which we define as earnings before interest, taxes, depreciation and amortization as adjusted for certain noncash or nonoperating expenses. For more details on these measures, please refer to our results release issued earlier today.

And with that, I will now turn the call over to Larry.

Lawrence Firestone
President, CEO & Chairman

Thank you, Matt. Good morning, everyone, and