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Thanks quite for having us here. We have a 35,000 square foot facility in midtown Buffalo now, and we use about 72 individuals. The tolls have actually affected us in a number of methods, along with everybody else, our boosted expense of ingredients. We purchase our seeds and flowers from American firms who import them from throughout the world.

We have soaked up that expense so our margins have reduced. We go to a ceiling with the price it's a premium product, so it is $10-11 as a few of you all recognize and we really can't press that up. So, like I stated, we have actually taken in that boost in the expense of goods and, as we are a quickly growing firm, we are simply putting those revenues back right into business.

Just recently I participated in an airline profession show, which has a significant chance for us to get onto the airline companies as a treat. Doing an usefulness study and looking at the equipment, all the quotes we got for devices had that line product plus tariff, and there was generally no rate connected with that so it was a wager and we didn't want to risk it.

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That's a genuine pity that a business like yours has growth possibility, but the unknown of what the tariffs might be when they literally place that on the RFPs. And I presume that's happening elsewhere. That's going to stifle individuals's capacity to expand and seize new chances since you can not make a commitment without understanding what your costs are going to be.

I wish to present Jon Notarius, Vice President of Premier White Wines and Spirits. Familiar with any person in this space. Thank you. Echoing the remarks in the area the unpredictability of when to acquire points, just how much stuff prices, shipment prices. In the a glass of wine service, if I most likely to Bordeaux and purchase, as an example, this happened in 2022 town of Bordeaux, purchased a lot of white wine.

It's also based on the Euro and a lot of individuals do not recognize the difference in the Euro compared to where it was 18 months ago is possibly one more 15 percent that's also created by the tariffs. It compromises the dollar, makes whatever more expensive. So basically I'm paying 20 to 30 percent more for things that we committed to 2 or three years ago.

The other thing that I assume is truly real in our business is that there's several levels. Since of the three rate system, you have an importer, you have a host wage, you have a sales person, you have a person supplying the product. Those are all affected by tariffs because we're getting less, we're selling less.

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There are maybe 100-200 shop wholesalers, importers that operate in New york city State, pay sales tax, pay salaries, pay real estate tax. And I assume this year probably 10-15 of them failed straight associated to tariffs. That's kind of the state of the white wine and alcohol company and I believe there's a misconception since a lot of people think it's these international huge firms.