Turning to our balance sheet as of June 30, 2020 our consolidated cash position was a CAD162 million compared to CAD230 million as of March 31, 2020. So we ended up at the year-end still using some systems we hadn't expected to use. And when the FDA goes forward those companies with the history of compliance and in brick-and-mortar will win and I think Reliva will be a wonderful asset and EBITDA at its most conservative estimate CBD represents over CAD1.8 billion or CAD2 billion in retail revenue. We will be much more interested in the market share of our premium and super premium categories, much more interested in the market share of categories such as vapor and pre-rolls and concentrates that are margin accretive and if others want to play in that deep discount flower business that really has compressed margins in order to boost their overall company market share so be it. The history of global CPG brands is rooted in building capabilities and core competencies in their home markets that are then portable globally and that is what we intend to continue to build here at Aurora. Our next question comes from the line of Matt McGinley with Needham. No, I'm absolutely it's the latter. Throughout my career I’ve implemented multiple examples on simple well executed plans resulting in outside gains in CPG categories. I've spent my entire career in sales, marketing and leadership roles within the regulated CPG product industry. View our full suite of financial calendars and market data tables, all for free. So that environment when you can be having a you know a strongly articulated flower portfolio as well as also being in a situation where the byproduct can find its way in to the margin accretive products and you can have a fully articulated portfolio where you know you're doing you know a decent amount of your business and in super premium a strong amount of your business and in the premium and you have a necessary amount in the discount that clearly should have significant margin impact as well as the impact of selling higher margin items such as premium vape pre-rolls and concentrates. I'm pleased to be working with the team on tactical plans to establish Aurora as a profitable growth-oriented leader in the global cannabinoid market.

One, there is a note kind of that we may add in our press release may alluded to it in my remarks. Now, that facility in Denmark will allow us to ship from Denmark to Germany and the rest of the EU and other parts of the world, particularly those parts of the world that really look for GMP products. They've taken a really dim view of those that have pivoted to online sales. This begins with managing the business for the high degree of fiscal discipline, especially in the midst of a global pandemic.

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We've had success in the German market where actually, number one provider of flower we’ll continue to see opportunities in the oil market and we're closer to achieving some really important regulatory milestones, including GMP certification in our operations in Denmark. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 And that's always going to have a lower margin profile. This includes continuously looking for more effective ways to connect with our consumers and opportunities to extract efficiencies from our operations. Sure, Andrew. I will say it's one of the things that really attracted me to the job.

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