Thank you, Jessie and good afternoon and good evening to those on the east coast. We appreciate you joining us and we are honored to again have so much growing interest in urban-gro. I am excited to speak with you today and also answer questions about our progress in Q1 as we continue to deliver strong results and execute on our strategic plan. My name is Bradley Nattrass, I am the Co-Founder, Chairman and CEO of urban-gro. And joining me on the call today is our Chief Financial Officer, Dick Akright, who you will hear from a little later.
For those new to the story, urban-gro is a global horticulture company that engineers, designs and integrates complex environmental equipment systems into controlled environment ag facilities. Further for operating facilities, we offer a managed services platform that leverages our expertise and provides our clients with a suite of service solutions focused on increasing crop yields, preventing downtime and driving business continuity.
We are based in Lafayette, Colorado and in our eighth year, we have 49 employees. Of which approximately two-thirds are what we refer to as experts, professional engineers, mechanical, plumbing, agricultural, controls engineers, masters plant science, horticulturist and environmental scientists, overall, a group of individuals who have a strong history of growing multiple crop types. It’s the skill set and the expertise acquired from working on more than 300 controlled environment ag facilities that sets us apart and provides a competitive advantage. From our clients perspective, it’s our willingness to solve the toughest issues that they face that attracts them to urban-gro, whether it be an underspecified mechanical system that needs to be optimized by our mechanical engineers in order to properly keep the environment controlled or an acquisition situation, the need for the acquirer to efficiently integrate the facilities of the company that are acquiring through our energy and to shore the optimization audit or perhaps a severe pest outbreak that requires our plant scientists to travel out and not only solve the issue, but then design an integrated pest management program to proactively prevent further outbreaks. It’s this dedication to working side by side with our clients that allows us to maintain current relationships, attract new business and is driving our continued revenue and market share growth.
As you can see from our release this evening, we continue to deliver results our momentum from the second half of last year has continued to strengthen in Q1 and it further validates the strength of our team and our ability to execute.
For the third consecutive quarter, we again achieved record quarterly revenues positive adjusted EBITDA and backlog which as a reminder is signed contracts have not shipped yet. Further and for the first time we also had positive income from operations in Q1.
Moving forward in ‘21, we are in a position of strength as we execute on marketing opportunities in both controlled environment ag markets cannabis and food. After primarily working in the legalized cannabis space since our inception, our acquired massive knowledge from working around the most valuable crop in the world has given us a great entry point into food. And as such, not only are we continuing to capture more market share in the global cannabis market, we are also successfully expanding our reach within the food focused vertical farming market as well.
As we increase top line revenues while driving to increase margin as well, our focus continues to revolve around the following three growth initiatives in both controlled environment ag markets.
First, aggressively expanding our services offerings both prior to the facility build-out and after the facility is operational; second, it’s launching an end-to-end turnkey facilities solution; and third, expanding our global reach.
First, we continue to build out our managed services offering, which is branded gro-care. And gro-care, it leverages our team of experts that I talked about earlier on our acquired expertise to provide a suite of important services to our clients’ operating facilities. Through a monthly subscription model, this program offers solutions that combined, strengthen yield results, prevent downtime and drive business continuity.
We expect the demand for this offering to be strong. We provide enhancements and solutions that ultimately help our clients do what they are best at grow plants and grow profits.
Second, we continue to make progress in the development of our turnkey facility offering, where it was just a few targeted acquisitions we will have the capability to deliver operation-ready high performance facilities to our clients.
In addition, these synergistic, accretive and service-focused acquisitions will also complement our existing business by providing a cascading effect on revenue and margins. Number three and finally, we are making solid progress with our expansion into Europe and we will definitely open our European office as soon as permitted. We believe Europe represents a tremendous opportunity that at least from a cannabis perspective is similar to where the U.S. and Canadian markets were 4 to 5 years ago. In Q1, we signed two commercial agent representation agreements and we are already working on multiple opportunities as a result of those agreements. With that, I will now turn the presentation over to Deck to present our results for the first quarter of ‘21. And after he finishes, we will move into the Q&A session. Dick, please take it from here?