 Today, I have the pleasure of speaking with Andriko Herchek from Fincana Capital. How are you? I'm doing great, Tracy. Thank you. And yourself? Well, I'm so grateful for this opportunity for having had a conversation prior to this interview because I was thinking your royalty model is really set up to help a lot of companies in the future. Absolutely. Yeah. We're designed to be profitable, unlike a lot of companies in our second cannabis sector who raise hundreds of millions of dollars, losing money quarter over quarter, very capital-intensive. We're the opposite, low capital costs, low operating costs, and we're designed to be profitable out of the gate. And also, it seems very nice for the initial investors in that you're not deluding the shares of the company. Oh, that's actually right. I mean, once we start getting into revenues and profits, then we continue to grow our portfolio and our treasury and expand our portfolio of new world investors. Well, I know there's a lot of investors out there that have a lot of questions. So thank you so much for joining us today. So I'm going to start with the cannabis market in general. Has had a lot of negative PR, simply, I think, from shareholders perhaps who saw unreal markets last year. But there's a real marketplace out there, and so why don't we just start with how your companies are faring? Sure. So we've invested in three companies that are active, two are in co-manufacturer, and one is in software compliance. They're based in California. We've heard a lot about COVID recently, COVID-19, and clearly had an impact on California. But one thing about the cannabis sector, it's been designated as an essential service. So although we're certainly experiencing some delays, but we're very fortunate to be a protected industry in California. Well, obviously you're building a lot of trust in the investment community. You just closed a two and a half million dollar convertible debenture. Would you like to talk to us a little bit about the highlights from that deal? Sure. So this closed, we announced this in July. There's really three parts to this convertible debenture. So we had an existing debenture that was going to mature in January, February of this 2021. So first thing we did is we extended the term of that, the maturity date by two extra years. So now we have two and a half years to either pay it back or have it convert. The second part of this, the big news was that we reduced the exercise price or the conversion price from 20 cents down to 15 cents. We traded close to 11 and a half cents, 11 and a half or 12 cents recently. So we have two and a half years to hit that 15 cent mark, which we believe we're definitely going to do. And so thereby we definitely reduced the balance sheet risk of the company. Finally, we raised an extra two and a half million dollars in the convertible debenture on the exact same terms as the existing. And up to two and a half million, half a million of that came from management. So myself and the CFO put up half a million dollars of our own money because we clearly believe in this company. Well, this morning we have a lot of contradictory data that's going out there. We were the headlines indicated the fastest bounce back from a bear market in the history of the capital markets. So because, of course, you not only put your own money into this company, can you talk about some of the competitive advantages about why an investor would select your shares or your stock and pick from Canada capital over everybody else? Yeah, that's a great question. And clearly what we like a lot about our company and the royalty model is that I should know as to we're the only pure royalty company in the Canada sector is once again, we're designed to be profitable. We don't need much revenue to be profitable. We've got three companies that are in operation. Our largest investment just started operations right now and is scaling up. And we're very excited about where we're heading right now. Okay, and your largest operation that you've invested in is, would that be the QVI cannabis facility that you're referencing? Okay, well, we are actually quite interested. Can you tell us a little bit more about that? Yeah, so QVI, which is the operating of the valley, located in Sonoma County, California, which is geographically, you couldn't ask for better location between the Emerald Triangle and the San Francisco Bay Area. It's also one of the lowest tax jurisdictions in the whole state of California. They're offering a co-co-manufacturing edibles facility, large scale. They can produce essentially any type of edible under one roof. Demand is off the charts of them right now. They're talking to mom and pops. They're talking to one of the largest brands in California. And as the CEO of QVI says, no one wants to produce their own edible anymore. They want to focus on what they're good at, is brand awareness, and they want us to be informed. We're expecting big things from them. They're in startup phase right now, but demand is off the charts, and we're expecting to have a very successful investment. As an investment banker, I was enjoying preparing for this interview, and the model is just so clean and intriguing. If I'm a private company, because it's private companies that you're seeking, is that correct? Are you looking to make any more investments right now, or are you just focused on the three that you have invested in thus far? Yes, and as far as expanding our royalty portfolio goes, we have a very strong treasury right now, but we are focused solely on our three existing investments, for them to get up and running, not just from up and running, but from operational success, where we're getting monthly royalties and our cash flow positive. Building up our treasury, and at that point then we will definitely be looking to expand our portfolio. There's no shortage of great deals out there right now. So this is kind of a contemporary and modernized index on some levels. So I'm stepping out a turn here, because it allows an investor who wants to get involved in the market to trust the management team you have, to select companies for them, and they're offered a portfolio versus just investing in one company. Tracy, you're absolutely right. Unlike an index, the companies that we invest in, they're actually synergistic. They call each other sister companies. They're working together to expand their customer base, to market together. So you're investing in different companies that don't compete against each other, but actually work with each other to maximize their revenues. So yes, an index that works together. We have been following the fund manager Henry Weingarten and his astrologers fund. He told me this morning that Trump is going to win, but he wasn't confident enough not to talk about what would happen if Biden did. He seems to think that there will be a rush to cannabis stocks, should Biden win? Do you have any comments on that or would you like to stay out of political questions? Well, you know, I can talk about what I've read as well and canaccord genuity, which is one of the largest investment banks in the cannabis sector. One of their analysts had a report that came out a couple of weeks ago that said their US index fund is actually outperforming the Canadian fund for four months in a row. In July, I think it was up like 30-some odd percent and they attributed that, that was not me. They attributed that to Joe Biden's remarks that if he wins, he will sign executive orders that will not necessarily legalize, but would de-schedule cannabis, which would have a very positive effect on the industry. But regardless who wins, I think that cannabis, the governments are desperate for revenues and cannabis is primed for taxation and for path towards legalization. Really appreciate your time. That was a very, very insightful commentary to my last question. And finally, for an interested investor or a current shareholder, can you give us any tidbits about what we should anticipate in the next upcoming quarter? Yeah, so we're very excited about the upcoming quarter. So first of all, it's harvest season. So for CTI, this is where they have the highest revenues of the year, which is great for our revenues. And then secondly, with QVI, they're in startup phase. Startup companies take time. But the demand that they're experiencing is off the chart from big brands to small mom and pops. They're looking to expand their footprint, expand in California, and they're looking to QVI really, to be their co-manufacturer and their co-partners. Once they start scaling up, and these revenues are sticky because it doesn't take... Once they have customers on, they're not easy to not click to leave. We're expecting QVI to be a very, very strong player in this industry. And we're looking forward to that, starting to ramp up this fall. Well, Andrico, I don't know if they would be willing, but can we potentially do an interview with you next round, where we have the head of QVI, as well with you? Oh, absolutely. And the CEO of QVI, she's a great leader but an industry for a very long time. And she's one of the reasons why we invested so heavily in this company. Okay. Well, we would love to do that. Thank you so much for your time and providing us with an update for Fincana Capital. Tracy, thank you so much. Really appreciate it.