Upexi Inc Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Ben Piggott - EF Hutton Acquisition Corporation I - Analyst : Hey, Allan. Congrats on all the portfolio shuffling you guys have done. Just a quick question, the company historically has bought back stock as well in terms of kind of the capital allocation philosophy. Just you know attractiveness of the stock relative to the acquisition opportunities that you're seeing out there [just] given the balance sheets in -- much better shape with the divestiture in the CBD assets. Thanks.

Question: Ben Piggott - EF Hutton Acquisition Corporation I - Analyst : Did you guys get my question?

Question: Ben Piggott - EF Hutton Acquisition Corporation I - Analyst : Yeah. I'll repeat it. I mean, the question was you guys have a history of doing smart M&A as well as buying back stock. And it's really just kind of a capital allocation question at this point, where you look at where the shares are at, though the M&A opportunities that you're seeing and understanding that those are getting better as market is softening. Just kind of talk to us about capital allocation priorities, especially in light of having a much stronger balance sheet with the divestiture of the CBD assets?

Question: Ben Piggott - EF Hutton Acquisition Corporation I - Analyst : It's helpful. Thank you.