Core Insights - BioHarvest Sciences Inc. has been invited to present at the Canaccord Genuity 45th Annual Growth Conference scheduled for August 12-14, 2025, in Boston, Massachusetts [1] - CEO Ilan Sobel will conduct one-on-one meetings with institutional investors and will present the company's growth plans during the conference [2][3] - The company is focused on building momentum in both its consumer and contract development and manufacturing organization (CDMO) businesses, aiming to scale operations effectively [3] Company Overview - BioHarvest Sciences Inc. specializes in Botanical Synthesis, utilizing its patented technology to produce plant-based compounds without the need for growing the actual plants [4] - The company operates in two main business verticals: as a CDMO for clients seeking novel plant-based compounds and as a creator of proprietary nutraceutical health and wellness products, including dietary supplements [4]

Core Insights - Limitless X Holdings, Inc. has registered its wholly owned subsidiary, HealthMD Inc., to enhance its offerings in the Health, Wellness, and Lifestyle sectors [1] - HealthMD Inc. aims to deliver a new suite of health-forward products and AI-integrated technologies, capitalizing on the growing demand in the health and wellness industries [2][5] - The initiative is expected to create a synergistic ecosystem that complements Limitless X's existing Consumer Packaged Goods division, focusing on direct-to-consumer dietary supplements [3][4] Industry Overview - The global wellness market is valued at over $5.6 trillion, with the U.S. market projected to exceed $2.4 trillion by 2027 [7] - Approximately 40% of the U.S. population suffers from chronic conditions, leading to over $4 trillion in annual healthcare costs, many of which can be addressed through lifestyle and wellness interventions [7] - The AI healthcare market is anticipated to grow to over $187 billion globally by 2030, with the health technology sector expanding at a compound annual growth rate (CAGR) of 19.8% [7] Strategic Growth and Value Creation - HealthMD Inc. is expected to drive top-line revenue growth through diversified offerings and achieve higher gross margins via technology-enhanced wellness products [8] - The initiative reflects the company's commitment to building enduring brand value and expanding its leadership position in the wellness industry [6] - By aligning digital health innovations with trusted supplement brands, the company aims to increase customer retention and strengthen long-term brand loyalty [4]

Core Insights - Natural Grocers is actively supporting flood relief efforts in Central Texas through a campaign that emphasizes community commitment and compassion during disasters [2][3]. Company Overview - Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and operates as a specialty retailer of natural and organic groceries, body care products, and dietary supplements [3]. - The company adheres to strict quality guidelines, ensuring that its products do not contain artificial flavors, preservatives, or sweeteners, and exclusively offers USDA-certified organic produce and pasture-raised dairy products [3]. - As of fiscal year 2024, Natural Grocers has invested over $15 million in additional compensation and discretionary payments for its employees, reflecting its commitment to its workforce [3]. Community Commitment - The company’s principle of "Commitment to Community" is highlighted in response to the catastrophic flooding, showcasing its dedication to supporting local neighborhoods affected by the disaster [2][3]. - Raquel Isely, the vice president of marketing, emphasized the importance of community support during difficult times and expressed gratitude for the local team's quick response to the need for relief efforts [3]. Store Locations - Natural Grocers operates 169 stores across 21 states, providing a shopper-friendly environment with affordable prices [3].

Core Insights - Natural Grocers has been a reliable source for organic and natural groceries in Southwest Kansas City since its opening in 2015, adhering to its Five Founding Principles [1][5] - The company celebrates its 10th anniversary in the Mission community, highlighting the alignment of its values with the community's focus on health and wellness [2] Company Overview - Founded in 1955, Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) specializes in natural and organic groceries, body care products, and dietary supplements, with strict quality guidelines [5] - The company operates 169 stores across 21 states, providing USDA-certified organic produce and pasture-raised dairy products [5] Anniversary Promotions - To celebrate its 10th anniversary, Natural Grocers is offering limited-time deals for {N}power members, including surprise offers and $10 deals from June 27 to June 29 [3][4] - Customers can join the {N}power rewards program for free to access these offers, which include specific product discounts [4][7]

Core Insights - Natural Grocers, founded in 1955, is a specialty retailer of natural and organic groceries, body care products, and dietary supplements, with a commitment to high-quality standards and affordable pricing [5] Group 1: Company Overview - Natural Grocers opened its first store in Arkansas in 2015 and currently operates three locations in Fayetteville, Jonesboro, and Little Rock [1][2] - The company emphasizes its commitment to health, animal welfare, and regenerative agriculture, which resonates with health-conscious consumers [2] - Natural Grocers has a flexible smaller-store format that allows for affordable pricing in a clean and convenient retail environment [5] Group 2: Customer Engagement - The company celebrates National Arkansas Day from June 15-17, 2025, offering freebies and extra savings for {N}power members [2][6] - {N}power is a free customer rewards program that provides exclusive discounts and rewards points for every visit [3] Group 3: Employee Commitment - Natural Grocers employs over 50 crew members in Arkansas and is dedicated to their physical, emotional, and financial well-being through various support programs [4] - In fiscal year 2024, the company invested over $15 million in incremental compensation and discretionary payments for its crew [5] Group 4: Product Standards - The grocery products sold by Natural Grocers must meet strict quality guidelines, including being free from artificial flavors, preservatives, and synthetic colors [5] - The company exclusively sells USDA-certified organic produce and pasture-raised dairy products [5]

Financial Data and Key Metrics Changes - Total revenue increased by 4.7% to $49 million compared to the first quarter of 2024 [14] - Procedure revenue decreased by 3.6% to $36 million, primarily due to reduced commercial effectiveness and a slowdown in new clinic additions [14] - Dietary supplement revenue increased by 25.5% to $9.3 million, driven by growth in the e-commerce channel [14] - Gross profit margin improved by 300 basis points to 74.3% due to vertical integration of the 503B manufacturing facility [7][15] - Adjusted EBITDA decreased by 3.4% to $13.8 million, with an adjusted EBITDA margin of 28.1% [17] - Net income was $15.8 million, including a $10.7 million gain from changes in fair value of earn-out liabilities [16] Business Line Data and Key Metrics Changes - The dietary supplements business showed strong performance, particularly in e-commerce, with no one-time items affecting results [23][24] - Procedure revenue decline was attributed to a slowdown in new clinic additions and a minor decrease in procedure volumes [7][14] Market Data and Key Metrics Changes - The company experienced competitive pressures impacting procedure revenue, but no significant changes in the marketplace were noted [25][26] - The attrition rate remained stable at around 5%, with a slight uptick believed to be temporary [50] Company Strategy and Development Direction - The company announced a strategic organizational restructuring aimed at driving sustainable profitable growth and creating long-term value for shareholders [9][10] - Key objectives include accelerating new provider wins, strengthening relationships with existing top-tier providers, and improving financial performance through enhanced accountability [10][12] - The company is focused on expanding its nationwide network and improving sales productivity by increasing the field sales team by approximately 25% [10][11] Management's Comments on Operating Environment and Future Outlook - Management expects 2025 to be a transition year financially, with confidence in the actions taken to accelerate growth and realize full potential [13][20] - The company maintains its guidance for 2025 revenue between $200 million to $208 million and adjusted EBITDA of $59 million to $64 million [18] Other Important Information - The company expects to incur a one-time charge of approximately $600,000 to $800,000 in the second quarter of 2025 due to restructuring [18] Q&A Session Summary Question: Can you talk more about the supplements business and if there was anything one-time in it? - Management confirmed solid performance in the e-commerce business with no one-time items affecting results [23][24] Question: What happened with the procedures, and is there anything changing in the marketplace? - Management noted that the decline in procedure revenue was mainly volume-related, with no significant changes in the marketplace [25][26] Question: What is different about today's sales force realignment announcement? - The current realignment is focused on growth, not cost-cutting, and aims to increase sales productivity [34][35] Question: Can you elaborate on the decline in volume from the base business? - The decline was mainly due to lower contributions from new starts and a slight uptick in attrition, which is expected to stabilize [50][52] Question: What gives you confidence in the 2% to 4% procedure revenue growth guidance? - Management acknowledged potential risks but expressed confidence in the overall guidance for revenue and EBITDA, emphasizing the need for effective execution of changes [75][76]

Core Insights - Natural Grocers has established a strong presence in Montana since 2012, with multiple store openings in cities like Billings, Helena, Missoula, and Kalispell [1][2] Company Commitment - The company emphasizes its commitment to the local community and its employees, providing over 120 jobs in Montana and focusing on their physical, emotional, and financial well-being through various programs [4][6] - Natural Grocers adheres to its Five Founding Principles, which include a commitment to community and crew, ensuring affordable prices and high-quality natural and organic products [2][6] Customer Engagement - The company offers a free customer rewards program called {N}power, which provides exclusive discounts and rewards points for members [3][8] - Special promotions for {N}power members include a free reusable shopping bag and a $5 off coupon during specific promotional dates [8][10] Product Standards - Natural Grocers maintains strict quality guidelines for its products, ensuring they are free from artificial ingredients and only sell USDA-certified organic produce and pasture-raised dairy [6]