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Thank you extremely a lot for having us here. We have a 35,000 square foot center in downtown Buffalo currently, and we utilize about 72 people. The tariffs have affected us in a couple of ways, along with every person else, our increased cost of components. We get our seeds and flowers from American business who import them from around the globe.

We have actually absorbed that cost so our margins have reduced. We are at a ceiling with the price it's a premium item, so it is $10-11 as several of you all understand and we actually can't push that up. So, like I said, we have actually absorbed that rise in the expense of products and, as we are a quickly growing company, we are just putting those profits back into the company.

Just recently I participated in an airline company trade program, which has a big opportunity for us to get onto the airlines as a snack. Doing a feasibility study and looking at the devices, all the quotes we obtained for equipment had that line product plus toll, and there was usually no cost connected with that so it was a wager and we didn't want to risk it.

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That's an actual embarassment that a firm like your own has growth possibility, but the unknown of what the tariffs could be when they literally put that on the RFPs. And I assume that's happening in other places. That's going to suppress people's ability to broaden and confiscate new possibilities since you can not make a dedication without recognizing what your costs are mosting likely to be.

I want to present Jon Notarius, Vice Head Of State of Premier Red Wines and Spirits. Familiar with anybody in this space. Thank you. Echoing the remarks in the area the uncertainty of when to purchase things, just how much stuff expenses, distribution prices. In the a glass of wine business, if I most likely to Bordeaux and acquire, for instance, this took place in 2022 town of Bordeaux, bought a great deal of red wine.

It's also based on the Euro and a great deal of people don't understand the distinction in the Euro contrasted to where it was 18 months earlier is possibly another 15 percent that's also created by the tariffs. It compromises the buck, makes everything much more pricey. So basically I'm paying 20 to 30 percent extra for points that we committed to 2 or three years earlier.

The other thing that I assume is truly true in our service is that there's multiple levels. As a result of the three rate system, you have an importer, you have a host salary, you have a sales person, you have an individual providing the item. Those are all impacted by tariffs since we're getting less, we're selling less.

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There are possibly 100-200 boutique dealers, importers that operate in New york city State, pay sales tax, pay earnings, pay real estate tax. And I assume this year possibly 10-15 of them went out of service directly related to tolls. That's type of the state of the a glass of wine and alcohol business and I believe there's a mistaken belief because a great deal of individuals presume it's these international large firms.