Hello, and welcome to the Digital Brands Group, Inc. Q1 2023 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to John McNamara, Investor Relations. Please go ahead, John. .

Thank you. Good morning, everyone, and welcome to the Digital Brands Group 2023 first quarter conference call and webcast. With us on the call this morning is Hil Davis, Chief Executive Officer of Digital Brands.

Before we begin, we would remind everyone that certain matters discussed during today's call or answers that may be provided to questions, may constitute forward-looking statements as defined under Federal securities laws.

These statements are subject to numerous conditions, many of which are beyond the control of the company, including those set forth in the Risk Factors section of the Company's quarterly report on Form 10-Q filed with the SEC. Copies of these documents are available on the SEC's website as well as on the company's website.

Actual results may differ materially from those expressed or implied by such forward-looking statements. The company undertakes no obligation to update these statements for revisions or changes after the date of this call, except as required by law. With that, I'd like to now turn the call over to Hil Davis, CEO. Go ahead Hil. .

one, positive EBITDA; and two, the end of our MCA payments in early October. We should generate over $500,000 in free cash flow monthly starting after our last MCA payment in early October.

We will use this free cash flow to accelerate the growth channels that are generating strong returns as well as potentially buying back shares if that is the highest and best use of capital.

We should have the cash flow to pursue both our accelerated growth strategy and a share buyback program, if that is the best use of capital and creates the highest returns. And at these levels, obviously, this dual approach would be the best case for shareholders. Thanks, everyone, for their time, and let's open it up for questions, please..

Operator:.

Yes. Well, thanks, everyone, for attending the call. And I think the key thing here is we talked about the Sundry acquisition being the tipping point. I think the first quarter results prove that.

I think what's most exciting as we look forward, not only do we have our current growth drivers, we've got the affiliate program, we've got store growth, we've got significant cash flow, and we'll use that to not only accelerate that; but like as we said, at these levels to buy back shares and drive shareholder return.

I appreciate everyone's time, and have a good day..

Thank you. That does conclude today's teleconference and webcast. You may disconnect your line at this time, and have a wonderful day. We thank you for your participation today..