management commentary Grant Froese , CEO of Harvest One, said, "We are very pleased with our continued progress throughout the quarter. United Greeneries maintained strong recreational sales as we continue to build out capacity in our Mission Road and Lucky Lake facilities. Satipharm commenced selling our CBD Gelpell® capsules online in the UK and Europe . Dream Water posted solid revenues and continues to add key accounts to its already extensive retail distribution network. The initial load ins from these new accounts will be reflected in our fiscal Q4 revenues."
Mr. Froese continued, "Harvest One's third quarter financial results were impacted by the prior quarter's initial load ins in preparation for the legalization of recreational cannabis consumption. During the third quarter, we achieved increasing harvests as we continue to enhance existing facilities and build out new capacity. In preparation for the roll out of value-added products later this year, we also allocated a portion of our inventory accordingly for extraction and future R&D. The impact of these value-added products will be reflected in the financial results in future quarters. Most importantly, we continue to execute on our strategy of being a leading health, wellness, and self-care company."