Benjamin Piggott's questions to UPEXI (UPXI) leadership • Q1 2023
Question
Benjamin Piggott of EF Hutton inquired about Upexi's capital allocation priorities, asking for a comparison between the attractiveness of stock buybacks and M&A opportunities, particularly with the company's stronger balance sheet following the CBD asset divestiture.
Answer
CFO Andrew Norstrud explained that the company is discussing capital allocation internally. He stated that with acquisition multiples becoming more attractive and accretive than in the past, reinvesting in the business through acquisitions currently makes more sense than buying back stock. However, he affirmed that the company remains open to buybacks to deliver shareholder value as its cash position improves from debt paydowns and profitability.