1933 Industries Announces Extension of Private Placement

Rhea-AI Summary

1933 Industries Inc. announced the continuation of its private placement financing, initially disclosed on July 17, 2020. This vertically-integrated cannabis company focuses on cultivating and manufacturing cannabis consumer goods across various product formats. It operates through two subsidiaries, managing the entire value chain. The firm holds a 91% stake in the Alternative Medicine Association and 100% of Infused MFG LLC, offering a diverse portfolio of brands and licensing partnerships.

Positive

• Continuing the private placement funding process indicates investor interest.
• Vertically-integrated operations could enhance profitability through reduced costs.
• Strong brand portfolio with strategic licensing partnerships may drive revenue growth.

Negative

• None.

THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS

VANCOUVER, BC / ACCESSWIRE / August 28, 2020 / Further to its news release dated July 17, 2020, 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQX:TGIFF), a vertically-integrated cannabis consumer packaged goods company, announces that its previously announced private placement is proceeding. In all other respects, the terms of its financing as announced on July 17, 2020, remain accurate.

About 1933 Industries Inc.

1933 Industries is a vertically-integrated, growth-orientated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the Company controls all aspects of the value chain with cultivation, extraction, processing, and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners.

Our award-winning proprietary portfolio of brands include: AMA flower and AMA concentrates, as well as CBD-infused Canna Hemp™, Canna Hemp X™, Canna Fused™, and hemp-specific products. Partners under licensing agreements include: Birdhouse Skateboards™, Blonde™ Cannabis, Bloom™, Denver Dab Co., Five Star Extracts, Grizzly Griptape, The Pantry Company, PLUGplay, and The Original Jack Herer®.

The Company owns 91% of Alternative Medicine Association, LC (AMA), and 100% of Infused MFG LLC.

For further information please contact:

Alexia Helgason, VP, IR and Corporate Communications
604-674-4756 (ext. 1)
alexia@1933industries.com

Paul Rosen, CEO
604-674-4756 (ext. 1)

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com. 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: 1933 Industries Inc.

View source version on accesswire.com:
https://www.accesswire.com/603860/1933-Industries-Announces-Extension-of-Private-Placement

FAQ

What can you tell me about 1933 Industries Inc. and its private placement announced on August 28, 2020?

1933 Industries Inc. is conducting its private placement financing as continued from its prior announcement dated July 17, 2020.

What is the focus of 1933 Industries in the cannabis market?

The company is focused on cultivating and manufacturing cannabis consumer packaged goods.

What brands are associated with 1933 Industries Inc.?

1933 Industries has several brands including AMA and CBD-infused products, partnered with various licensing partners.

What percentage of the Alternative Medicine Association does 1933 Industries own?

1933 Industries owns 91% of the Alternative Medicine Association.

What is the stock symbol for 1933 Industries Inc.?

The stock symbol for 1933 Industries Inc. is TGIFF.