1933 INDS INC - TGIFF STOCK NEWS

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1933 Industries Inc. (TGIFF) is a Nevada-based cannabis cultivator and producer engaged in the cultivation and manufacturing of a diverse range of cannabis consumer-packaged goods. The company's proprietary brands, including AMA and Level X, offer wholesale flower, pre-rolls, and extracted products in the Nevada market. In addition, the national CBD brand, Canna Hemp™, provides wellness products like tinctures, gummies, and topicals. With a focus on optimizing operational efficiencies and increasing cultivation yields, 1933 Industries continues to innovate and adapt to market trends.

03/01/2024 06:00 PM

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1933 Industries Issues Correction

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1933 Industries Inc. corrects its news release by stating the number issued of New 10% Senior Unsecured Convertible Debenture as $3,073,000.

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02/29/2024 11:00 AM

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1933 Industries Announces the Cancellation of Historical Debentures and the Issuance of New Debentures

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1933 Industries Inc. issues new 10% Senior Unsecured Convertible Debentures, settling Historical Debentures. The New Debentures are convertible into units at $0.05 per unit, with a two-year maturity. The Company has the option to force conversion if stock price conditions are met. Interest on the New Debentures is 10% per annum, payable in cash or Common Shares at $0.05 per Interest Share.

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01/02/2024 09:10 AM

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1933 Industries Reports First Quarter 2024 Financials and Announces the Issuance of New Debenture

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1933 Industries Inc. (TGIF) reports unaudited interim consolidated financial statements for Q1 2024, with total revenues of $5.5 million, gross margin of $3.9 million, and adjusted EBITDA income of $0.1 million. The company owns 91% of AMA and 100% of Infused MFG LLC, with revenue from wholesale cannabis sales in Nevada and hemp-derived wellness products in the US. The Q1 2024 financial highlights include a 11% increase in revenues, operational improvements, and strong market presence in Nevada. The company also announced the extinguishment of its 10% Senior Unsecured Convertible Debentures Due December 31, 2023, through the issuance of a new 10% unsecured convertible debenture.

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11/28/2023 08:35 PM

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1933 Industries Reports Fourth Quarter and 2023 Year-End Financial Results and Posts Record Revenues of $18.3 Million

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1933 Industries Inc. (TGIF) announced its fourth quarter (Q4 2023) and audited annual financial results for the year ended July 31, 2023 (Fiscal 2023). The company reported record revenues of $18.3 million for fiscal 2023, a 46% increase from fiscal 2022. However, the company experienced a considerable disruption in its cultivation facility during the 3rd and 4th quarters, resulting in an overall revenue reduction. The company's total revenues increased by 46%, and net loss and adjusted EBITDA were a loss of $14.0 million and $7.6 million, respectively, for fiscal 2023.

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11/14/2023 04:00 PM

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1933 Industries Announces Approval of Debenture Amendments

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) announces that Holders of 10% Senior Unsecured Convertible Debentures Due December 31, 2023, approved proposed amendments at an Extraordinary Meeting. The resolution allows for the extinguishment of the Debentures upon maturity through the issuance of a Unit or a new 10% unsecured convertible debenture. The Board of Directors has the discretion to determine the best option. The settlement is expected to occur shortly following the Maturity Date.

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10/27/2023 07:00 AM

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1933 Industries Provides Corporate Update

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1933 Industries completes retrofit of cultivation facility, anticipates revenue growth in Q4. Proposed amendments to debentures to be voted on at Extraordinary Meeting. Rescheduling of cannabis and tax relief expected to benefit industry.

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06/29/2023 05:17 PM

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1933 Industries Reports Third Quarter 2023 Financial Results

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06/21/2023 07:00 AM

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1933 Industries Announces Appointment of Curtis Floyd as Director

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05/09/2023 07:00 AM

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1933 Industries Announces Results of Annual General Meeting

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04/03/2023 08:40 AM

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1933 Industries Reports Second Quarter 2023 Financial Results and Announces Ester Vigil as President

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) announced its Q2 2023 financial results for the period ending January 31, 2023. The company reported $3.6 million in revenue, a 13% increase from Q2 2022, and a total of $9.2 million for the first half of the fiscal year, up 52% year-over-year. Expenses significantly decreased by 92% to $0.2 million due to a tax refund. Despite a net loss of $0.4 million, the company achieved positive Adjusted EBITDA of $0.1 million for the second consecutive quarter. Cash reserves improved to $2.9 million from $0.8 million in the prior year. Ester Vigil was appointed as President, enhancing leadership.

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FAQ

What is the current stock price of 1933 INDS (TGIFF)?

The current stock price of 1933 INDS (TGIFF) is $0.0051 as of December 24, 2024.

What is the market cap of 1933 INDS (TGIFF)?

The market cap of 1933 INDS (TGIFF) is approximately 3.5M.

What is 1933 Industries Inc. known for?

1933 Industries Inc. is known for its focus on the cultivation and manufacturing of cannabis consumer-packaged goods, offering a variety of products to wholesale and retail markets.

What are the proprietary brands of 1933 Industries Inc.?

1933 Industries Inc. owns proprietary brands such as AMA, Level X, and Canna Hemp™, which offer products like wholesale flower, pre-rolls, and wellness items like tinctures and gummies.

How does 1933 Industries Inc. differentiate itself in the market?

1933 Industries Inc. stands out by focusing on operational efficiencies, increasing cultivation yields, and adapting to market trends to meet consumer demands effectively.

What strategic initiatives is 1933 Industries Inc. pursuing?

1933 Industries Inc. is exploring strategic options such as M&A activities, asset sales, and potential shifts in business focus to position the company favorably in anticipation of changing cannabis regulations.

What recent achievements has 1933 Industries Inc. attained?

1933 Industries Inc. was recognized by Headset business intelligence as Nevada's top selling concentrate brand, second top selling flower brand, and third top selling pre-roll brand based on total revenue.