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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.

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1933 Industries Inc. (CSE:TGIF) (OTCQB:TGIFF) announces the resignation of Mr. Mark Baynes from its Board of Directors and the appointment of Mr. Ranson K. Shepherd as his successor. Shepherd, an experienced leader in the cannabis industry, has raised over $100 million in venture capital and is known for his effective business strategies. The company aims to expand cultivation and drive revenue growth with Shepherd's expertise. This change in leadership is expected to enhance the company's operations in the cannabis consumer packaged goods market.

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) has announced a three-year partnership between its Day One Beverages and the USA Pickleball Association. This collaboration aims to offer CBD-infused beverages to America's fastest-growing sport, expected to attract over 5 million players. Day One will provide its zero-calorie, 20mg CBD drinks to enhance athlete recovery and refreshment. The partnership capitalizes on the increasing participation in Pickleball, which saw a 21% rise in 2020 alone. The acquisition of Day One is due to close by January 31, 2022, pending regulatory approval.

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1933 Industries Inc. has announced a binding Letter of Intent to acquire Day One Beverages, a company specializing in CBD-infused sparkling water. The all-stock transaction involves issuing 55 million shares, with an additional 27.5 million share purchase warrants contingent on revenue milestones. The deal, pending regulatory approval, aims for completion by January 31, 2022. 1933 Industries anticipates this acquisition will position them as leaders in the rapidly growing CBD beverage market, projected to expand significantly in the coming years.

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1933 Industries (CSE:TGIF)(OTCQB:TGIFF) reported its Q1 2022 financial results, revealing total revenues of $2.5 million, down from $2.7 million year-over-year. However, the company achieved significant improvements: net loss was reduced by 66% to $948,825, while operating expenses fell by 45%. Gross margins improved to 45% from 27%, and adjusted EBITDA loss improved by 78%. Cash balance was $3.2 million at the reporting date. Despite an overall decline in Nevada's cannabis sales, the company remains focused on strategic adjustments to enhance growth.

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1933 Industries Inc. reported significant financial improvements for Fiscal 2021, achieving a 72% reduction in net loss to $6.3 million, compared to $22.2 million in Fiscal 2020. Expenses decreased by 53% to $10.6 million, and gross margin rose by 21% to $4.8 million, reflecting better production efficiencies. Revenue for the fiscal year remained stable at $12.0 million. The cash balance increased by 57% to $4.4 million, supporting improved working capital.

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF), a Nevada-based cannabis company, successfully held its Annual General Meeting (AGM) on November 25, 2021. Shareholders approved key resolutions, including the election of five directors and the appointment of MNP, Chartered Professional Accountants as auditors. The board consists of Mark Baynes, Lisa Capparelli, Brian Farrell, Paul Rosen, and D. Richard Skeith. The company expressed gratitude to shareholders for their ongoing support and provided links for further information on the AGM resolutions.

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1933 Industries Inc. (CSE:TGIF, OTCQB:TGIFF) announced its Annual General and Special Meeting of Shareholders scheduled for November 17, 2021. The management information circular detailing the matters to be discussed has been sent to eligible shareholders.

Key management appointments include Mr. Brian Farrell as Interim Chief Financial Officer, Mr. Brent Hilton as Controller, and Mr. Steve Licon as Vice President of Operations. These experienced professionals are expected to strengthen the company's financial and operational capabilities.

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) announced the voluntary delisting of its 10% Unsecured Convertible Debentures effective August 19, 2021. This decision followed approval from debentureholders during an extraordinary meeting, where they extended the maturity date from September 14, 2021, to September 14, 2022. The Company now enters into an amended indenture with Odyssey Trust to formalize this new maturity date. 1933 Industries focuses on cannabis consumer goods and operates through subsidiaries controlling cultivation and manufacturing.

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) has secured approval from debentureholders to delist its 10% Unsecured Convertible Debentures, due September 14, 2021, from the Canadian Securities Exchange. The overwhelming support was given at an Extraordinary Meeting held on August 6, 2021. This delisting fulfills a regulatory requirement to extend the debentures' maturity to September 14, 2022. The total issued debentures are 3,703,000, convertible at C$0.10 per share, with a 10% annual interest rate.

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1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) is reminding Debentureholders to vote at an Extraordinary Meeting on August 6, 2021, regarding an amendment to extend the maturity date of its debentures from September 14, 2021 to September 14, 2022.

The meeting will address the necessary delisting of the debentures for regulatory approval. A detailed Management Information Circular has been distributed to Debentureholders due to Covid-19 restrictions, encouraging proxy voting. The company holds a significant portfolio in cannabis consumer goods, with control over cultivation, extraction, and manufacturing.

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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.

1933 INDS INC

OTC:TGIFF

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TGIFF Stock Data

3.50M
445.09M
8.73%
0.46%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
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