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1933 Industries Inc C.TGIF

Alternate Symbol(s):  TGIFF

1933 Industries Inc. is a Canada-based cannabis cultivator and producer. The Company is focused on the cultivation and manufacturing of a portfolio of cannabis consumer-packaged goods in a variety of formats for both the wholesale and retail markets. Its product offerings through its in-house brands, including wholesale flower, pre-rolls, and extracted products under the AMA and Level X brands for the Nevada market; and Canna Hemp, a national cannabidiol (CBD) brand of wellness products, which include tinctures, gummies, topicals and sports recovery products. The Company owns 91% of Alternative Medicine Association, LC (AMA) and 100% of Infused MFG LLC (Infused). AMA is a licensed medical and adult-use cannabis cultivation and extraction company, which produced its own AMA branded line of cannabis-based products and manufactures third-party brands. Infused produces the Canna Hemp line of hemp-based, CBD products. Infused’s product line includes topicals, creams, vapes and others.


CSE:TGIF - Post by User

Bullboard Posts
Comment by Growth400on Dec 21, 2018 9:08am
50 Views
Post# 29145277

RE:RE:RE:Ouch

RE:RE:RE:OuchI thought Q2 was expansion, once its operational, they wont be losing money.  eps is (0.01) . Anyone crying about this right now is probably just frustraded from waiting all this time, knowing how undervalued this is. 2019 should be good, so much potential. We still havent heard any expansion news from the pp they recently did. We can expect expansions and aquistions in 2019, maybe even legalization. 

Net loss for the year $ (3,046,665) 
Add (Subtact)
Interest expense          196,356 
Accretion expense       125,556 
Depreciation                 340,898 
Incometax expense      143,319 

EBITDA $ (2,240,536) 
Share-based compensation 1,382,691 

ADJUSTED EBITDA $ (857,845) 


For the period ended October 31, 2018, the Company incurred an Adjusted EBITDA loss of $857,845 compared to a loss of $134,988 in the comparative period in 2017. The company is incurring costs associated with constructing a larger facility with increased capacity for cultivation and production. These costs are necessary to incur now in advance of generating revenue from the new larger capacity. The Company believes that Adjusted EBITDA is a useful financial metric and is meaningful and useful to investors, analysts, and other stakeholders for measuring and predicting 1933’s operating performance by excluding interest expense, income taxes, and depreciation as well as the following charges which are non-recurring or can highly fluctuating in nature:
• Share-based compensation is non-cash compensation that the company uses to incentivize employees and management, preserve its cash resources and to encourage growth
• Transaction costs represent non-recurring charges specific to financing items
• Shares issued for services which are non-recurring performance incentives

BaitingBateman wrote: TGIF is literally AMA & Infused, well, atleast 91% of them.  A $3m loss cetainly isn't attributed to Spire.

Point is, if you're subsidiaries were profitble, Parent Co. would be profitable. 

Profitability was projected in Y1, 5 q's down and their still a ways off. Q2 certainly won't be much better. 

ClarenceSwoon wrote: Brayden said that AMA and Infused are profitable and 1933 will be "soon".

Patrick2Bateman wrote: Market isn't going to like these financials. Big loss... Brayden said they would be profitable this Q, did he not? Or does he mean this Q (Q2?)

BATEMAN

 




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