1933 Industries Inc C.TGIF

Alternate Symbol(s): TGIFF

Healthcare Cannabis

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

1933 Industries Inc

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Comment by Growth400on Dec 21, 2018 11:38am

95 Views

Post# 29146450

RE:RE:TGIF Is Proof On Concept That Weed Companies...

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

ryandlor wrote: I hate pandering to Trolls but come on, Established company is two years old if that? You cannot grow without spending money, no company in their right mind would be raking in 100's of millions at this point in LV infancy. Im glad we are spending $$ to make $$...need to grow, need to expand, need to lead...

Give your head a shake dipshaat

StockTAGuy wrote: Are not as profitable as everyone thinks! This is an established company in Nevada with tourism galore. Sales increase means NOTHING if you cannot turn a profit. Canadian sellers are going to get squashed next year. Weed is like Alcohol, people love it but margins are not what everyone thinks.