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Bullboard - Stock Discussion Forum 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... see more

CSE:TGIF - Post Discussion

1933 Industries Inc > Converts ?
View:
Post by Lire02 on Jun 26, 2021 12:00pm

Converts ?

I believe that there are about $4 million converts that the company must redeem come end of Sept. I was surprised that even though management claimed that convert holders voted in favour of extending the converts for a further year, management decided not to exercise that option and said they would redeem the debentures come Sept.

No idea how much the cash position of the company has improved in the interim, but baring some very significant sales
increases, the company is going to be in a pretty uncomfortable cash position come October now only 3 months away.

 Anyone see a silver lining here?
Comment by Fogell on Jun 26, 2021 12:44pm
0.15 is our only hope
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