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. The Company operates through three segments: Alternative Medicine Association LLC (AMA), Infused Mfg LLC (Infused MFG), and Corporate. Its AMA segment is focused on the cultivation and sale of medical and adult use cannabis products. Its Infused MFG segment is focused on the manufacturing of Hemp derived cannabidiol (CBD) products. 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 CBD brand of wellness products, which include tinctures, gummies, topicals and sports recovery products. The Company owns 91% of AMA, and 100% of Infused MFG LLC Infused.

CSE:TGIF - Post by User

1933 Industries Inc

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Comment by Tradertimestwoon Apr 13, 2020 2:06pm

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Post# 30903955

RE:RE:RE:Recession

You bought more didnt you Virgy? Atta boy!

virgo85 wrote: EXACTLY...The LOSS was double the REVENUE..So its far to say that laying off High Paid Executives woukd be beneficial fir the Company. Wished, TGIF got rid of high paying executives testerday, like 2 years back to Drain the Swamp....One those Exectives are laid iff, best they stay laid off to save money. Thank you..
Easymoney123 wrote:
Well using rough numbers TGIF had revenue of 3.1 million and losses of 6.4 million so for that quarter TGIF needed revenue of 9.5 million to break even. Let's just assume revenue will be 3.1 million again and with a 25 percent reduction of workers, 68 percent reduction in operating costs and 24 percent reduction in non expenses should take that 6.4 million net loss and reduce it somewhere from 50 to 70 percent. These are massive cost saving measures.

- 3.1 million revenue and 6.4 million net loss 50 percent cut would be a 3.2 million net loss. That would give TGIF roughly 3 quarters of operating cash to weather this Covid-19 storm.

- 3.1 million revenue and 6.4 million net loss 70 percent reduction would be a 1.98 million net loss. That would give TGIF 4.5 quarters of operating cash.

We don't know if TGIF can keep revenue at 3.1 million and we don't know how much they can reduce their expenses. Next quarter earnings will tell you everything you need to know. They need to get losses 3 million and under to have a good chance. If they can get losses down to 2 million we should definitely weather this storm. These are just rough estimates but 6.4 million net loss should be cut by 50 percent minimum. If it is not then we are in trouble.