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. 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.

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1933 Industries Inc

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Comment by theTransporteron Jul 28, 2020 3:35pm

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Post# 31332956

RE:RE:RE:RE:Optimism

Balance sheet is actually good. Only debt is the $12M they owe to the debenture holders in July 2021, but with the re-pricing of the conversion price down to $0.10 with a forced conversion at $0.15, if they succeed in this turnaround, most debenture, if not all, will be converted prior to July 2021 eliminating that debt off the books.

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