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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. 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

Comment by DashForCashon Nov 27, 2020 11:20am
190 Views
Post# 31989051

RE:RE:REALLY -- the only thing that counts ---

RE:RE:REALLY -- the only thing that counts ---I am generally in agreement with those comments Transporter and have stated similar.  When you look at the previous quarter, we had to buy biomass from a third party and that is now no longer the case and that in itself should be a quality expense reduction.  Add to the salary expense reduction of no longer paying Chris and Ester big $$$ compared with Rosen & Gene taking, I assume, considerably less (don't know what they paid Chris & Ester? Can anyone share if they know?  - in addition to the fact, I believe, that we expensed the exit packages for Chris & Ester in the the last quarter as well - just the above should be a clear positive difference in expense reduction.
Based on the hardest impact of Covid to TGIF likely in April with what I believe was a mandatory 30 day shutdown of dispensaries before they were allowed curbside pickup, combined with the "vape scare" that went down at that time and I am not so sure there won't be some kind of a revenue increase for May, June & July - though it may be minor, but any trend in the right direction is encouraging.
Certainly Q1 (reporting end of December) covering August, Set. & Oct. - WILL show a revenue increase and continued expense control with Q2 the one I have previously called "boom baby" - which should be the clearest indicator that this is a quality profitable company then and moving forward.
On a final note - soooooo glad they are waiting until Monday to share the results - mainly for me it is a true sign of open and transparent behaviour - versus the old school lame azz move of trying to bury weak or similar results into a weekend for the market to forget or have limited eyes on.
Looking forward to Monday...have a good weekend all!  DFC
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