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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 Dec 27, 2020 11:53am
248 Views
Post# 32185251

RE:RE:Not Spin...

RE:RE:Not Spin...Fogell - I appreciate the question.  However, for me Q2 was never about predicting or guessing the gross revenue - for me, since the summer, was my prediction about Q2 being the "true test of the turnaround" in that I believed (and still do) that this is the quarter that they could achieve profitibility at. And, therefore, be in that smaller but increasingly important growing group of MJ companies that are profitable.  I felt it was a reasonable length of time for Rosen & Ruiz to be judged at (covering 7 months "ish July '21 - Jan. '22) - though some would say a new CEO deserves more than seven months at the helm to be fairly judged - but with limited cash and a seriously depressed stock price when taking over - time was of the essence and the luxury of a year or more was not going to be allowed by the market without serious judgement before - that "time to get things together" "goodwill" was long ago expended by Chris R. & Co.

It would not be responsible, in my opinion, to start guessing at gross revenue numbers - though others can feel free to.  For me, I would have to literally work at the company to understand their exact distribution network, margins on all license deals, margin retention on deals with Walmart, Amazon, Planet 13, etc. etc. etc. - I have no true clue on this in any serious quotable detail and who could.

What I can say reasonably about gross revenues I already did, based on company supplied information - and that is that their goal is to achieve gross revenues of $3M U.S. a month at some point in 2021.  Now the question then becomes - is that fiscal 2021? Or the calendar year?  That would be important to know.  If fiscal 2021, then Q4 is complete in July 2021 - will that month reach $3M U.S. in revenue and therefore by association then set the table for Q1 2022 (Aug-Oct. 2021) as a quarter of $9M U.S.?

Or, if calendar 2021, then will it take until as late as December 2021 to achieve a monthly gross revenue total of $3M U.S.?

I trust this made sense and hope it was helpful in explaining where I am coming from...my opinion only...DFC. 
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