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 > BNN NOTES THIS WEEK

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Post by jfogarty12on Jan 30, 2021 7:24am

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BNN NOTES THIS WEEK

Senate to craft new cannabis legalization bill: Schumer

The U.S. Senate is in the midst of crafting new cannabis legislation that will merge a number of existing related bills in an effort to consolidate reform during the current Congressional session, according to Marijuana Moment. Senate Majority Leader Chuck Schumer spoke to former NBA player Al Harrington - who owns the Viola Brands cannabis company - and outlined the U.S. Senate's plans to potentially legalizae cannabis. While it's not clear which other bills are being merged, it would likely address federally descheduling marijuana and funding efforts to expunge prior cannabis records.

Arizona adult-use market off to a strong start

Arizona's recreational cannabis market is off to a roaring start, three months after voters gave the green light for adult-use sales to begin, MJBizDaily reports. The industry trade site said initial adult-use sales in Arizona were two-to-three times the value of their usual medical cannabis sales with flower products said to be in high demand. MJBizDaily noted that demand is so strong, product shortages could occur. Just under 100 dispensaries in the state are licensed for recreational sales, but Arizona is due to issue 26 more licenses under a social equity program