| VANCOUVER, BC / ACCESSWIRE / February 3, 2021 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF) (OTCQB:TGIFF), a vertically integrated cannabis consumer packaged goods company, is pleased to announce that Company-wide total sales and open orders reached CAD$1.4 million in January 2021. The Company reports that its cultivation subsidiary, Alternative Medicine Association (AMA), recorded its strongest monthly sales to date since launching its AMA branded cannabis flower and pre-rolls in late August 2020, representing a 113% increase year over year. The latest sales figure is a significant milestone for the Company as it continues to scale up production from its state-of-the-art Las Vegas cultivation facility. The Company expects to generate increased revenues and improved margins with higher volume, quality and consistency of saleable flower and biomass produced. AMA now boasts a robust genetic bank of 37 in-demand, premium craft flower strains, a best in class, scalable cultivation facility with no new capital deployment and improved overall output. In addition, AMA will be launching 3 new pre-roll multipacks and one gram flower jars to its current portfolio of 161 AMA branded SKUs, as well as certain strains that have tested high for the cannabinoid CBGa, currently being studied for multiple medical applications. "At AMA, excellence in cultivation, production, quality and safety are at the core of what we do. Our seed to sale craft-style grow permeates the entire operation, from cultivation and harvest to hand trimming and input material for our high-purity, ultra-refined concentrates," said Mr. Ryan George, Director of Cultivation. "We are pleased that our premium flower is being well accepted in the market and that our cultivation and processing facilities serve as key differentiators for our extensive product line which is sold to licensed medical and adult use dispensaries in Nevada." Mr. Paul Rosen, CEO of 1933 Industries said, "As seasoned operators, we are pleased with the progress to date and we believe that the Company has never been in a better position to achieve sustainable and profitable top line revenue growth going forward. Our execution strategy is completely aligned with our shareholders as we continue to build the business, utilizing our competitive advantages in operating large-scale cultivation to solidify a dominant position within our core market. We continue to believe that saleable flower will remain the largest cannabis category, hence our commitment to enhanced cultivation and branding." The Company also announces that Mr. Eugene Ruiz is no longer President of 1933 Industries. |