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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

Post by SwissCheese89on Feb 11, 2021 10:06am
177 Views
Post# 32536768

PP

PPIf the costs do not increase significantly in Q2 compared to Q1, which I do not see at the moment, i don't think the company is running out of money and need the raise to survive. Do the positiv math. 2 million cash at the beginning of November, assuming 3.3 million sales in Q2 (avg. month 1.1m without open orders) and lower costs (assume 3.3m) compared to Q1(3.5m), there would still be enough cash to survive. Q2 could be even and with more revenue than i expect, also a positiv Q is still in the cards imo. Nobody knows how much of the 1.4m revenue in January are open orders. Nobody knows how much revenue was made in November and December. According to NR, the money will also be used for expansion. It could be used to reach the maximum capacity of the AMA facility Geist 5045. I don't see that 15 flower rooms are currently in operation. I know that should have happened a long time ago. "Cultivation Space:The facility was designed to house 15 bloom rooms, three veg rooms and one clone room. The initial operating canopy will be 22,100 square feet with the ability to expand into another 18,000 square feet, if needed. https://www.cannabisbusinesstimes.com/article/1933-industries-moves-into-new-cannabis-cultivation-facility/ And there is still Geist 5035, which could perhaps be used as additional cultivation space.
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