1933 Industries Inc C.TGIF

RE:AMA Ownership

[INVESTigator1]

AlwaysFriday wrote:  I thought 1933 owned 100%of AMA now. I snipped this from the FORM 7 for April.

    Report on Business 1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact. 1933 Industries is a Canadian-based, US operated cannabis consumer branded goods company with cultivation, extraction and manufacturing assets based in Las Vegas, Nevada. The Company operates under two subsidiaries: 91%-owned 2 Alternative Medicine Association (AMA), a licensed cannabis cultivator and producer in the state of Nevada; and 100%-owned Infused MFG (Infused), a manufacturer of wellness products.

This is the response I received from Alexia regarding dropping Birdhouse (removed now)  from report and the 100% ownership question:  It talks about the building (100%) but not AMA itself (apparently still 91%).  Maybe someone else understands better than I what the reports state but I was certanly also confused by the, what appeared to be, contradiction...

Alexia Helgason	May 10, 2021, 2:10 PM (20 hours ago)
to me

 

 

 

 

 

 

 

 

 

Hello Robert and thank you for your message. 

 

Re: you question re Birdhouse, we have an internal process and the Birdhouse information will be taken down in due course. The CSE form was just posted on Thursday. 

 

Re: the AMA transaction, just to clarify, we did not buy the remaining portion of AMA, just the subsidiary, AMA Production LLC, which is a real estate holding company that owns the building and real estate at 5035 Geist Ave., and we amended all the existing AMA operating agreements. This gives us flexibility moving forward and another step in cleaning up all our agreements. The transaction closed and is complete. The information is also available in the financial reports, management discussion & analysis, the AIF and all filings on sedar, which is all up to date.

 

Hope this clarifies.