Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Arbutus22on Dec 13, 2021 1:00pm
172 Views
Post# 34225577

RE:RE:RE:RE:EARNINGS before dec 30

RE:RE:RE:RE:EARNINGS before dec 30Yes, revenues declined Q3 to Q4. But that metric alone doesn't tell the story:

Year over year lossed reduced from 22m to 6m; comprehensive loss from 23m to 8m. Revenues no change, which is not positive, i.e., not showing growth but covid lockdowns have to be factored in here. Expenses down from 22m to 10m. Cash on hand up from 2.7 to 4.4m. Total equity up from 19 to 25m. Etc. Point being that all financial must be considered when making a judgment about company's financial health.

Company has been getting healthier ever since Rosen took over. Current sp is pricing for bankruptcy which is delusional given current finances, growth in NV market, company expansion of operations, and adjustment to product line.

Company statements: "Progress has been made operationally across all entities and now management focus has shifted to improve revenue growth and overall financial performance. The Company believes its diversified product offerings and premium products will have a positive impact on revenues."

The proof is in the pot. Q1 report will show whether revenues are increasing. 

"The Company believes that it is on the right path to improve its growth and reach consistent profitability in Fiscal 2022."

Company doesn't offer a statement like that unless they know they will deliver. TGIF is a growth play. If/when they show improved revenue, and turn a profit, bleeding will stop, sp will rise. For now,  market being ruled by short term investors, macro turmoil, not just in pot sector, and end of year selling, market is discounting likelihood of future growth. These things go in cycles. Lkg forward to Q1 report.


<< Previous
Bullboard Posts
Next >>