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1933 Industries Inc C.TGIF

Alternate Symbol(s):  TGIFF

Healthcare Cannabis 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.


CSE:TGIF - Post by User

1933 Industries Inc
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Post by jfogarty12on Jan 06, 2022 9:45am
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Post# 34288619

TGIF made the top 6 BB Stockhouse! HIGHLIGHTS!

TGIF made the top 6 BB Stockhouse! HIGHLIGHTS!In between the last week of 2021 and the first week of 2022, 1933 Industries Inc. (CSE:TGIF, OTCQB:TGIFF, Forum) released its Q1 2022 financial results for the three months ended on Ocotber 31, 2021.

Highlights of the results include revenue was $2.5 million for the quarter compared to $2.7 million for the same quarter in 2021gross margin at $1.1 million compared to $0.7 million for Q1 2021 and net loss at $0.9 million for Q1 2022 compared to a net loss of $2.8 million in 2021.

"Over Q1 2022, the Company continued to make strategic cost reductions across all divisions, with the goal of achieving consistent profitability. The Company successfully extended its convertible debt to mature in September 2022, reduced operating expenses by 45%, improved gross margins by 18%, and reduced net loss by 66% compared to Q1 2021," Paul Rosen, CEO of 1933 Industries, said in a release.
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