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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

Comment by ezemoneyon Apr 09, 2022 12:43pm
216 Views
Post# 34590752

RE:What about the $4.5 million in Convertible due September?

RE:What about the $4.5 million in Convertible due September?Take this $4.5 MM payback and add another $5 MM for future capitol expenditures to cover losses in continued operations, so $10 MM total financing.

They'll do a 1 for 20 to 1/50 R/S and then do this financing.
You all know "rinse and repeat".

The company is now where EVE was at prior to their R/S but a R/S doesn't address how the company is managing basically, financially.

A cleanup is needed with the injection of new blood into management .  A new CEO at least is in order otherwise rating will continue to be rated: Avoid.


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