1933 Industries Inc C.TGIF

Vegas Company - TGIF will be take off anytime

[MoneyStock]

It is very cheap at this moment and undervalued.  Check the Financials and the last news

https://stockhouse.com/news/press-releases/2020/12/30/1933-industries-launches-new-canna-hemp-tm-e-commerce-website

Operating Results

• During the reporting period, total revenues were $2.7 million, a 13% increase from the previous quarter. The increase was attributed to the Company's launch of cannabis flower and pre-rolls in the Nevada market. With improved plant genetics and in-demand strains, the Company's new saleable flower and cannabis products have sold out after each harvest, as the demand for craft cannabis flower remains strong in Nevada, despite the loss of tourism due to the COVID-19 pandemic.

• Gross margin was $729,000 or 27%, compared to $63,000 or 3% during Q4 2020. The increase in gross margin from the prior quarter is due to the Company's enhanced ability to produce saleable flower and biomass from its cultivation facility.

• General and administration expenses in Q1 2021 were $1.2 million, compared to $2.0 million during Q4 2020 and $2.3 million during Q1 2020. This change over the prior quarter represents managements' commitment to making strategic reductions to streamline operations with the overarching goal of reaching profitability in the near future.

• Expenses were $3.5 million for Q1 2021, a 35% decrease from $5.4 million in Q4 2020 and a 40% decrease from $5.9 million for Q1 2020. The Company reduced expenses in all areas, including management and consulting fees, wages and benefits. It is management's priority to continue to reduce costs to meet its financial goals.

• Net loss from continuing operations was $2.8 million or $0.01 per share for Q1 2021. The net loss for Q1 2021 represents a 61% improvement from a $7.2 million loss in Q4 2020 and a 26% decrease from losses incurred in Q1 2020.

• Adjusted EBITDA loss was $1.4 million, an 81% improvement from $7.2 million in Q4 2020, and a 26% improvement from $1.8 million for Q1 2020.

• The Company's licensed cultivation and production subsidiary, Alternative Medicine Association ("AMA") reported revenues of $1.6 million and gross margin of $164,000. Infused MFG, a subsidiary focused on the manufacturing of proprietary hemp derived CBD products under the Canna Hemp™ brand, reported revenues of $1.1 million and gross margin of $565,000.

[tommeeboy]

Yet here is sits and languishes while most other pot stocks soar in light of the recent dem wins.  The time for it to take off was yesterday and today but hey, let's just be patient another few quarters LOL.

[Weedmd11]

With the size bids it sure looks like it could be soon. 

[jfogarty12]

agreed over 4 million on the bid @ .08 cents      

[Weedmd11]

Give me nine cents give it to me