Have been selling for over 8 months now and getting the "Higher Price point" that 1933 Ind needed to subtantially increase revenue from their last buisness model that made no sense in the NV market...
From July 22, 2020:
1933 Industries has focused solely on the wholesale of cannabis concentrates during the last two years, a category that represents less than 25% of the total revenue in Nevada. By adding flower and pre-rolls to its product offerings, the Company will introduce a new revenue stream with a growing portfolio of products in almost every category.
"We are preparing to enter the smokable flower market segment with a differentiated premium tier product offering", continued Mr. Ruiz. "Over the last two years, the Company has built a leading-edge, indoor grow facility focusing on the cultivation of craft cannabis at scale. With the Company's past frustrations and struggles behind it, we are now reaching a notable milestone with valuable new inventory to sell into our 53 and growing list of dispensary accounts. This premium flower will greatly accelerate our sales momentum into next year because of its much higher price point and in fact, increase as our director of cultivation continues to perfect his craft within our facility.
The Company's award-winning cultivation experts have introduced a variety of cultivars with high THC content. With almost 6,000 plants in the facility, the Company is targeting approximately 500 lbs of biomass per month of which 350 lbs will be smokable flower and the balance of weight going into concentrates. At least 8 high THC, high terpene content cultivars were added to the growing portfolio and new genetics will be introduced to create unique cultivars that will be marketed under the AMA brand.
Sales of cannabis pre-rolls up nearly 50% in 2020 despite pandemic
https://mjbizdaily.com/sales-of-cannabis-pre-rolls-up-nearly-50-in-2020-despite-pandemic/
1933 Can do many things with its current buisness structure to substantially increase revenues with very little investment needed.