#1933industries

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1933 Industries Continues to Operate as Essential Business in Nevada

1933 Industries (CSE: TGIF) has reassured the market that it will continue ramping up production in Nevada to meet increased demand for its cannabis concentrates. Today the state ordered all nonessential business to close for 30 days as authorities desperately bid to contain the coronavirus outbreak. COVID-19 has now killed at least 115 Americans and more than 7,500 people have been infected across the country. Bars and restaurants have shut their doors and citizens are isolating themselves as the authorities try to stem the spread. However, cannabis operators and licensed dispensaries are considered essential businesses in Nevada, so operations will continue at 1933 Industries’ production and processing facility. The firm’s second harvest in the Silver State remains on schedule for the end of March. The company has promised to continue upholding the strictest standards in cleanliness and hygiene, while monitoring the evolving coronavirus situation. “Our utmost priority is to ensure the health and well-being of our employees, partners and customers and we are taking the recommended steps to mitigate the risks of spreading the disease,” said chief executive Chris Rebentisch. 1933 has proprietary Alternative Medicine Association and Canna Hemp brands, and it works with various licensing partners in the state. It said it would continue to mitigate risks, create a safe environment and provide the “absolute best cannabis products in the market”. The U.S. cannabis industry has been industry has been hit by store closures in certain states, but many dispensaries have reported record sales as consumers stockpile in preparation for a coronavirus lockdown. 1933 Industries has established itself as a leading multi-state operator in Nevada, Colorado and California, and it aims to continue serving customers in the weeks and months ahead. Last month, the British Columbia-based company announced its first California harvest. Rebentisch laid out plans to lower the cost of production in order to increase profitability in Nevada and California. Read the full article

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1933 Industries Appoints Jeannette VanderMarel as Advisor

1933 Industries Inc. (CSE: TGIF) announced Jeannette VanderMarel has been hired to provide business development and corporate governance advice. #stocks #marijuanastocks Read the full article

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1933 Industries Appoints Jeannette VanderMarel as Advisor

Today, 1933 Industries Inc. (CSE: TGIF) announced Jeannette VanderMarel has been hired to provide business development and corporate governance advice. VanderMarel was a registered nurse before becoming co-founder of The Green Organic Dutchman and helping turn it into one of Canada’s leading cannabis producers. She left the business in 2017 to set up Good & Green Cannabis, which was purchased by 48North. She then became co-CEO at 48North for multiple years, before investing in Beleave Inc. and spending three months as the chief executive. VanderMarel stepped down from that role in December 2019, and she will now lend her expertise to U.S. MSO 1933 Industries. “As a pioneer and innovator in the cannabis industry, Jeannette’s wealth of knowledge as an operator will be valuable as we continue to look for new business opportunities and growth markets in the US and Canada,” said chief executive Chris Rebentisch. 1933 Industries takes its name from the year in which the U.S. repealed the Prohibition on alcohol. It is firmly focused on quality products to the premium sector of the market, while it has previously teamed up with skateboarding legend Tony Hawk to launch a range of co-branded CBD and hemp recovery products. Earlier this month, 1933 released a series of operational updates, including its inaugural harvest in California and the expansion of its hemp distribution division. Rebentish said the plan is to increase revenues and decrease margins in order to boost shareholder value after its valuation fell in line with the wider industry. VanderMarel is tasked with identifying strategic business partnerships and growth initiatives as the company strives to expand into key cannabis markets. Rebentish called her a pioneer and an innovator as he announced the appointment. She was a critical care and pediatric intensive care nurse before getting into the cannabis sector, and she has also been inspired by her daughter’s battle with Dravet Syndrome. 1933 Industries also revealed it has launched an incentive grant of 1 million stock options to its directors, officers, consultants and employees, pursuant to its stock option plan. The options are exercisable for a period of three years at a price of $0.35 per share and will vest over a three-year period. Read the full article

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1933 Industries Releases Operational Update

1933 Industries (CSE: TGIF) announced a series of updates on its operations including their first California harvest and facility developments in Nevada. #marijuanastocks #potstocks Read the full article

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1933 Industries Releases Operational Update

1933 Industries (CSE: TGIF) released a series of updates this morning that include an inaugural harvest in California, hemp distribution expansion and general market update.

California on Deck

Earlier this year 1933 announced its California operations were set to begin the manufacturing and distribution of its CBD and THC products under their suite of brands. Today, they announced the first harvest from their California cultivation facility, signifying 1933 on the path the selling products outside of Nevada for the first time. With a smaller-scale operation, 10,000 sq. ft. of cultivation space and 10,000 sq. ft. of manufacturing and distribution space, 1933 is focused on selling high-quality products in the premium segment of the market. Further, the company announced it was entering the California CBD market with their Canna Hemp after ensuring their wellness line was compliant with California's strict "full-spectrum" requirements. Specifically, they are delivering 30,000 units to dispensaries this week after the first run passed compliance testing.

Market Update from Management

In the update, 1933 CEO Chris Rebentisch started by commenting on the company's share price, acknowledging that their valuation has fallen along with the industry. Moving forward, he cites the completion of two key capital projects as an opportunity to increase revenues and decrease margins and increase shareholder value. As the projects develop, the company should be able to control inputs and lower the cost of production, with a primary focus of profitability. Their primary operations in Nevada continue to develop, with the biomass from their first harvest now being utilized to create concentrates for the Nevada market. The facility should be operating a full scale starting in March. At the end of January, they submitted additional comments to obtain approval from regulators for the expansion of the THC extraction facility. Once final approval is obtained they will provide a construction schedule. While there are a series of facility updates being made, the most notable is their work to complete the GMP hemp extraction lab, which they stated should be delivered mid-year. This will allow them to purchase cheap biomass and process it into higher-value distillate, increasing margins on CBD products. On a high level, 1933's stock price has suffered along with the rest of the marijuana industry, at these depressed valuations were have become intrigued by the opportunity. We will be diving deeper into the 1933 story over the coming quarters, watching closely as they execute throughout a pivotal 2020. Read the full article

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Consider Trading 1933 Industries Stock After Update

1933 Industries' (CSE: TGIF.CN) stock could become a profitable trade for investors, but the company continues to face both financial and competitve challenges in the marketplace. #marijuanastocks #potstocks $TGIF $TGIFF Read the full article

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1933 Industries Brings Jack Herer to Nevada

1933 Industries Inc. (CSE: TGIF) has secured a deal to distribute The Original Jack Herer brand in Nevada for the next 12 months. #marijuanastocks #potstocks $TGIF Read the full article

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1933 Industries Expands Into California

1933 Industries (CSE: TGIF) is expanding into California via a two-year management services agreement with Green Spectrum Trading, Inc. #marijuanastocks #potstocks $TGIF Read the full article