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Under the three-year agreement, 1933 Industries will purchase Orchid's PurTec hardware and packaging component products and proprietary terpene blends for the production of Orchid Essentials products
1933 Industries Inc () () said Tuesday it is partnering with Orchid Ventures Inc (CSE: ORCD) (OTCMKTS:ORVRF) to manufacture and distribute Orchid products in the Nevada cannabis market.
The supply and licensing agreement was struck between Washington-based Orchid Ventures’ subsidiary Orchid Brands, LLC and 1933 Industries’ subsidiary Alternative Medicine Association LLC.
Both companies will leverage AMA's extraction expertise and well-established sales and distribution channels in the state, 1933 Industries said.
Under the three-year agreement, 1933 Industries said it will purchase Orchid's PurTec hardware and packaging component products and proprietary terpene blends required for the production of Orchid Essentials products.
CBD Plus has over 120 locations in Texas, Oklahoma, Kansas, Arkansas, Tennessee, Georgia, Florida, North Carolina, and Maryland
1933 Industries Inc () () announced Friday it has set up distribution of its Canna Hemp line of wellness products with CBD Plus, the largest and most trusted supplier of CBD products across the US.
The Vancouver, British Columbia-based company said its wholly owned subsidiary Infused MFG signed a master service and supply agreement with MCV Enterprises LLC, an Oklahoma company doing business as CBD Plus and CBD Plus USA for the marketing and sale of Canna Hemp products in CBD Plus corporate-owned and franchisee brick and mortar retail stores.
The one-year agreement includes a 45-day trial period, effective immediately.
CBD Plus is focused in the Midwest and Southern US, with over 120 locations in Texas, Oklahoma, Kansas, Arkansas, Tennessee, Georgia, Florida, North Carolina, and Maryland.
1933 Industries (CSE: TGIF- OTCQX: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive Vancouver with news the company has completed financing bringing in just under 800 thousand dollars.
Rosen says that cash gives them a buffer as they start to head toward becoming profitable.
Rosen talks about that financing and also about the current status of their Las Vegas operations as the world continues to deal with COVID-19.
The company said that the fund infusion, the progress it has made in converting its debentures and controlling costs have "strengthened" its balance sheet
1933 Industries Inc () said Tuesday that it has closed a private placement by issuing 10,510,040 units at a price of $0.075 each to raise $788,253 to fund business development.
The Vancouver-based vertically integrated cannabis consumer packaged goods company said each unit is made up of one share and one-half share purchase warrant, with each whole warrant being exercisable at a price of $0.125 until September 3, 2022. The warrant is subject to an “accelerated expiry” if the closing price of the company's shares exceeds C$0.25 per share for a period of 10 consecutive trading days.
The company forked over $6,037.50 and 40,250 warrants as a finder's fee in connection with the closing. All securities issued in connection with the private placement are subject to a regulatory hold period till January 5, 2021.
In a statement, 1933 Industries CEO Paul Rosen said: “The proceeds of the private placement as well as the progress we’ve made in converting our debentures, in conjunction with the cost control measures we have implemented have positively strengthened our balance sheet.”
1933 Industries Inc () (OTCMKTS:TGIF) is a cannabis company with operations in the United States and Canada. Through its two main subsidiaries, 1933 owns licensed medical and recreational cannabis cultivation and production assets, hemp-based, CBD infused products, CBD extraction services and specialized cannabis advisory services.
The “1933” in the company name is a nod to the year when the prohibition of alcohol ended in the US. Today, 1933 Industries aims to capitalize on opportunities that have come as a result of the end of cannabis prohibition in Canada and industry legalization in a collection of US states.
1933 Industries has two main subsidiaries. The first is Alternative Medicine Association LLC, a licensed medical and adult-use cannabis cultivation and extraction subsidiary that produces its own line of products while also manufacturing third-party brands. AMA’s products include concentrates such as Cake Batter, Crumble and Sugar; a vape pen sold with distillate oil; and several flower strains.
The other main subsidiary is Infused MFG, a Las Vegas-based manufacturer of hemp-based, cannabidiol (CBD) products. Infused MFG’s product line includes topicals, creams, vapes, elixirs, capsules, dabs, lip balms and pre and post-workout recovery sports products. The subsidiary manufacturers its products under its Canna Hemp brand, which utilizes the power of hemp and CBD to bring natural wellness.
At something of a critical time for the firm, 1933’s chief executive Paul Rosen has joined its board of directors, having also been involved with the company beforehand as not only CEO but also a strategic investor and an advisor.
Rosen has been involved with 1933 Industries in the capacities of strategic investor and advisor
1933 Industries Inc () (), a cannabis consumer packaged goods company, announced Wednesday that CEO Paul Rosen has been appointed to its board of directors.
The company noted that Rosen has been involved with 1933 Industries in the capacities of strategic investor, advisor and most recently as chief executive, instituting a high level of stewardship and financial oversight that is guiding the company into its next phase of development.
Leveraging his extensive experience in the cannabis industry as one of its earliest and most active entrepreneurs and company builders, 1933 Industries said Rosen brings vast corporate governance expertise to his new board position, having co-founded and served as CEO of Capital Corp that was later rebranded to The Cronos Group () ().
READ: 1933 Industries launches Canna Hemp PLUS line with double the amount of CBD as part of its wellness portfolio
Currently, Rosen is the executive chairman of Global Go, a consultancy focused on the global regulated cannabis industry and is a co-founder and chairman of Pantry Co, a cannabis-focused start-up in the functional food market. He is a member of the Law Society of Ontario and previously practised constitutional law.
The company said the PLUS line is aimed at offering "competitively-priced products" with some of the “highest amounts of CBD found in the market"
1933 Industries Inc () (), a cannabis company with a diverse portfolio of consumer-driven brands, said Wednesday that it has introduced a new line of extra strength CBD products to its extensive wellness portfolio.
The Vancouver, British Columbia-based company said the new Canna Hemp PLUS line was developed for consumers who want to experience the added benefits of increased CBD at competitive prices from a reliable and trusted brand. With double the amount of CBD, the PLUS line is aimed at offering “competitively-priced products” with some of the “highest amounts of CBD found today in the market,” the company said.
"Our exciting suite of wellness products continues to grow in a number of segments and price points. Over the last three years, we have earned the trust of our consumers by offering products that are effective, reliable and contain the highest quality CBD sourced in the USA," Eugene Ruiz, the president of 1933 Industries said in a statement.
Five Star’s Double Shot line is a fast-acting beverage that contains 20 milligrams of THC in a variety of flavors and its cannabis-infused tincture beverage enhancers allow users to mix and match flavours
1933 Industries Inc () () is teaming up with premium cannabis brand Five Star Extracts to produce its products exclusively in Nevada.
The Vancouver-based firm said Thursday that its subsidiary Alternative Medicine Association LC (AMA) signed a one-year licensing agreement with Five Star Group LLC to cultivate, manufacture and sell Five Star Extracts-branded products in the state.
AMA will manufacture Five Star products, including its exclusive flavored Double Shot line and flavored cannabis tinctures, which have already received approval from Nevada’s newly-formed Cannabis Compliance Board.
"We are excited to work with a team who shares the same high standards, passion and pride for crafting top quality cannabis products," 1933’s director of sales for brands and partners Jordan Stroum said in a statement.