MjLink Cannabis Business News and Press
1933 Industries (CSE: TGIF – OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive to bring news the company has made a sharp turnaround that is shown in their Q3 financial numbers. Rosen sharing with Proactive, the company has Q3 2021 revenues of $3.4 million, compared to $2.6 million for Q3 2020. That accounts for a 32% increase. Expenses were $1.9 million for Q3 2021 and $5.6 million for Q3 2020, a decrease of 67%.
Rosen also said, the company’s balance sheet is much improved with Cash on April 30, 2021 was $5.9 million, compared to $2.8 million at July 31, 2020, an increase of 114%
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Edibles are a popular way for people in Canada to consume cannabis products, but for many others they remain a bit of a mystery and for some they seem very intimidating. In Canada, cannabis edibles and cannabis oil can be legally purchased if you are over the age of 18 or 19 depending on what provin...
1933 Industries is a vertically-integrated, growth-orientated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the company controls all aspects of the value chain with cultivation, extraction, processing, and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners. The company owns 91% of Alternative Medicine Association LLC (AMA), and 100% of Infused MFG LLC.
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 industry legalization in a collection of US states and is focused on the high tourism Nevada market.
1933 Industries has two main subsidiaries. The first is Alternative Medicine Association (AMA), a licensed medical and adult-use cannabis cultivation and extraction subsidiary that produces its own branded line of unique cannabis-based products and manufactures third-party brands. With state-of-the-art cultivation and extraction facilities based in Las Vegas, Nevada, AMA seeks to offer medical patients and recreational users alike a cannabis experience that’s exceptional, potent, and consistent in quality. AMA’s products include craft cannabis premium tier bud flower, pre-rolls and concentrated cannabis products such as Cake Batter, Crumble and Sugar, Live Resin, Shatter, Diamonds; vape pens and distillate oil.
The second subsidiary is Infused MFG, a Las Vegas-based manufacturer of hemp-based, cannabidiol (CBD) infused 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.
In 2020, 1933 Industries appointed Paul Rosen as its CEO. Rosen is no stranger to the cannabis industry, having previously co-founded and served as CEO of PharmaCan Capital Corp that was later rebranded to The Cronos Group. The company also appointed experienced finance industry professional Tricia Kaelin as the company’s new chief financial officer.
1933 Industries (CSE: TGIF- OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive to bring news the company has completed their recent oversubscribed financing bringing in over 5 million dollars.
Rosen sharing with Proactive this capital along with some work on the balance sheet has put the company in a much better position. Rosen also talking about some things they plan on doing to help with yields from their operations.
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Cultivating the controversial plant makes use of tons of electricity and water. It’s best to know how to get these resources into consideration with environmental sustainability provided you have the license to grow cannabis.The eco-conscious lifestyle has gained so much popularity in the past five years. More and more people jumped into the bandwagon, which is an important milestone to help sustain Mother Earth.The environment-conscious way of thinking is now adapted everywhere around the world. Dubbed as the “green way,” it pertains to more eco-friendly alternatives that help the environment or lessen the pollution brought upon it.Now, if you’re one of the people who know how to cultivate the cannabis plant, you also know it takes too much electricity. Since you need to control the environment within the greenhouse, it needs high energy consumption, which has a negative impact on the environment. The plants also need excessive water to survive because of their characteristics.Cannabis sativa is also known to pollute wastewater reservoirs.Articles have stated that in North America, the commercial growing industry uses 1% of the total electricity consumption in the entire continent. The immense electricity consumption results in over 4,600 kilograms of CO2 released for every kilogram of cannabis grown indoors.The waste materials from run-off are said to be rich in contaminants and heavy metal that pollute nearby waters.Cannabis growers are promoting a green way to grow the plant, going into a more sustainable practice.Therefore, if you have a license to grow cannabis, or if your state allows it, here are some of the ways you can do to jumpstart your sustainable cannabis cultivation practices:Take It to the OutdoorsThe first step is to make use of renewable energy resources, in this case, it’s the sun. You wouldn’t need to mimic the sun’s rays indoors when you got the real thing, right?However, despite this way promising significant energy savings, it has its setbacks. If you farm outdoors, just like any plant, you have pests to look out for and soil to take care of.You then need to purchase pesticides and more fertilizers as improper cultivation of the plant causes soil erosion.But if you’re blessed with a green thumb and prefer to invest in pesticides instead of a shockingly high electricity bill, outside cultivation is a great option.You Can Reduce the Grow Light Power ConsumptionIf you do not want to risk possible soil erosion, you can invest in indoor planting, but with reduced light consumption.This method benefits from the natural cold night air, which reduces the need for heat extraction and allows the fans to operate at low power. Besides, electric charging at night is also cheaper than in the daytime.Be Sure to Compost Your Plants to Make Organic SoilTo promote healthier soil for your plants, it’s best to know how to use them as compost. Composting is quite an organic method that you can use to provide a very nutritious soil alteration for the growth of your cannabis.Reuse Your Soil for PlantingAnother green way to promote sustainable practices in commercial cannabis growing is to reuse your soil.Many do not recommend this because once the soil is already used, nutrients and components are gone. This makes it hard for the plant to properly grow.Don’t fret, though. It’s relatively easy to inject more nutrients to your soil over time so that you may use it again. This is where your plant composts and manure composts come in.There are also soil conditioners and modifications available that are a great source of extra micronutrients.Conserve Water Used for the Cannabis PlantsNot only does growing cannabis requires so much light energy, but it also needs so much water. It is indeed one thirsty plant.The green way to conserve water while growing your cannabis plants is to invest in desalination and reverse osmosis systems to have fresh, new water. Another option is to collect rainwater as this would give your plants their needed chlorine and calcium-free water.ConclusionCannabis dispensary sites, aside from developing weedery, should cater to products in demand for cannabis recreational and medical use.Allstuff420.com, an online wholesale company, can provide retail solutions that create incremental sales and profits for your cannabis dispensary company.Allstuff420 can customize its vast collection of products, especially for your brand to stand out.Visit us at ALLSTUFF420.COM and learn more about our products, services, and discounts for wholesale.
The company said it has never been in a better position to achieve sustainable and profitable top line revenue growth going forward
1933 Industries Inc (CSE:TGIF) (OTCQB:TGIFF) reported that its company-wide total sales and open orders reached C$1.4 million in January, which it called a “significant milestone” as 1933 continues to scale-up production from its state-of-the-art Las Vegas cultivation facility.
The company also noted that its Alternative Medicine Association (AMA) cultivation subsidiary saw its revenue surge 113% increase year over year, which represents its strongest monthly sales to date since launching its AMA branded cannabis flower and pre-rolls in late August 2020.
“As seasoned operators, we are pleased with the progress to date and we believe that the company has never been in a better position to achieve sustainable and profitable top line revenue growth going forward,” 1933 Industries CEO Paul Rosen said in a statement.
READ: 1933 Industries expects stronger finances in fiscal 2021 as it looks to grow Nevada market share
He added: “Our execution strategy is completely aligned with our shareholders as we continue to build the business, utilizing our competitive advantages in operating large-scale cultivation to solidify a dominant position within our core market.”
1933 Industries (CSE: TGIF- OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive with news the company has released their Q-1 financials which saw an increase in revenue of 12%.
Rosen also talked about the company’s margins which also saw a massive increase. Rosen also shared his thoughts on 2021 and how the recent U.S. election may have a big impact on the industry.
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With the goal of enhancing the user-experience, the group said the new website features more intuitive navigation and improved education to assist consumers select wellness products that suit their individual lifestyles and needs
() (OTCQB:TGIFF), a vertically integrated cannabis consumer packaged goods company, has announced the launch of a new e-commerce website for its Canna Hemp brand of hemp and CBD wellness products.
With the goal of enhancing the user-experience, the group said the new website features more intuitive navigation and improved education to assist consumers select wellness products that suit their individual lifestyles and needs. Featuring a large selection of high-quality hemp and CBD products with specific outcomes and delivery formats, Canna Hemp aims to bring natural wellness to consumers across the United States.
READ: 1933 Industries sees 1Q 2021 revenue climb 13% quarter over quarter on strong Nevada consumer demand
"Our new website reflects an immersive approach to online shopping. We aim to deliver the power of CBD to our consumers via an elevated experience, educating our visitors about the benefits of terpenes and adding a number of new features aimed at making the overall experience more impactful and user-friendly," Eugene Ruiz, president of 1933 Industries said in a statement.
"With a fresh look and feel, the hemp and CBD one-stop-shop showcases all our Canna Hemp brands, including our Canna Hemp X actions sports line," he added. "Canna Hemp stands as a trusted brand for its unwavering commitment to using only quality organic botanical ingredients that are free of synthetic chemicals, preservatives and additives. Canna Hemp infuses its products with high-grade, 100% all-natural hemp-derived CBD sourced from regulated suppliers in the US. Many of our products are made with TerpFX, our proprietary blend of terpenes designed to bring maximum benefits to your wellness routine."
1933 Industries sees 1Q 2021 revenue climb 13% quarter over quarter on strong Nevada consumer demand
"Every decision and action that we have taken has moved us closer towards achieving our targeted goal of accelerating our path to profitability,” said company president Eugene Ruiz
1933 Industries Inc () () has reported that its 1Q 2021 revenue rose by 13% quarter over quarter to $2.7 million, which it attributed to strong consumer demand following the launch of cannabis flower and pre-rolls in Nevada.
The company also noted that its 1Q net loss from continuing operations improved by 61% from 4Q 2020 to $2.8 million and said it is moving closer to profitability, while its adjusted EBITDA loss for the period shrunk by 81% quarter over quarter to $1.4 million.
“Our team has been steadfast in our commitment to transforming the company into a profitable enterprise. Every decision and action that we have taken has moved us closer towards achieving our targeted goal of accelerating our path to profitability,” said 1933 Industries president Eugene Ruiz in a statement.
READ: 1933 Industries reaches critical juncture with new products and management
He added: “During the first quarter 2021, tremendous progress was made. That progress has continued into the second quarter 2021, with our operating business units achieving profitability for the month of November 2020. We continue to believe we are on the path to achieving company-wide profitability by the end of the second quarter 2021. We remain vigilant and cognizant of the challenges posed by COVID-19 on tourism in our state, while remaining confident that the rebound of strong local cannabis sales experienced since the pandemic will provide for sustainable revenue growth.”
The merger will catapult BevCanna to become the only fully licensed, in-house, and white-label beverage manufacturing company that distributes both conventional and cannabis-based beverage and wellness products
It is evaluating a list of potential strategic partnerships and acquisition targets and could also expand through internal growth projects
The merger of the two Canadian beverage leaders in an all-stock deal will form a powerhouse in the plant-based mineral and cannabis beverage sectors
The company hopes to achieve cash flow break-even and profitability by the fiscal 2Q that ends January 30, 2021
1933 Industries Inc () () on Monday said it expects “substantial improvements” during fiscal 2021, with the goal of achieving cash-flow break-even and profitability by the second quarter that ends January 30, 2021.
The company made the forward-looking announcement after reporting fourth quarter and fiscal year 2020 results (both of which ended July 31) that underscored the effects of the COVID-19 pandemic on revenue and income.
For FY20, the company recorded C$12 million in revenue, compared to C$18 million in FY19. Net loss was C$22.2 million versus a loss of C$19.1 million a year before -- which includes a C$2.2 million impairment charge from discontinued operations in California.
READ: 1933 Industries signs agreement to gain 100% ownership of AMA Production
For the 4Q, revenue was C$2.4 million, compared to C$5.2 million in the previous year-ago quarter. Net loss was C$7.2 million versus a loss of C$5.7 million year-over-year. 1933 said the decrease in revenues stemmed from the continuing impact of COVID-19 restrictions in Nevada, the substantial loss of tourism due to the pandemic, and the retail limitations where the company's products are sold.
The resultant company will combine decades of consumer-packaged goods, capital markets, strategy and public company expertise
The proposed combination will create a fully licensed white-label beverage manufacturing and distribution company with a global multichannel distribution network of traditional retail and cannabis sales
First-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines
“As we approach commercialization of our products in the Canadian market and are seeing significant progress in our U.S. cannabidiol and natural products strategy, we will use the funds to accelerate our cannabis and traditional CPG strategies in both markets"
The company said the partnership with Naturo will bring access to over 3,000 distribution points, and manufacturing expertise
Under the deal, the company is purchasing the remaining 9% interest in AMA Production
1933 Industries Inc () () announced Thursday it has signed an agreement to purchase the remaining 9% interest in AMA Production LLC, giving it 100% ownership, which includes a property in Las Vegas.
Subject to the terms of the agreement, 1933 Industries said it will issue 3.7 million non-transferable share purchase warrants exercisable at $0.075 each and expiring on June 13, 2024.
As part of the transaction, 1933 Industries said a total of 1,650,000 outstanding warrants and 2,050,000 options will be cancelled, and the operating agreement for Alternative Medicine Association LLC (AMA) will be amended to concede complete managerial control of AMA to 1993 Industries.
READ: 1933 Industries to close C$918,720 private placement to help refocus business strategy on Nevada
“This is another step towards putting 1933 Industries on solid footing as it continues to progress on its key initiatives,” said CEO Paul Rosen in a statement. “The Agreement provides the Company with additional operating flexibility, which, alongside the most recent capital raises, the successful amendments to the Company’s convertible debentures and the continuing increases to our cultivation capacity, moves us forward towards our goal of achieving profitability.”
The ready-to mix line of CBD beverage enhancers have functional ingredients and will be launched on its Pure Therapy e-commerce platform
