MjLink Cannabis Business News and Press
The Vancouver-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720
1933 Industries Inc () (), a vertically-integrated cannabis consumer packaged goods company, announced on Monday that it will close a non-brokered private placement for C$918,720 this week to raise working capital and refocus the firm’s business strategy on its core market of Nevada.
The Vancouver, British Columbia-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720.
The company said each unit consists of one share and one transferable share purchase warrant. Each warrant entitles the holder to buy one share at an exercise price of C$0.106 per unit for a period of 18 months from the closing date.
READ: 1933 Industries’ premium Canna Hemp brand of CBD products now available in most of the US
The units shall be subject to a four month and one day hold period, expiring on March 4, 2021.
The company said receiving the licence will be a “major milestone” for the company’s commercialization and white-label plans
The infused cannabis beverages giant expects to launch the popular US beverage and distillate vape lines by the first quarter of 2021
The former Canadian CEO of Arrowhead Water Products will help BevCanna win domestic and international distribution, sales, and M&A opportunities
BevCanna Enterprises successfully completes trial production runs of Keef and State B beverage lines
BevCanna has produced and evaluated multiple formulations of the products, including sparkling water, tea-based and soda formats, and multiple bottling formats
The private placement was for $250,000 at $0.25 per unit and the $500,000 senior management exercise of 1,500,000 stock options was at an exercise price of $0.30 per share
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.
READ: 1933 Industries to sell its Canna Hemp line of wellness products in CBD Plus stores in US
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.
The Vancouver-based infused cannabis beverages giant has appointed Panetta as an executive advisor as it eyes rapid business development
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The Vancouver infused beverage expert will leverage Keef's large US distribution network to launch their house brands in the American market
The group's wholly-owned subsidiary, Pure Therapy reported C$1.53 million in unaudited gross revenue for the first nine months of 2020
It recently acquired US e-commerce platform Pure Therapy Products Corp as a vehicle to scale its business into the US and abroad
The cannabis beverage company sold 844,800 units, each containing one common share and one purchase warrant, at a price of C$0.25 per unit
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.
READ: 1933 Industries closes non-brokered private placement for ongoing business development
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.
CSE:TGIF
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.
Pure Therapy is a proven e-commerce brand with an extensive list of over 22,000 customers
