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1933 Industries (CSE:TGIF) has announced a non-brokered private placement

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The company is looking to raise gross proceeds of up to $5 million from the placement of up to 66,666,666 units priced at $0.075 per unit. The units consist of 1 share and one half a warrant, with each full warrant exercisable at $0.125 for 24 months, subject to an acceleration clause.

Additional Information:

Company: 1933 Industries
Website: http://www.1933industries.com
Stock Symbol: CSE: TGIF
Date Published: Jul 17, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

1933 Industries, a vertically-integrated cannabis consumer packaged goods company, has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $5 million from the placement of up to 66,666,666 units priced at $0.075 per unit.

The units consist of 1 share and one half a warrant, with each full warrant exercisable at $0.125 for 24 months, subject to an acceleration clause.

The shares are currently trading at $0.07.

1933 Industries recently announced the appointment of new executive leadership, including Paul Rosen as CEO, Gene Ruiz as President and Tricia Kaelin as CFO.

Paul Rosen, CEO, stated: "1933 Industries has the assets in place to build a self-sustaining and profitable business. Our new cultivation facility in Las Vegas is now running at full capacity and we have launched new hemp and CBD wellness products and opened up new sales channels, including through Amazon and Walmart. We have cut our public entity expenses by 68% and our non-operating expenses by 46% since November 2019, and we continue to move aggressively to control costs. This financing will strengthen our balance sheet and provide additional cash reserves to manage COVID-19 related uncertainty while we execute on our strategy."

The company is 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, LC, 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.

The company also owns 100% of Infused MFG, which produces the Canna Hemp™ line of hemp-based, CBD products, thoughtfully crafted of high-quality organic botanical ingredients.

For more information, please visit the company’s website at www.1933industries.com, contact Alexia Helgason, VP investor relations and corporate communications at 604-674-4756 ext #1 or by email at alexia@1933industries.com.

I’m Cassandra Bolinski for Investmentpitch Media