After revealing that the company generated C$5.2 million in revenue in Q4 without adding to its operations, 1933 Industries is looking to expand its brand portfolio and presence in the US. According to Rebentisch, the company’s cannabis and hemp-based products are currently sold in 46 states including over 800 retailers. He believes that the variety of brands and products that 1933 Industries offers will allow the company to become a dominant player in each market.
To this aim, 1933 Industries has signed multiple agreements for brands to create a portfolio that appeals to a broad demographic and age group. Some of the brands include Birdhouse Skateboards, Blonde, Jack Herer and PLUGplay. Rebentisch stated that the company intends to add more cultural-based and unique brands to 1933 Industries’ portfolio in the coming months. He also told INN that the company is targeting the Arizona cannabis market, which has the potential to be a “huge” market once recreational-use cannabis is legalized next year.
In the meantime, Rebentisch is looking forward to changes in cannabis and banking regulations, which would allow institutional investors to participate in the US cannabis industry. He also believes that these changes will help eliminate the black market, which has recently been linked to individuals becoming ill after using a vaporizer.
Below is a transcript of our interview with 1933 Industries CEO Chris Rebentisch. It has been edited for clarity and brevity.
Investing News Network: What is your name, company and ticker symbol?
1933 Industries CEO Chris Rebentisch: Chris Rebentisch, CEO of 1933 industries. Our ticker is TGIF on the CSE and TGIFF on the OTC.
INN: Please give our investor audience an overview of 1933 Industries and its recent activities.
CR: 1933 is a consumer branded goods company in the cannabis and hemp-based CBD markets. Our products are sold in 46 states including over 800 retailers. We have cannabis manufacturing in Colorado and Nevada. Our largest presence is in Nevada with our massive cultivation facility, which we just brought online. It produces about five times the amount of our current facility. We’re also expanding our extraction and manufacturing as we’ve brought on multiple brands. We’re building a house of brands to dominate the cannabis markets in Nevada, Colorado and California.
INN: Could you please expand on the significance of your recent fourth-quarter revenue guidance?
CR: We released a revenue of US$5.2 million in Q4, which is up almost 50 percent year over year. The significance of this is that we did it on the same infrastructure. There were no new brands, buildings, mergers or acquisitions. It’s pure raw growth from the professionalism and expertise that we have in the cannabis space.
INN: Could you tell us about your recent agreement for the launch of the Blonde brand?
CR: We’ve brought on multiple brands like Tony Hawk’s Birdhouse Skateboards and OG DNA Genetics, a company that we collaborated with on CBD DNA genetics. OG DNA Genetics is the world-renowned genetics specialist of cannabis strains. We’ve brought on a new brand from Los Angeles called Blonde, which is a premier high-end strain and brand that we believe will be the next big thing. We also brought on the Jack Herer brand into Nevada as well as PLUGplay, which is a unique vaporizer hardware comprised of magnetic pods with extensive battery lives. The purpose of 1933 is to be a consumer branded goods company with a house of brands that allows us to dominate any market that we enter.
INN: What sector-wide catalysts would be most beneficial for 1933 Industries?
CR: Regulations and banking. These are the most difficult things we deal with. There have been a lot of issues with vapes around the country right now. People are getting sick because of unregulated markets. Nationwide regulation, deregulation and banking changes would allow institutional investors to invest in the US cannabis space.
INN: What’s next for 1933 Industries, and how does that fit into the company’s long-term goals?
CR: We’ll continue to build our house of brands by adding more cultural-based and unique brands. Once they are established, we will move from state to state and territory to territory. Next for us is Arizona. It’s a huge market and is going recreational next year. Then we continue to dominate the rest of the West Coast before moving to the East Coast as we develop nationwide distribution channels for our products and brands.
This interview is sponsored by 1933 Industries (CSE:TGIF,OTCQX:TGIFF). This interview provides information which was sourced by the Investing News Network (INN) and approved by 1933 Industries in order to help investors learn more about the company. 1933 Industries is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with 1933 Industries and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.
Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.