1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF), a Canadian cannabis company with a presence in Nevada, said its first year of operations has seen “excellent progress.”

The company noted its consistent sales revenue growth, totaling C$4.6 million this October, compared with C$2.5 million in October 2017.

BIG PICTURE: 1933 Industries stokes Las Vegas capacity expansion in anticipation of medical and recreational cannabis product demand

“Our strong financial results of $12.6 million in sales revenue for our fiscal year 2018 are a testament of our sound operational management and diligent business practices as we continue to build a solid foundation for the future”, said CEO Brayden Sutton in the company’s press release.

The cannabis company highlighted its infrastructure progress and its expansion of its wholesale capacity.

1933 Industries’ 67,750-square-foot cannabis cultivation facility in Las Vegas is on track to be completed by February 2019.

The company has also acquired a 12,160-square-foot building to expand its hemp processing and cannabidiol extraction capabilities.