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1933 Industries ends 2018 on high note as revenue climbs

The cannabis company highlighted its sales revenue growth during its first year of operations

1933 Industries conference booth
Fiscal year 2018 sales revenue for 1933 Industries totaled C$12.6 million

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.

 

Quick facts: 1933 Industries Inc.

Price: 0.07 CAD

CSE:TGIF
Market: CSE
Market Cap: $19.98 m
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1933 Industries named cannabis industry veteran Paul Rosen as Interim CEO

1933 Industries (CSE: TGIF-OTCQX: TGIFF) Interim CEO Paul Rosen joined Steve Darling from Proactive Vancouver to discuss him taking over the company. Rosen told Proactive about his lengthy career in cannabis and where he wants to take the company moving forward. He also discussed the cannabis...

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