Brayden Sutton, who has led the cannabis cultivator since October, was named chairman of the board.
Sutton will receive 200,000 bonus shares at C$0.50 per share instead of a cash bonus, the company said.
Meanwhile, the Vancouver company is looking for European investors. 1933 announced a consulting deal with Westmount Capital, which will provide investor relations services in Europe.
The firm will receive 100,000 stock options exercisable at C$0.55 per share in exchange for introducing the company to institutional investors, fund managers and family offices, among other promotion.
Shares of 1933 held at C$0.45 on the CSE and slipped 3.6% to US$0.33 on OTC markets.
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