logo-loader
view1933 Industries Inc.

1933 Industries subsidiary to manufacture Bloom cannabis products for Nevada market

Bloom is now sold in over 300 licensed retailers in California, Nevada, Washington and New Mexico

1933 Industries Inc. - 1933 Industries Inc subsidiary wins exclusive license to manufacture Bloom cannabis products for Nevada market
1933 Industries' subsidiary Alternative Medicine Association was the first licensed cultivator in Southern Nevada

1933 Industries Inc’s (CSE:TGIF) (OTCMKTS:TGIFF) subsidiary has struck a licensing agreement with Capna Intellectual Inc, the developer of The Bloom Brand of cannabis products. 

The one-year agreement was executed in December and received state approval in January. It awards the company’s subsidiary Alternative Medicine Association LLC (AMA), the exclusive license to manufacture a wide range of Bloom products for the Nevada market, according to a statement. 

Established in California in 2014, Bloom is now sold in over 300 licensed retailers in California, Nevada, Washington and New Mexico, with further expansion planned for new markets in Oklahoma, Massachusetts and Canada.

READ: 1933 Industries enters California cannabis market with branded CBD and THC products

In 2015, AMA was the first licensed cultivator in Southern Nevada. Today, AMA continues its tradition of cultivating craft cannabis in a newly constructed, state-of-the-art, purpose-built facility in Las Vegas, offering consistency and scalability. 

Well-known for its premium quality cannabis products, AMA produces a variety of THC concentrates, as well as oils used in vape pen cartridges, with a variety of terpene profiles for flavors and aromas.

“Our companies focus on end-use cannabis products that provide the highest quality ingredients and that are safe for consumers,” said Ester Vigil, president of 1933 Industries. “Our goal is to expand beyond our proprietary AMA products and represent the very best cannabis brands in Nevada, offering a full suite of differentiated product lines. 

Opportune time to collaborate 

Vigil noted that Bloom “is a brand we have been watching for some time, waiting for the opportune time to work together.” 

The Bloom licensed THC products include vapes and oils that can be added to flower, dabs or for infusing food.

Vancouver-based 1933 Industries was quick to point out that the Bloom products do not contain any additives or vitamin E Acetate -- which has been cited as a key cause of the ongoing vaping illness outbreak.   

"Consistency is at the core of everything we do, so it was integral for us to find the right partners to act as an extension of our vision," said Bloom CEO Vitaly Mek. "We are thrilled to begin this partnership with 1933. Their extensive cannabis history and experience in Nevada give us confidence that we will be able to achieve our goals together.”

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: 1933 Industries Inc.

Price: 0.2 CAD

CSE:TGIF
Market: CSE
Market Cap: $57.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of 1933 Industries Inc. named herein, including the promotion by the Company of 1933 Industries Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Buds & Duds: Cannabis shares start week mixed; 1933 Industries gains on new...

Cannabis stocks were mixed on Monday to open the trading week in North America. The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, stayed relatively flat, inching 0.2% higher to 170 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF...

on 09/23/2019

2 min read