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LOS ANGELES and TORONTO, June 11, 2021 (GLOBE NEWSWIRE) -- The Tinley Beverage Company (CSE:TNY, OTC:TNYBF) ("Tinley's" or "Company") is pleased to announce that it has closed a C$2.4 million private placement to advance its co-packing and branded product growth. Closing occurred on June 10, 2021. T...
LOS ANGELES and TORONTO, June 14, 2021 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. (CSE:TNY, OTC:TNYBF) ("Tinley's" or the "Company") is pleased to announce that its cannabis infused beverages will be one of the inaugural brands to launch at Planet 13's Orange County SuperStore "P13 OC" at ...
LOS ANGELES and TORONTO, June 17, 2021 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. (CSE:TNY, OTC:TNYBF) ("Tinley's" or the "Company") is pleased to announce that California's longstanding favourite cannabis beverage "Sprig" will produce at Tinley's bottling facility in Long Beach, Californi...
VANCOUVER, BC / ACCESSWIRE / August 9, 2021 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQB:TGIFF), a Nevada focused cannabis consumer packaged goods company, is pleased to announce that it received approval from Debentureholders of 10% Unsecured Convertible Debentures D...
VANCOUVER, BC / ACCESSWIRE / July 16, 2021 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQB:TGIFF), a Nevada-focused cannabis consumer packaged goods company, announces an extraordinary meeting of holders of 10% Senior Unsecured Convertible Debentures Due September 14, 20...
The amendment seeks to complete the one-year extension of the maturity date of the debentures VANCOUVER, BC / ACCESSWIRE / August 2, 2021 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQB:TGIFF), a Nevada focused cannabis consumer packaged goods company, reminds Debentureh...
VANCOUVER, BC / ACCESSWIRE / June 29, 2021 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQB:TGIFF), a Nevada-focused cannabis consumer packaged goods company, is pleased to announce its third quarter ("Q3 2021") financial results for the period ended April 30, 2021. All a...
Cannabis company focused on the growing US legal cannabis market New CEO and CFO appointed in 2020 Operates via two main subsidiaries

1933 Industries is a vertically-integrated, growth-orientated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the company controls all aspects of the value chain with cultivation, extraction, processing, and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners. The company owns 91% of Alternative Medicine Association LLC (AMA), and 100% of Infused MFG LLC.

The “1933” in the company name is a nod to the year when the prohibition of alcohol ended in the US. Today, 1933 Industries aims to capitalize on opportunities that have come as a result of the industry legalization in a collection of US states and is focused on the high tourism Nevada market.

1933 Industries has two main subsidiaries. The first is Alternative Medicine Association (AMA), a licensed medical and adult-use cannabis cultivation and extraction subsidiary that produces its own branded line of unique cannabis-based products and manufactures third-party brands. With state-of-the-art cultivation and extraction facilities based in Las Vegas, Nevada, AMA seeks to offer medical patients and recreational users alike a cannabis experience that’s exceptional, potent, and consistent in quality. AMA’s products include craft cannabis premium tier bud flower, pre-rolls and concentrated cannabis products such as Cake Batter, Crumble and Sugar, Live Resin, Shatter, Diamonds; vape pens and distillate oil.  

The second subsidiary is Infused MFG, a Las Vegas-based manufacturer of hemp-based, cannabidiol (CBD) infused products. Infused MFG’s product line includes topicals, creams, vapes, elixirs, capsules, dabs, lip balms and pre and post-workout recovery sports products. The subsidiary manufacturers its products under its Canna Hemp brand, which utilizes the power of hemp and CBD to bring natural wellness.

In 2020, 1933 Industries appointed Paul Rosen as its CEO. Rosen is no stranger to the cannabis industry, having previously co-founded and served as CEO of PharmaCan Capital Corp that was later rebranded to The Cronos Group. The company also appointed experienced finance industry professional Tricia Kaelin as the company’s new chief financial officer.

1933 Industries (CSE: TGIF- OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive to bring news the company has completed their recent oversubscribed financing bringing in over 5 million dollars.

Rosen sharing with Proactive this capital along with some work on the balance sheet has put the company in a much better position. Rosen also talking about some things they plan on doing to help with yields from their operations.

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The company said it has never been in a better position to achieve sustainable and profitable top line revenue growth going forward

1933 Industries says it expects to generate increased revenues and improved margins with higher volume, quality and consistency of saleable flower and biomass produced

1933 Industries Inc () () reported that its company-wide total sales and open orders reached C$1.4 million in January, which it called a “significant milestone” as 1933 continues to scale-up production from its state-of-the-art Las Vegas cultivation facility. 

The company also noted that its Alternative Medicine Association (AMA) cultivation subsidiary saw its revenue surge 113% increase year over year, which represents its strongest monthly sales to date since launching its AMA branded cannabis flower and pre-rolls in late August 2020.

“As seasoned operators, we are pleased with the progress to date and we believe that the company has never been in a better position to achieve sustainable and profitable top line revenue growth going forward,” 1933 Industries CEO Paul Rosen said in a statement.

READ: 1933 Industries expects stronger finances in fiscal 2021 as it looks to grow Nevada market share

He added: “Our execution strategy is completely aligned with our shareholders as we continue to build the business, utilizing our competitive advantages in operating large-scale cultivation to solidify a dominant position within our core market.”  

1933 Industries (CSE: TGIF- OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive with news the company has released their Q-1 financials which saw an increase in revenue of 12%.

Rosen also talked about the company’s margins which also saw a massive increase. Rosen also shared his thoughts on 2021 and how the recent U.S. election may have a big impact on the industry.

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With the goal of enhancing the user-experience, the group said the new website features more intuitive navigation and improved education to assist consumers select wellness products that suit their individual lifestyles and needs

Featuring a large selection of high-quality hemp and CBD products with specific outcomes and delivery formats, Canna Hemp aims to bring natural wellness to consumers across the United States

() (OTCQB:TGIFF), a vertically integrated cannabis consumer packaged goods company, has announced the launch of a new e-commerce website for its Canna Hemp brand of hemp and CBD wellness products. 

With the goal of enhancing the user-experience, the group said the new website features more intuitive navigation and improved education to assist consumers select wellness products that suit their individual lifestyles and needs. Featuring a large selection of high-quality hemp and CBD products with specific outcomes and delivery formats, Canna Hemp aims to bring natural wellness to consumers across the United States.

READ: 1933 Industries sees 1Q 2021 revenue climb 13% quarter over quarter on strong Nevada consumer demand

"Our new website reflects an immersive approach to online shopping. We aim to deliver the power of CBD to our consumers via an elevated experience, educating our visitors about the benefits of terpenes and adding a number of new features aimed at making the overall experience more impactful and user-friendly," Eugene Ruiz, president of 1933 Industries said in a statement.

"With a fresh look and feel, the hemp and CBD one-stop-shop showcases all our Canna Hemp brands, including our Canna Hemp X actions sports line," he added. "Canna Hemp stands as a trusted brand for its unwavering commitment to using only quality organic botanical ingredients that are free of synthetic chemicals, preservatives and additives. Canna Hemp infuses its products with high-grade, 100% all-natural hemp-derived CBD sourced from regulated suppliers in the US. Many of our products are made with TerpFX, our proprietary blend of terpenes designed to bring maximum benefits to your wellness routine."

"Every decision and action that we have taken has moved us closer towards achieving our targeted goal of accelerating our path to profitability,” said company president Eugene Ruiz

1933 Industries says it remains on track to reach full cannabis flower output capacity by March 2021

1933 Industries Inc () () has reported that its 1Q 2021 revenue rose by 13% quarter over quarter to $2.7 million, which it attributed to strong consumer demand following the launch of cannabis flower and pre-rolls in Nevada.

The company also noted that its 1Q net loss from continuing operations improved by 61% from 4Q 2020 to $2.8 million and said it is moving closer to profitability, while its adjusted EBITDA loss for the period shrunk by 81% quarter over quarter to $1.4 million.

“Our team has been steadfast in our commitment to transforming the company into a profitable enterprise. Every decision and action that we have taken has moved us closer towards achieving our targeted goal of accelerating our path to profitability,” said 1933 Industries president Eugene Ruiz in a statement.

READ: 1933 Industries reaches critical juncture with new products and management

He added: “During the first quarter 2021, tremendous progress was made. That progress has continued into the second quarter 2021, with our operating business units achieving profitability for the month of November 2020. We continue to believe we are on the path to achieving company-wide profitability by the end of the second quarter 2021. We remain vigilant and cognizant of the challenges posed by COVID-19 on tourism in our state, while remaining confident that the rebound of strong local cannabis sales experienced since the pandemic will provide for sustainable revenue growth.”

The merger will catapult BevCanna to become the only fully licensed, in-house, and white-label beverage manufacturing company that distributes both conventional and cannabis-based beverage and wellness products

Vancouver-based BevCanna will also gain access to global, multi-channel distribution networks of traditional and cannabis sales channels

BevCanna Enterprises Inc () (QTCQB:BVNNF) (FRA:7BC) announced Thursday that its acquisition of Naturo Group Investments Inc will close on or before January 20, 2021. 

In a statement, BevCanna said the merger will create a comprehensive health and wellness beverage and natural products company, one that generates significant value for both organizations and brings together two exceptionally experienced and innovative leadership teams. 

“Bringing these two leaders within the Canadian beverage industry together will unlock significant potential for growth,” said Don Wood, an advisory board member of BevCanna and former CEO of Arrowhead Spring Water. 

READ: BevCanna executes definitive agreement to acquire Naturo including its $35M assets

“Consumers continue to flock to health and wellness-focused products, and BevCanna’s wide range, including the innovative TRACE offering, with its proprietary plant-based mineral beverage, alkaline and sparkling beverages, and natural supplements, is a perfect fit for this progressive market,” he added.

It is evaluating a list of potential strategic partnerships and acquisition targets and could also expand through internal growth projects

Bevcanna Enterprises says it hopes to capitalize on the "explosive" growth of plant-based functional beverages in the US

BevCanna Enterprises Inc () () (FRA:7BC) reported that it intends to further expand into the US market and is in the process of evaluating a list of potential strategic partnerships and acquisition targets. 

The company also said it is considering expansion south of the border through internal growth projects and is specifically seeking strong beverage brands, manufacturers and distributors that have a wide range of capabilities and established distribution networks. 

“The US market for plant-based functional beverages and consumer products is exploding. We’re seeing exceptionally strong year-over-year growth across a number of wellness categories, and as we evolve into a comprehensive health and wellness company focused on plant-based functional beverages and natural health products, we see unlimited opportunities to bring our products and expertise to this burgeoning market,” said BevCanna Enterprises CEO Marcello Leone in a statement.  

READ: BevCanna executes definitive agreement to acquire Naturo including its $35M assets

He added: “BevCanna will now offer one of the most unique and diverse portfolios of beverage and wellness products within the cannabis, plant-based fulvic and humic, and natural health products categories. We plan to bring this strength to global markets, including the expansive US base.”

The merger of the two Canadian beverage leaders in an all-stock deal will form a powerhouse in the plant-based mineral and cannabis beverage sectors

BevCanna will take ownership of Naturo’s 40,000-square feet beverage facility, 315-acres of outdoor cultivatable land valued at $10.4 million and manufacturing equipment valued at $3.4 million

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) announced over the weekend that it has executed a definitive agreement with its long-time partner, Naturo Group Investments Inc to purchase all the issued and outstanding securities of the privately-held beverage group in an all-stock deal. 

Vancouver-based infused cannabis drinks giant BevCanna said that once the deal is completed Naturo will become its wholly-owned subsidiary. To complete the transaction, BevCanna will issue 50,000,000 common shares of the company to acquire all the outstanding shares of Naturo. The deal will naturally require CSE approval, due diligence investigations by BevCanna, and shareholder approval by Naturo. BevCanna will be responsible for all Naturo’s assets and liabilities once the deal is completed. 

“The joining together of these two companies will be an unbeatable combination,” said Marcello Leone, founder of Naturo and CEO of BevCanna. 

READ: BevCanna Enterprises provides recap of this week's management call, including planned Naturo takeover

The company hopes to achieve cash flow break-even and profitability by the fiscal 2Q that ends January 30, 2021

1933 expects the availability of high-quality cannabis flower cultivated in-house will increase demand for its products and have a positive impact on gross margins going forward

1933 Industries Inc () () on Monday said it expects “substantial improvements” during fiscal 2021, with the goal of achieving cash-flow break-even and profitability by the second quarter that ends January 30, 2021.

The company made the forward-looking announcement after reporting fourth quarter and fiscal year 2020 results (both of which ended July 31) that underscored the effects of the COVID-19 pandemic on revenue and income.

For FY20, the company recorded C$12 million in revenue, compared to C$18 million in FY19. Net loss was C$22.2 million versus a loss of C$19.1 million a year before -- which includes a C$2.2 million impairment charge from discontinued operations in California.

READ: 1933 Industries signs agreement to gain 100% ownership of AMA Production

For the 4Q, revenue was C$2.4 million, compared to C$5.2 million in the previous year-ago quarter. Net loss was C$7.2 million versus a loss of C$5.7 million year-over-year. 1933 said the decrease in revenues stemmed from the continuing impact of COVID-19 restrictions in Nevada, the substantial loss of tourism due to the pandemic, and the retail limitations where the company's products are sold. 

The resultant company will combine decades of consumer-packaged goods, capital markets, strategy and public company expertise

Naturo brings over C$35 million of assets, including a 40,000 square foot beverage facility, 315-acres of cultivatable land valued at C$10.4 million, along with beverage manufacturing equipment valued at C$3.4million

BevCanna Enterprises Inc () () (FRA:7BC) has provided investors with the highlights and a chance to listen again to a management call given on November 24, which discussed recent developments at the cannabinoid‐infused drinks specialist, notably, the planned deal to buy partner Naturo, a landmark agreement worth C$6.5 million.

The resultant company will combine decades of consumer-packaged goods (CPG), capital markets, strategy and public company expertise from both teams and eliminate all future payment liabilities under BevCanna’s current agreements with drinks manufacturer Naturo.

READ: BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

"The proposed combination will create the only fully licensed white-label beverage manufacturing and distribution company with the capability to manufacture and distribute both CPG and cannabis-based beverages, with a global multi-channel distribution network of traditional retail and cannabis sales channels," Bevcanna reminded investors in a statement.

Naturo brings over C$35 million of assets, including a 40,000 square foot (sq ft) beverage facility, 315-acres of cultivatable land valued at C$10.4 million, along with beverage manufacturing equipment valued at C$3.4million as of its year-end.

The proposed combination will create a fully licensed white-label beverage manufacturing and distribution company with a global multichannel distribution network of traditional retail and cannabis sales

BevCanna will purchase all issued and outstanding shares of Naturo in exchange for roughly 50 million common shares at a price of C$0.40 per share

BevCanna Enterprises Inc () () (FRA:7BC) has signed a letter of intent to acquire Naturo Group Investments Inc, a privately held beverage company, in an all-stock deal worth C$6.5 million.

BevCanna and Naturo have operated for the past three years under an exclusive partnership, including a master license agreement that gave BevCanna exclusive access to Naturo’s 40,000-square-foot state beverage manufacturing facility and alkaline spring water source. 

The proposed combination will create a fully licensed white-label beverage manufacturing and distribution company with a global multichannel distribution network of traditional retail and cannabis sales, the company said. BevCanna will take ownership of the beverage facility and water source, as well as 315-acres of cultivable land valued at C$10.4 million and beverage manufacturing equipment worth C$3.4 million.

READ: BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

First-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines

The firm is in talks with one of Canada’s leading Licensed Producers (LP) to distribute BevCanna’s products to provincial cannabis distribution boards

BevCanna Enterprises Inc () () (FRA:7BC) aims to have its Keef and Cali-Bloom drinks products on shelves across Canada in the first quarter of 2021, it told investors, as the firm revealed it had submitted notice of new cannabis product (NNCP) forms to regulator Health Canada. 

In a statement on Wednesday, BevCanna also said first-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines. 

READ: BevCanna looking to raise gross proceeds of up to $5.0 million from a non-brokered private placement of up to 10 million units

"We’re extremely pleased with the progress that we’ve made in our commercialization plans for Keef and Cali-Bloom in Canada,” said John Campbell, chief strategic officer for BevCanna.

The firm said it is in talks with one of Canada’s leading Licensed Producers (LP) to distribute BevCanna’s products to provincial cannabis distribution boards.


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