Advertisement
Advertisement
U.S. markets closed
Advertisement
Advertisement
Advertisement
Advertisement

1933 Industries Inc. (TGIFF)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.0180-0.0003 (-1.85%)
At close: 03:46PM EDT
Advertisement

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.

Sign in to post a message.
  • S
    Steve
    Thank you for your message. In non-inflationary times, public companies will seek to strengthen their balance sheets by raising capital in the market or will work through normal banking options. However, selling a surplus asset that appreciated well over the years was a non-dilutive option for the company. We had an empty building with no plans to develop it. So this makes good business sense. The credit line is paid back and the remaining capital will be used for working capital.
  • S
    Steve
    well in 2 months and 3 months we will all get our answers bout cash , revenues etc that will tell us where the company is headed.
  • S
    Steve
    I think this company is done! lost all faith. they been using the credit line. even they have number of items in the top 10 in the last 4 months. how are they not profitable with increasing revenue and cost cutting.
  • D
    Darren
    I believe Rosen is prepping for a recession. What happens to the value of land/improvements during a recession? It drops in value. It was an excellent decision to sell the asset now. I don't believe Rosen approved the LOC because of cash burn. I don't think he wanted to use the $1m or so cash 1933 had prior to the land sale. The sale of the assets allowed Rosen to pay the LOC and add cash to the pot. Everyone automaticly saying cash burn this stock dilution that. Speaking of stock dilution, those that said Rosen would be diluting stock soon back in Feb were wrong. Rosen has improved and stabilized this company. He's the perfect guy for 1933 and has built a talented team that believes in the company.
  • S
    Steve
    Las Vegas City Council Approves Cannabis Consumption Lounges

    Council voted 5-1 in favor of the proposal.

    yay!! that should help.
  • D
    Darren
    Anyone know if a consumption lounge license is attained does it have to be utilized right away? If not, 1933 having a standalone consumption lounge license, even if it isn't utilized, would be extremely valuable when Rosen decides to sell!
  • S
    Steve
    morning ppls. so Sept 20 we have 3 in the top 10 in pre rolls . for flower we have 1 in the 10 top. for concentrates we have 4 in the top 10. all base on the last 90 days. looks pretty good
  • S
    Steve
    heading to Vegas on Sunday. curious to see how it is there.
  • S
    Steve
    Sunday night was packed here in Vegas!!! but didn't see or smell alot of weed out there. the odd time here and there.
  • D
    Darren
    Planet 13 currently has 62 different AMA products and 24 Cannahemp product. Appears 1933 is soaring HIGH!
  • A
    AfterDark682
    Huge drop this morning. -20.86%
  • D
    Darren
    Per Headset, Sin Mint Cookies Crumble is the #1 selling concentrate in NV.
  • D
    Dirtbags
    A short was covering.
  • T
    Tom D
    If Paul Rosen can pull this off ( and I believe he can ) He will be legendary for how he bossed this company into profitability.
  • U
    Upstream Thinker
    Anyone know if the person heading up sales is a full-time or part-time employee?
  • N
    NSXCRAZY
    Rosen is being generous. It’s the world of cannabis currently

  • D
    Dirtbags
    Fair sized inventory drop at P13 since yesterday.
  • S
    Steve
    VANCOUVER, BC / ACCESSWIRE / September 9, 2022 / 1933 Industries Inc. (the "Company" or "1933Industries") (CSE:TGIF) (OTCQB:TGIFF), a Nevada-focused cannabis consumer packaged goods company, is pleased to announce that it has obtained a line of credit of up to US$1,000,000 (the "Loan"), provided by Mr. Paul Rosen, Chairman and CEO of the Company.

    The Company has agreed to provide Mr. Rosen (the "Lender") senior first priority security interests in all of its assets as collateral for the Loan. Withdrawals from the line of credit must be approved by the Lender and must include the requested amount and the use of the funds and each withdrawal will collectively constitute the "Principal". Interest on the Principal will commence to accrue on the date of each withdrawal, with an interest rate of 11% per annum accrued until the principal is paid in full. The Loan has a one-year term (the "Maturity Date"). The Principal, together with all accrued interest and fees is due and payable on or before the Maturity Date. However, a minimum interest rate of 2% of the principal will be paid on the event that the Loan is paid back prior to the end of the term.
  • R
    Ryan
    Good point about the Lounges from Reddit : 1933 also has a distribution license that allows them to skip the middleman and deliver direct to buyers so hopefully that can put that to good use delivering flower and concentrates to direct to lounges they sell to. The lounges are exciting bc it’s a ton of new retail space for 1933 to occupy if they can manage to get their prerolls and vapes into them as they open up.
  • S
    Steve
    Nevada
    Sales increased 6.9% sequentially, falling 14% from a year ago to $70.9 million. Flower sales dropped 21% from a year ago. Concentrates fell 1%, while ingestibles decreased 18% and pre-rolls declined 9%
Advertisement
Advertisement