1933 Industries Inc. (TGIFF)

[greenwillow]

1933 Industries closes $4.5-million financing

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTGIF-2731287&symbol=TGIF®ion=C

"The net proceeds of the offering will be used for general working capital. The offering was fully subscribed by one placee, Paul Rosen.

"We are extremely pleased to welcome Paul as a strategic investor in the company," said Brayden Sutton, president and chief executive officer. "Paul has been involved with some of the most iconic cannabis businesses in Canada and across the world. As an industry veteran and visionary, Paul shares our view of the rising opportunities in the U.S. as more states develop regulations and open up cannabis markets."

"1933 Industries has an experienced and exceptional team of operators in an exciting and quickly expanding industry. The company's business model incorporates cultivation, extraction, processing, manufacturing, branding, distribution and ancillary services. There are only a handful of companies that have been able to accomplish this in a short period of time," commented Mr. Rosen. "There is a massive market opportunity in the U.S. cannabis industry and the company is well positioned for growth."

Paul Rosen

Mr. Rosen is a noted career entrepreneur, management consultant and public speaker. Over the last six years, he has become one of the most active entrepreneurs and investors in the emerging global cannabis industry. He is a co-founder of PharmaCan Capital Corp., and served as president and CEO for three years, following which the company underwent a corporate rebranding to become Cronos Group. Mr. Rosen is a founder and former CEO and chairman of Tidal Royalty Corp. and sits on the boards of iAnthus Capital Holdings, Hill Street Beverages and High Tide Ventures.