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Re: MIMadman post# 1258

Sunday, 07/14/2019 9:47:12 PM

Sunday, July 14, 2019 9:47:12 PM

Post# of 2035
Hi Chris, I'm an investor from Ottawa, Canada since 2017. Thanks for doing this. I have 2 questions for you:
1) The first one is a hypothetical: If a recession similar to 2008 or worse were to hit tomorrow...and outside financing became limited, how self-sustainable would 1933 Industries be and what would be your gameplan?
2) After 1933's new facility is up and running in full production & sales for a few quarters, what is your next plan of action to grow the company? Where do you see the business in 3-5 years?
Thank you for taking the time to do this. I would love to visit your facilities the next time I'm in Vegas. Cheers.

Chris's responses
We are managing our capital wisely. We do not foresee a recession, however, should one happen we have built a company with sustainable profitability as a primary goal. We are well capitalized and expect that our products will be recession-proof. Cannabis is pretty recession-proof :)
We have continued to grow throughout our expansion. We expect to expand further into Colorado, California, Arizona and other states with legalized cannabis use. We are constantly developing and working with key brands in the space to continue to gain market share and brand presence.
Thanks for the support!