1933 Industries Inc. (TGIFF)

[BlueGreenPower]

**NEWS** 1933 Industries Reports First Quarter 2022 Financial Results

Over Q1 2022, the Company continued to make strategic cost reductions across all divisions, with the goal of achieving consistent profitability. The Company successfully extended its convertible debt to mature in September 2022, reduced operating expenses by 45%, improved gross margins by 18%, and reduced net loss by 66% compared to Q1 2021.

The Company believes that the changes it has made in both its cultivation and post-harvest processes and procedures will result in increased flower capacity, consistency, and quality and that the Company remains on the right path to improve its growth and reach consistent profitability in fiscal 2022 and beyond.

https://finance.yahoo.com/news/1933-industries-reports-first-quarter-223000027.html

Looks like 1933 has found a stable baseline of $2.5 million quarterly to build on. With a run rate now around $10M annually their current market cap seems pretty low to me. These cannabis company valuations seem crazy to me on a fundamental level.

Nice to see Paul brought in two cannabis industry veterans for sales and cultivation. I'm already seeing 1933 products in more stores. AMA is also posting frequently rooms full of healthy and fire looking flower getting ready for harvest. Fingers crossed 2022 will be profitable for 1933. Happy New Year!!!! glta