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Tuesday, January 18, 2022 9:05:11 AM
Mr. Paul Rosen, Chairman and CEO of 1933 Industries stated, "The intended acquisition of Day One strategically positions the Company at the forefront of one of the fastest growing categories in the beverage space. CBD-infused beverages are part of the healthier for you movement targeted towards a health-conscious social consumer who wants a better alternative to high-sugar drinks. With strong distribution channels already in place and an innovative approach to marketing, we anticipate Day One to be a key revenue growth driver for the Company in the future. We are also very excited about the promising synergies between Day One's management team and distribution channels, and 1933's own Canna Hemp™ line of CBD wellness products".
https://finance.yahoo.com/news/1933-industries-signs-binding-letter-120000548.html
This news might not get much traction released on a down market day, but I like it. Especially with the recent news on hemp based concentrates as possible treatments for covid. If true 1933 and other hemp concentrate makers should experience a major increase in sales of CBDa & CBGa products. Now 1933 will have a beverage delivery system, which is much more user friendly than tincture bottles. This could be big for 1933 earnings. Fingers crossed :) glta
Study: Cannabis compounds prevent coronavirus from entering human cells
https://www.clickondetroit.com/news/local/2022/01/12/study-cannabis-compounds-prevent-coronavirus-from-entering-human-cells/
Posts are my opinion only, and not advice of any kind. glta
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