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Wednesday, 04/06/2022 4:12:55 PM

Wednesday, April 06, 2022 4:12:55 PM

Post# of 2035
1933 Industries Reports Second Quarter 2022 Financial Results

During the reporting period, the Company progressed towards achieving higher revenues, decreasing net loss, and improving gross margin. The Company’s cultivation subsidiary recorded a 33% increase in revenues from the sale of cannabis flower, pre-rolls and extraction products due to the optimization of both its cultivation and processing facilities. The Company upgraded and refined its processing methods and practices and completed full automation of its plant feeding systems to improve plant growth and health, resulting in improved yields and a 31% increase in inventory. The Company has successfully gained additional self-space in dispensaries and continues to service its major wholesale accounts throughout Nevada.

Paul has done a great job cutting costs, and cleaning up the balance sheet. Increasing sales in a down Vegas market is a good sign to me. Also, Paul's investment in automation, and expertise, is paying off with increasing cannabis sales and inventories. Glad to see the bread and butter cannabis side of the company is close to profitability, while the high flying beverage side is ramping up. 1933 should be fun to watch moving forward :) imho glta

Posts are my opinion only, and not advice of any kind. glta