InvestorsHub Logo
Followers 7
Posts 1303
Boards Moderated 0
Alias Born 03/08/2019

Re: None

Monday, 09/12/2022 11:13:34 AM

Monday, September 12, 2022 11:13:34 AM

Post# of 2035
**NEWS** 1933 Industries Arranges $1 Million Line of Credit

VANCOUVER, BC / ACCESSWIRE / September 9, 2022 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF) (OTCQB:TGIFF), a Nevada-focused cannabis consumer packaged goods company, is pleased to announce that it has obtained a line of credit of up to US$1,000,000 (the "Loan"), provided by Mr. Paul Rosen, Chairman and CEO of the Company.

This tells me Paul is still a big believer in 1933's future. It also tells me he expects to get repaid in a year or less. I'm guessing he crunched the numbers and believes that's a reachable target. Not having access to real time sales numbers it's hard to know how much free cash flow there is right now. I'm thinking cash flow could be way up as evidenced by all the AMA products currently residing in the NEVADA TOP 10 in multiple categories. To me it's a great sign when CEO's invest directly in their own companies. Like :) glta

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