1933 Industries Strengthens its Balance Sheet with Sale of Non-Essential Real Estate Assets
Mr. Paul Rosen, Chairman and CEO of the Company, said: "As the Company has no anticipated plans or need to build on these lots, monetizing this unutilized land provides the Company with additional non-dilutive capital to further execute on its strategic initiatives. The Company remains laser focused on the long-term growth of the Company, prioritizing revenue growth, increasing profitability, scaling cultivation capacity, improving our product mix and enhancing marketing and product development. The additional funds provide 1933 Industries with additional resources to achieve these goals."
Good time to sell with Vegas real estate at record highs. Paul made the company a nice profit. This should help get Day One products launched on a bigger scale in California. Looking forward to progress reports on distribution levels increasing. Like :) glta
Sellers, agents ready to cash in on red hot housing market in Las Vegas
What's happening to cannabis companies right now???
Seems irrational to me. Last we heard from Paul he was optimistic that 2022 would be profitable. They came close in Q2, and since then Vegas tourism has taken off with conventions and concerts back online.
I'm seeing more AMA products than ever at the Planet 13 and NUWU superstores in Las Vegas, plus chain dispensaries around Nevada. Paul said since automation it's costing them less to produce more in his January interview below. Also, the company made a early mover entry into infused pre-rolls which is the fastest growing category in the US and Canada.
To me Paul is making good choices for shareholders. Looking forward to seeing Q3 numbers in two weeks. Expecting a sizable jump considering the uptick in tourism during the quarter. Profits Maybe :) Fingers crossed!!! glta
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