1933 Industries Completes Acquisition of Remaining Interest in Subsidiary

An update from 1933 Industries ( (TSE:TGIF) ) is now available.

1933 Industries Inc. has announced the completion of an amended Membership Interest Purchase Agreement to acquire the remaining 9% interest in its cultivation and production subsidiary, Alternative Medicine Association LC (AMA), from Mr. Caleb Zobrist. The transaction, valued at USD$50,000, involves a cash payment and issuance of common stock shares, and positions FN Pharmaceuticals, a wholly owned subsidiary of 1933 Industries, as the sole owner of AMA. This strategic move strengthens the company’s operational control and market positioning in the Nevada cannabis industry.

Spark’s Take on TSE:TGIF Stock

According to Spark, TipRanks’ AI Analyst, TSE:TGIF is a Neutral.

The overall score reflects significant financial performance challenges, with declining revenues and high financial leverage being major concerns. Technical analysis indicators are limited, and valuation metrics also suggest caution. Corporate events, while aiming to improve financial flexibility, have a neutral impact. The company needs to address financial instability and improve profitability to enhance its outlook.

To see Spark’s full report on TSE:TGIF stock, click here.

More about 1933 Industries

1933 Industries is a Nevada-based licensed wholesale producer specializing in the cultivation and extraction of cannabis consumer products. The company operates under flagship brands such as Alternative Medicine Association (AMA) and Level X, offering products like flower, infused pre-rolls, and boutique concentrates. These products are cultivated at a 68,000 sq. ft. indoor facility and marketed directly to retail dispensaries in Nevada.

Average Trading Volume: 523,475

Technical Sentiment Signal: Sell

Current Market Cap: C$2.45M

Find detailed analytics on TGIF stock on TipRanks’ Stock Analysis page.