1933 Industries Completes Full Acquisition of AMA Subsidiary

The latest announcement is out from 1933 Industries ( (TSE:TGIF) ).

1933 Industries Inc. has completed the acquisition of the remaining 9% interest in its cultivation and production subsidiary, Alternative Medicine Association LC (AMA), through its subsidiary FN Pharmaceuticals. This transaction, valued at USD$50,000, was executed by purchasing shares from Caleb Zobrist, a related party, and results in FN Pharmaceuticals owning 100% of AMA. The acquisition solidifies 1933 Industries’ control over its production capabilities, potentially enhancing its market position in Nevada’s 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 branded flower, infused pre-rolls, and boutique concentrates, which are marketed directly to retail dispensaries in Nevada.

Average Trading Volume: 471,371

Technical Sentiment Signal: Sell

Current Market Cap: C$4.9M

For a thorough assessment of TGIF stock, go to TipRanks’ Stock Analysis page.