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1933 Industries ( (TSE:TGIF) ) has provided an update.
1933 Industries has announced that holders converted $1.035 million of its unsecured 2024 convertible debentures into equity units by the December 22, 2025 deadline, leaving $1.563 million in debentures still outstanding. The conversions have reduced the company’s debt load and bolstered its balance sheet, but management warns that available cash remains tightly constrained and is needed to fund day-to-day operations, meaning the company lacks sufficient liquidity to repay the remaining debentures in cash without jeopardizing business continuity, underscoring ongoing financial pressures despite recently reported positive operating results and net income.
The most recent analyst rating on (TSE:TGIF) stock is a Hold with a C$0.01 price target. To see the full list of analyst forecasts on 1933 Industries stock, see the TSE:TGIF Stock Forecast page.
Spark’s Take on TSE:TGIF Stock
According to Spark, TipRanks’ AI Analyst, TSE:TGIF is a Neutral.
The score is held down primarily by high financial risk from negative equity and meaningful debt (despite a recent profitability and cash-flow turnaround), alongside weak price trend versus moving averages. A low P/E provides some support, but corporate events highlight ongoing debenture-related liquidity/dilution risk that limits upside confidence.
To see Spark’s full report on TSE:TGIF stock, click here.
More about 1933 Industries
1933 Industries Inc. is a Nevada-based licensed cannabis producer focused on cultivating and extracting a broad portfolio of cannabis consumer products under its flagship Alternative Medicine Association (AMA) brand. Operating from a 68,000-square-foot indoor facility, the company supplies AMA-branded flower, infused pre-rolls and boutique concentrates directly to retail dispensaries, where its offerings consistently rank among the top-selling products in Nevada.
Average Trading Volume: 495,999
Technical Sentiment Signal: Sell
Current Market Cap: C$4.96M
For an in-depth examination of TGIF stock, go to TipRanks’ Overview page.