1933 Industries Halts CBD Division Amid Market Challenges
Company Announcements

1933 Industries Halts CBD Division Amid Market Challenges

1933 Industries, Inc. (TSE:TGIF) has released an update.

1933 Industries Inc., a Nevada-based cannabis company, has halted operations of its Canna Hemp™ CBD consumer packaged goods division due to diminishing demand and market challenges. The CBD market struggles include increased competition, store closures, regulatory uncertainties, and the emergence of psychoactive Delta 8 products. The company is reevaluating the potential for growth in the CBD sector amidst these ongoing issues.

For further insights into TSE:TGIF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated Newsdesk1933 Industries Shifts to OTC Pink Open Market
TipRanks Canadian Auto-Generated Newsdesk1933 Industries Achieves Profitability in Q3 2024
TipRanks Canadian Auto-Generated Newsdesk1933 Industries Launches $1.8M Private Placement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App