1933 Industries (TGIFF) provides the following update regarding its unsecured convertible debentures issued in 2024. As of December 22, the conversion deadline set out in the debenture agreement, an aggregate of $1,035,000 of debentures were converted into units of the Company. Following these conversions, $1,563,000 of debentures remain outstanding. The Company acknowledges and thanks the debenture holders who completed conversions in accordance with the terms of the 2024 Debentures. The completed conversions reduced the Company’s outstanding debt obligations and strengthened the Company’s balance sheet. As previously disclosed, the Company’s available cash resources are required to support ongoing operations and business continuity. The Company does not have sufficient liquidity to repay the outstanding principal amount of the 2024 Debentures in cash without materially impairing its ability to continue operating.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGIFF:
- 1933 Industries Extends Profit Streak as Cost Cuts and Debt Buyback Bolster Q1 2026 Results
- Midday Fly By: Ellison backstops Paramount bid for Warner Bros.
- 1933 Industries reminds debenture holders of conversion deadline
- 1933 Industries reports Q1 revenue C$3.97M vs. C$3.99M last year
- 1933 Industries Urges Debenture Conversion as U.S. Cannabis Reforms Gather Pace