1933 Industries reports Q1 revenue C$3.97M vs. C$3.99M last year

“During the first quarter of fiscal 2026, the Company reported revenues of approximately C$4M, achieved significant cost reductions with expenses lowered to C$0.8M, and delivered a gross profit of nearly C$1M. These improvements resulted in net income of $139,219 and comprehensive income of $167,249 for the period, marking a positive turnaround compared to the prior year”, said Mr. Brian Farrell, CEO and Chairman of the Board. “We continue to execute on our cost-saving initiatives and operational improvements. Our ability to deliver positive net income for three consecutive quarters while maintaining product quality and market presence in Nevada demonstrates the resilience of our business model. We remain focused on positioning the Company for sustainable growth while pursuing long-term value creation. We are also encouraged by the recent developments in the US to reclassify cannabis from a Schedule I to a Schedule III substance under the U.S. Controlled Substances Act. 1933 Industries (TGIFF) remains ready to capitalize on future opportunities in the growing cannabis sector.”