1933 Industries Announces Fourth Quarter and 2024 Year-End Financial Results with Record Revenues of $19.3 Million

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[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / February 25, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTC PINK:TGIFF), a Nevada-focused cannabis cultivator and producer, is pleased to announce its fourth quarter ("Q4 2024") and audited annual financial results for the years ended July 31, 2024 and 2023 ("Fiscal 2024"). All amounts expressed are in Canadian dollars.","length":428,"tagName":"p"},{"type":"text","content":"The Company owns 91% of Alternative Medicine Association (AMA), the Company's cultivation and production subsidiary centred on the medical and adult-use cannabis market. Focusing on quality and value offerings, the Company wholesales cannabis flower, pre-rolls and boutique concentrate products under its proprietary AMA brand to retail accounts in the state of Nevada. AMA branded products consistently rank as top sellers based on volume in the state and the Company is a key supplier in the Las Vegas market.","length":515,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Delivered record revenues of $19.3 million for 2024, a 15% increase year-over-year","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"Recorded gross profit of $2.9 million compared to a gross loss of $1.4 million in 2023","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Increased gross margin by 14%","length":29,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced net loss to $0.6 million from a net loss of $14.6 million in the prior year","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Recognized as a top selling cannabis brand in Nevada1","length":53,"tagName":"p"}]},{"val":[{"type":"text","content":"Recipient of the 2024 LeafLink List Awards for Top Selling Brand in Nevada","length":74,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":407,"olType":false},{"type":"text","content":"1https://www.headset.io/brands/alternative-medicine-association-ama","length":67,"tagName":"p"},{"type":"text","content":"Fiscal 2024 and Fiscal 2023 Consolidated Operating Financials","length":61,"tagName":"p","attribs":{}},{"type":"text","content":"Revenue Increase","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"During Fis...

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