Business
1933 Industries Announces Maturity of Unsecured Convertible Debentures and Encourages Conversion to Support Continued Growth
VANCOUVER, BC / ACCESS Newswire / December 18, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCID:TGIFF), a Nevada-focused cannabis cultivator and producer, announces that its unsecured convertible debentures issued ...
About this update from 1933 Industries, Inc.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / December 18, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCID:TGIFF), a Nevada-focused cannabis cultivator and producer, announces that its unsecured convertible debentures issued in 2024 (the "2024 Debentures"), with an aggregate principal amount of approximately $2,598,000 in principal value, will mature on December 31, 2025.","length":426,"tagName":"p"},{"type":"text","content":"Following a careful review of the Company's financial position, operating performance, and near-term working capital requirements, the Company advises that it does not currently have sufficient cash resources to repay the outstanding principal of the 2024 Debentures in cash upon maturity without materially impairing its ability to continue operating. The Company's available liquidity is required to support ongoing operations, maintain business continuity, and preserve the value created over the past year.","length":518,"tagName":"p"},{"type":"text","content":"Strong Operating Momentum and Improved Financial Performance","length":60,"tagName":"p"},{"type":"text","content":"For the fiscal year ended July 31, 2025, 1933 Industries delivered significant financial improvements, including:","length":113,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $17.4 million","length":24,"tagName":"p"}]},{"val":[{"type":"text","content":"Record gross profit of $5.4 million, representing a 26% gross margin","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income before taxes of $0.03 million and comprehensive income of $0.2 million, compared to a net loss before taxes of $2.25 million and a comprehensive loss of $1.07 million in fiscal 2024","length":192,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":284,"olType":false},{"type":"text","content":"These results reflect more than a 100% improvement in earnings year-over-year and demonstrate the Company's progress toward sustainable profitability. The Company has operated on a profitable basis in recent quarters and continues to be a going concern. Management and the Board believe the business has meaningful long-term value and a strong foundation for continued growth.","length":380,"tagName":"p"},{"type":"text","content":"Encouragement to Convert ...