Business
1933 Industries Reports Second Quarter 2025 Financial Results
VANCOUVER, BC / ACCESS Newswire / March 31, 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 second quarter financial results ...
About this update from 1933 Industries, Inc.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 31, 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 second quarter financial results ("Q2 2025") for the three and six months ended January 31, 2025 and 2024 ("Fiscal 2025"). All amounts expressed are in Canadian dollars.","length":423,"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":"Q2 2025 Highlights","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $4.4 million","length":23,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $1.5 million","length":28,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 35%","length":19,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of $0.3 million","length":24,"tagName":"p"}]},{"val":[{"type":"text","content":"2 nd place ranking in the Nevada flower category","length":48,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":142,"olType":false},{"type":"text","content":"FISCAL 2025 AND FISCAL 2024 CONSOLIDATED OPERATING FINANCIAL HIGHLIGHTS","length":71,"tagName":"p"},{"type":"text","content":"Revenue","length":7,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"During Q2 2025, the Company recorded revenues of $4.4 million, an 11% increase over Q1 2025, reflecting an uptick in the Nevada cannabis market and demonstrating the strength of the AMA brand and its position as one of the top 5 selling brands in the state. Total revenues for Fiscal 2025 were $8.4 million and $9.8 million for Fiscal 2024. The decrease is attributed to slower retail sales in Nevada during Q1 2025.","length":416,"tagName":"p"}]}],"tagName":"ul","bullete...