Ms. Alexia Helgason reports

1933 INDUSTRIES ANNOUNCES PURCHASE OF 9% INTEREST OF CULTIVATION AND PRODUCTION SUBSIDIARY

1933 Industries Inc.'s wholly owned subsidiary, FN Pharmaceuticals, has entered into a membership interest purchase agreement to acquire from the company's executive vice-president and general counsel, Caleb Zobrist, his 9 per cent of the issued and outstanding membership interests of Alternative Medicine Association LC (AMA). Upon successful completion of this transaction, FN Pharmaceuticals would own 100 per cent of the membership interest in AMA, the company's cultivation and production subsidiary.

Under the terms of the agreement, the purchase price for the membership is $50,000 (U.S.), payable through the issuance of common shares of 1933 Industries. The estimated number of shares to be issued is 3,375,000 and the final number of shares will be determined by the 10-day VWAP (volume-weighted average price) of the shares prior to the closing date. The shares will be issued to the seller thrrough the direct registration system and will be subject to normal legends required by the U.S. Securities and Exchange Commission and will be subject to a four-month-and-one-day hold period required by applicable securities laws in Canada but will not be subject to escrow. The closing of this agreement is conditional upon regulatory approvals, including the approval of the Canadian Securities Exchange and the Nevada Cannabis Compliance Board, as applicable. There is no guarantee that this transaction will close.

As Mr. Zobrist is a senior officer of the company, he is a related party to the company within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. As such, the transaction constitutes a related party transaction within the meaning of MI 61-101.

The company expects to rely on exemptions from formal valuation and the minority shareholder approval requirements of MI 61-101 found in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction does not constitute more than the 25 per cent of the company's market capitalization.

About 1933 Industries Inc.

1933 Industries is a Nevada-based company, focusing on the cultivation and manufacturing of a large portfolio of cannabis consumer packaged goods in a variety of formats for both the wholesale and retail markets. Its product offerings through its in-house brands include wholesale flower, prerolls and extracted products under the AMA and Level X brands for the Nevada market; and Canna Hemp, a national cannabidiol (CBD) brand of wellness products that includes tinctures, gummies, topicals and sports recovery products. The company owns 91 per cent of Alternative Medicine Association (AMA) and 100 per cent of Infused MFG LLC.

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