Mr. Brian Farrell reports

1933 INDUSTRIES ISSUES FINAL REMINDER TO 2024 DEBENTURE HOLDERS: DECEMBER 22 IS THE DEADLINE TO CONVERT

1933 Industries Inc. issues a final reminder to holders of its unsecured convertible debentures issued in 2024 that today, Dec. 22, 2025, is the final day to submit conversion instructions in accordance with the terms of the debenture agreement.

The maturity date of the debentures is Dec. 31, 2025; however, pursuant to the debenture terms, conversion requests must be received on or before Dec. 22, 2025, in order to be processed.

The company also wishes to thank the debentureholders who have already submitted their conversion documentation following the company's Dec. 19, 2025, news release. The board of directors appreciates the prompt action and continued support demonstrated by those holders, which meaningfully contributes to strengthening the company's balance sheet and supporting its continuing operations.

As previously disclosed, the board of directors has determined that the company is unable to satisfy repayment of the 2024 debentures through a monetary payment on the maturity date, as liquidity is required to support business continuity and continuing operations. Accordingly, the board of directors believes that conversion remains the most constructive and value-preserving outcome for the company.

The board continues to believe that conversion of the 2024 debentures into equity is in the best interests of all stakeholders. The debentures are unsecured obligations, and conversion eliminates financial risk, strengthens the company's capital structure, and positions 1933 Industries to continue executing its operating and growth strategy.

"We sincerely appreciate the debentureholders who have already acted to convert and demonstrate their continued confidence in 1933 Industries," said Brian Farrell, chief executive officer and chairman of the board. "Their timely support strengthens our financial foundation and allows management to remain focused on operating the business and pursuing long-term value creation. We encourage remaining holders to submit their conversion instructions today to ensure they participate alongside fellow investors."

Conversion terms (summary):

• Principal convertible at five cents per unit;
• Each unit consists of:
  • One common share;
  • One common share purchase warrant, exercisable at five cents per share until Dec. 31, 2028, subject to certain accelerated expiry provisions;
• All accrued and unpaid interest will be settled through the issuance of common shares in accordance with the debenture terms.

Debentureholders who have not yet submitted conversion instructions are strongly urged to contact their brokers immediately, as conversion requests must be submitted today, Dec. 22, 2025, to be processed.

The board and management thank all debentureholders and shareholders for their continued support as the company works to improve liquidity, enhance operational efficiency, and position itself to capitalize on improving industry and regulatory conditions in the U.S. cannabis sector.

About 1933 Industries Inc.

1933 Industries is a Nevada-based licensed producer, focused on the cultivation and extraction of a large portfolio of cannabis consumer products in a variety of formats under its flagship brand, Alternative Medicine Association (AMA). Its product offerings are cultivated at the company's 68,000-square-foot indoor facility and marketed directly to retail dispensaries. AMA branded flower, infused prerolls and in-house boutique concentrates consistently rank as the top products sold in Nevada.

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