Mr. Paul Rosen reports
1933 INDUSTRIES REACHES MILESTONE SALES FOR THE MONTH OF JANUARY
1933 Industries Inc.'s company-wide total sales and open orders reached $1.4-million in January, 2021. The company reports that its cultivation subsidiary, Alternative Medicine Association (AMA), recorded its strongest monthly sales to date since launching its AMA-branded cannabis flower and prerolls in late August, 2020, representing a 113-per-cent increase year over year.
The latest sales figure is a significant milestone for the company as it continues to scale up production from its state-of-the-art Las Vegas cultivation facility. The company expects to generate increased revenues and improved margins with higher volume, quality and consistency of saleable flower and biomass produced. AMA now boasts a robust genetic bank of 37 in-demand, premium craft flower strains, a best-in-class, scalable cultivation facility with no new capital deployment and improved overall output. In addition, AMA will be launching three new preroll multipacks and one-gram flower jars to its current portfolio of 161 AMA-branded stock-keeping units, as well as certain strains that have tested high for the cannabinoid CBGa (cannabigerolic acid), currently being studied for multiple medical applications.
"At AMA, excellence in cultivation, production, quality and safety are at the core of what we do. Our seed-to-sale craft-style grow permeates the entire operation, from cultivation and harvest to hand trimming and input material for our high-purity, ultrarefined concentrates," said Ryan George, director of cultivation. "We are pleased that our premium flower is being well accepted in the market and that our cultivation and processing facilities serve as key differentiators for our extensive product line, which is sold to licensed medical and adult-use dispensaries in Nevada."
Paul Rosen, chief executive officer of 1933 Industries, said: "As seasoned operators, we are pleased with the progress to date and we believe that the company has never been in a better position to achieve sustainable and profitable top-line revenue growth going forward. Our execution strategy is completely aligned with our shareholders as we continue to build the business, utilizing our competitive advantages in operating large-scale cultivation to solidify a dominant position within our core market. We continue to believe that saleable flower will remain the largest cannabis category, hence our commitment to enhanced cultivation and branding."
In other news, Eugene Ruiz is no longer president of 1933 Industries.
About 1933 Industries Inc.
1933 Industries is a vertically integrated, growth-orientated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the company controls all aspects of the value chain with cultivation, extraction, processing and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners. The Company owns 91 per cent of Alternative Medicine Association LC and 100 per cent of Infused MFG LLC.
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