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1933 Industries steps up its CBD consumer product distribution in US

The company said owning its distribution is 'key’ to its growth strategy ensuring that its branding and messaging is ‘properly delivered’

Canna Hemp X
Infused MFG’s well-known brands Canna Hemp, Canna Hemp X and Canna Hemp Paws are now available in over 250 retail stores in California, Nevada, Arizona, Colorado

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) announced Wednesday that its subsidiary Infused MFG is continuing to expand by distributing its hemp-based CBD infused health and wellness products across 46 states.

The company which is based in Las Vegas, Nevada has established its own distribution to over 600 stores, the company said.

Infused MFG’s well-known brands like Canna Hemp, Canna Hemp X, and Canna Hemp Paws are now available in over 250 retail stores in California, Nevada, Arizona, Colorado, and other US states.

READ: 1933 Industries nears completion of its large new cannabis cultivation facility in Las Vegas

Infused has a strong e-commerce presence, sales agents, call center and a sales and marketing team which works directly with retailers, building relationships, providing customer service and education.

"Owning our distribution is key to our growth strategy and to our success, ensuring that our branding and messaging is properly delivered," said Infused MFG USA COO Chris Rebentisch. "Our operational expertise and excellence have set the benchmark for product manufacturing, distribution and compliance in Nevada."

Infused’s production is fully integrated in-house, with proprietary chemical-free formulas, containing non-GMO, organic ingredients and real cannabis-derived terpenes. The company’s CBD formulated products are tripled tested — internally, independently by a certified lab and then re-tested — to meet the company’s stringent quality standards.

With the new farm bill which legalizes the production of hemp, a form of cannabis with lower THC levels than marijuana, there’s renewed interest in the hemp-CBD industry which is forecast to grow to $22 billion by 2022, according to the Brightfield Group.

1933 Industries is a vertically integrated cannabis company with operations in the US and Canada. It operates through three subsidiaries which own licensed medical and adult-use cannabis cultivation and production assets, proprietary hemp-based, CBD infused products, CBD extraction services and a specialized cannabis advisory firm.

The company owns 91% of both Alternative Medicine Association and Infused MFG and 100% of Spire Global Strategy.

Shares added 6.6% in Toronto at $0.485. In New York, they gained 8.5% to US$0.37.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter@UttaraProactive 

Quick facts: 1933 Industries Inc.

Price: 0.065 CAD

CSE:TGIF
Market: CSE
Market Cap: $18.56 m
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on 8/9/20

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