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1933 Industries Inc

1933 Industries transforms into multi-state operator after new agreement launches the brand in California

The new partnership transforms the Vancouver-based company into a US multistate operator by establishing a local manufacturing presence for its Alternative Medicine Association-branded products outside of Nevada

1933 Industries - 1933 Industries transforms into multistate operator after new agreement launches the brand in California
California is a key priority market for 1933 Industries

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) has signed a new agreement to provide corporate support to Green Spectrum Trading Inc, a California-based cannabis company.

The new partnership transforms the Vancouver-based company into a US multi-state operator by establishing a local manufacturing presence for its Alternative Medicine Association-branded products outside of Nevada and expands the footprint of the CBD wellness line.

The management services agreement will see 1933 Industries provide operational and accounting services, general management and oversight to the medicinal and recreational cannabis business licensee for a two-year term.

READ: 1933 Industries gets approval to transfer its cultivation licenses, kick off planting at its new Las Vegas facility

By partnering with Green Spectrum, 1933 Industries will be able to work with an established cultivator to build manufacturing and expand its distribution channels for its brands with the goals of becoming a statewide leader, the company said in a statement.

California is a key priority for 1933 Industries, according to Chris Rebentisch, the company’s CEO.

“Manufacturing our THC AMA branded line of concentrates and CBD-infused Canna Hemp portfolio of wellness products in the state enables us to reach markets across the most populous hubs and establishes us as a multi-state operator with a turnkey model that can be exported to other states,” said Rebentisch in a release.

The company will control cultivation, extraction, product manufacturing, branding, sales and distribution to ensure the consistency and quality of its brands, according to Rebentisch.

“This is an exciting opportunity that enables our company to capitalize on California's growing market,” noted Rebentisch. “We are pleased to partner with Green Spectrum and their cultivation expertise to quickly scale up operations."

1933 Industries aims to have a new manufacturing facility in California operational by end of October 2019.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: 1933 Industries Inc

Price: $0.35

Market: CSE
Market Cap: $95.82 m
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Full interview: 1933 Industries expecting big bump to revenue in 4th quarter...

1933 Industries (CSE:TGIF-OTCQX: TGIFF) CEO Chris Rebentisch joined Steve Darling from Proactive Vancouver on Skype to share details about the company’s Q-4 numbers. The Company expects revenue of $5.2M.  Rebentisch talked about what led that revenue growth and how the recent move to...

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