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1933 Industries subsidiary ventures into cannabis foods with The Pantry Company

Alternative Medicine Association and The Pantry will roll out a line of healthy cannabis-infused foods

1933 Industries Inc. -
The repertoire of Pantry products on offer will include cannabis-infused Peach Pate de Fruit, a fruit puree

1933 Industries Inc. (CSE:TGIF) (OTCMKTS:TGIFF), the cannabis company, has unveiled news of a two-year licensing agreement between its subsidiary Alternative Medicine Association and The Pantry Company that will allow for the production of cannabis edibles. 

Pantry is set to roll out a line of healthy cannabis-infused foods, which are the brainchild of chefs, and will be on sale across California.

READ: 1933 Industries posts steep jump in 4Q and fiscal year 2019 revenue helped by cannabis subsidiaries

The two companies will kick off the building of a commercial kitchen, which will be located in 1933’s extraction facility in Las Vegas, Nevada. Production of the Pantry products is set to begin by the middle of next year.

The repertoire of Pantry products on offer will include cannabis-infused Peach Pate de Fruit, a vegan and gluten-free fruit puree in gummy form that was first concocted in France as well as Frankies 457 Olive Oil Ganache Bonbon, a chocolate ganache mixed with olive oil and encased in a chocolate shell.

“We look forward to launching the Pantry line in the coming months,” said Chris Rebentisch, 1933’s CEO, in a statement. “We are excited to expand our product offering in Nevada with a gourmet line that will set the standard for excellence in edibles.”

The Pantry is privately-held while 1933 is listed in Canada and the US and its portfolio of cannabis brands include CBD-infused Canna Hemp as well as AMA flower and AMA concentrates. 1933 owns 91% of Alternative Medicine Association and 100% of Infused MFG LLC. Its cannabis operations are mainly based in Nevada, Colorado and California.

Quick facts: 1933 Industries Inc.

Price: 0.065 CAD

Market: CSE
Market Cap: $18.56 m

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