1933 Industries Provides Corporate Update
1933 Industries Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / October 27, 2023 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQB:TGIFF), a Nevada-focused cannabis cultivator and producer, is pleased to provide a corporate update regarding the retrofit of its cultivation facility, upcoming tax relief events and the proposed amendments to its 10% Senior Unsecured Convertible Debentures Due December 31, 2023.
溫哥華,卑詩省/ACCESSWIRE/2023年10月27日/1933工業公司(“公司”或“1933工業公司”)(CSE:TGIF)(場外交易市場代碼:TGIFF)是一家專注於內華達州的大麻種植和生產商,該公司高興地提供有關其種植設施的改造、即將舉行的稅收減免活動以及對2023年12月31日到期的10%高級無擔保可轉換債券的擬議修正案的最新情況。
Construction and Retrofit Update
建築和翻新更新
The Company is pleased to announce that the upgrades and improvements undertaken over the last several months to its cultivation facility in Las Vegas have been completed. A large scale retrofit of the irrigation system was undertaken for the long-term success of the facility and the capital investment has already demonstrated significant improvements in flower production and yields. The Company also added an additional bloom room with 65 lights, thus increasing the total number of lights in the facility's 17 bloom rooms to 806. The Company anticipates that these enhancements will increase the Company's ability to offer consistent flower quality and value.
該公司高興地宣佈,過去幾個月對其位於拉斯維加斯的種植設施進行的升級和改進工作已經完成。為了該設施的長期成功,對灌溉系統進行了大規模改造,資本投資已經顯示出在花卉生產和產量方面的重大改進。該公司還增加了一個65盞燈的初花室,從而使設施的17個初花室的燈總數增加到806個。公司預計,這些改進將提高公司提供始終如一的花卉質量和價值的能力。
The Company anticipates that its fourth quarter financial report will demonstrate revenue growth as a result of these improvements, with both the cultivation and production business units contributing to this strong performance. The Company's AMA brand continues to rank as one of the top selling brands in Nevada according to both BDSA and Headset cannabis market sales data. The Company will announce its fourth quarter financial report, as well as its year-end financial results on November 28, 2023.
該公司預計,由於這些改進,其第四季度財務報告將顯示收入增長,種植和生產業務部門都為這一強勁表現做出了貢獻。根據BDSA和耳機大麻市場銷售數據,該公司的AMA品牌繼續成為內華達州最暢銷的品牌之一。該公司將於2023年11月28日公佈第四季度財務報告和年終財務業績。
Proposed Amendments to Debentures and Meeting Date
對債務和會議日期的擬議修正案
The Company will be holding an Extraordinary Meeting of the Holders of 10% Senior Unsecured Convertible Debentures due December 31, 2023, to seek approval for the following proposed amendments:
該公司將召開2023年12月31日到期的10%高級無擔保可轉換債券持有人特別會議,尋求批准以下擬議的修訂:
To consider, and if thought fit, an extraordinary resolution, to:
考慮並在認為合適的情況下,提出一項非常決議,以:
(i) approve the settlement of the Debentures upon maturity and the principal debt owed thereunder, excluding any interest in arrears, through the issuance of a unit (each a "Unit") to the Debentureholders, each Unit being issued at a deemed price of $0.02 per Unit, comprising one common shares and one share purchase warrant exercisable into one additional common share of the Company at a price of $0.05 (the lowest price allowable under Canadian Securities Exchange rules) for a period of five years from the date of issuance, subject to certain acceleration provisions, with 50,000 Units being issued for each $1,000 in principal value Debentures held; or
(I)批准在債券到期時清償債權證及其所欠的主要債務(不包括任何拖欠利息),方法是向債權證持有人發行一個單位(每個單位為“單位”),每個單位以每單位0.02元的當作價格發行,其中包括一股普通股和一股認購權證,可在發行日期起計五年內以0.05元(加拿大證券交易所規則所容許的最低價格)的價格行使為一股額外的公司普通股,但須受若干加速條款規限,每持有1,000元基本價值債權證將發行50,000個單位;或
(ii) approve the settlement of the Debentures upon maturity and the principal debt owed thereunder, excluding any interest in arrears, through the issuance of a new 10% unsecured convertible debenture (the "New Debenture") with a two year maturity, convertible into units at a price of $0.05 per unit, each unit comprising one common share of the Company and one share purchase warrant exercisable into one additional common share of the Company at a price of $0.05 for a period of five years from the date of issuance of the New Debenture, subject to certain acceleration provisions as more particularly defined in the indenture governing warrants issuable upon conversion of the New Debenture.
(Ii)批准於到期時清償債券及其所欠的主要債務(不包括任何拖欠利息),方法是發行一份新的10%無抵押可轉換債券(“新債券”),期限為兩年,可按每單位0.05美元的價格轉換為單位,每個單位包括一股本公司普通股和一份可行使為額外一股本公司普通股的認購權證,價格為0.05美元,為期五年,自新債券發行日期起計,但須受管限於新債券轉換後可發行的認股權證的契約中更明確界定的若干加速條款所規限。
Options (i) and (ii) above collectively referred to herein as the "Debenture Settlement Options" and (ii) authorize the Board of Directors of the Company, in its sole discretion, to determine which of (i) or (ii) will be in the best interest of the Company and proceed with either (i) or (ii) above.
上文第(I)及(Ii)項期權統稱為“債券交收期權”,及(Ii)授權本公司董事會全權酌情決定第(I)或(Ii)項中的哪一項最符合本公司利益,並進行上文第(I)或(Ii)項。
The details of the Extraordinary Meeting are as follows:
本次特別會議的具體內容如下:
Place: Virtual Meeting Only
地點:僅限虛擬會議
Time: 9:00 a.m. PST
時間:上午9點太平洋標準時間
Date: November 14, 2023
日期:2023年11月14日
Notice of the Extraordinary Meeting and Information Circular were mailed to Debentureholders as of the record date.
特別會議的通知和資訊通告已於記錄日期郵寄給債券持有人。
THE BOARD UNANIMOUSLY RECOMMENDS THAT THE DEBENTUREHOLDERS VOTE IN FAVOUR OF THE DEBENTURE SETTLEMENT OPTIONS.
董事會一致建議債券持有人投票支持債券結算選項。
Impact of Rescheduling Cannabis as Schedule III and Amendment of State Tax
將大麻改期為附表III的影響和國家稅收修正案
The Department of Health and Human Services (HHS) recently recommended to the Drug Enforcement Administration (DEA) that marijuana be rescheduled from a Schedule I to Schedule III substance, as defined by the Controlled Substances Act. If implemented, the rescheduling would have a significant impact on cannabis companies as it would eliminate 280E taxation. This tax prohibits cannabis operators from deducting business expenses from gross income, leading to higher taxes than ordinary businesses are required to pay. The recommendation is encouraging to companies operating in the sector and the Company will continue to follow any developments closely, with the expectation that tax relief will have a positive benefit on the industry.
衛生與公眾服務部(HHS)最近向藥品監督管理局(DEA)建議,根據《受控物質法》的定義,將大麻從附表I重新安排到附表III物質。如果實施,重新安排將對大麻公司產生重大影響,因為它將取消280E稅。這項稅收禁止大麻經營者從總收入中扣除業務支出,導致稅收高於普通企業需要支付的稅款。這項建議對在該行業經營的公司是令人鼓舞的,該公司將繼續密切關注任何發展,預計稅收減免將對該行業產生積極的好處。
As of January 1st, 2024, the Company will gain relief as a change to the Nevada Wholesale Marijuana Tax (WMT) comes into effect, amending how companies are taxed under the fair market value calculation. The WMT will apply to non-vertically integrated sales. Under existing law, the Department of Taxation determines the fair market value of wholesale cannabis and establishes a per pound rate, irrespective of the actual price of the product sold to dispensaries. The change means that a 15% tax will be calculated based on the actual sales price, resulting in significant cost savings for cultivators.
自2024年1月1日起,隨著內華達州大麻批發稅(WMT)的變化生效,該公司將獲得減免,修改了根據公平市值計算對公司徵稅的方式。WMT將適用於非垂直整合銷售。根據現行法律,稅務局確定批發大麻的公平市場價值,並確定每磅的稅率,而不考慮出售給藥房的產品的實際價格。這一變化意味著15%的稅將根據實際銷售價格計算,從而為栽培者節省了大量成本。
"We are pleased that the Nevada Department of Taxation has taken meaningful steps towards relieving some of the tax burden that operators like 1933 Industries face. We are also encouraged by the ongoing discussion of rescheduling cannabis to Schedule III", said Mr. Paul Rosen, 1933 Industries' CEO and Chairman of the Board. "Tax relief for the cannabis industry is a necessary step towards leveling the playing field and discouraging the illicit market from continuing to operate." Mr. Rosen added, "We continue to focus on efficient practices to operate a lean and sustainable company and streamline our business units to significantly improve operational efficiencies and reduce corporate overhead."
1933工業公司首席執行官兼董事會主席保羅·羅森先生說:“我們很高興內華達州稅務局已經採取了有意義的步驟,以減輕像1933工業公司這樣的經營者所面臨的部分稅收負擔。我們還對正在進行的將大麻重新安排到附表III的討論感到鼓舞。”他說:“為大麻行業提供稅務寬減,是邁向公平競爭環境和遏止非法市場繼續經營的必要步驟。”羅森補充說,“我們將繼續關注高效的實踐,以運營一家精簡和可持續的公司,並精簡我們的業務部門,以顯著提高運營效率,減少公司管理費用。”
The Company also announces the issuance of 1,000,000 stock options pursuant to the Company's stock option plan. The options are exercisable for a period of five years at a price of $0.05 per share.
公司還宣佈根據公司的股票期權計劃發行100萬份股票期權。這些期權的行使期限為五年,每股價格為0.05美元。
About 1933 Industries Inc.
關於1933工業公司
1933 Industries is a Nevada-based company, focusing on the cultivation and manufacturing of a large portfolio of cannabis consumer-packaged goods in a variety of formats for both the wholesale and retail markets. Its product offerings through its in-house brands include: wholesale flower, pre-rolls, and extracted products under the AMA and Level X brands for the Nevada market; and Canna Hemp, a national cannabidiol (CBD) brand of wellness products that includes tinctures, gummies, topicals and sports recovery products. The Company owns 91% of Alternative Medicine Association, LC (AMA) and 100% of Infused MFG LLC (Infused). For more information, please visit
1933工業公司是一家總部位於內華達州的公司,專注於為批發和零售市場種植和製造各種形式的大麻消費包裝商品的大量組合。該公司通過其內部品牌提供的產品包括:面向內華達州市場的AMA和Level X品牌的批發鮮花、預捲和提取產品;以及美人麻(Canna Hemp),一個國家大麻二醇(CBD)品牌的保健產品,包括藥酒、口香糖、局部藥物和運動恢復產品。該公司擁有替代醫學協會LC(AMA)91%的股份和INFINED MFG LLC(INFUSED)100%的股份。欲瞭解更多資訊,請訪問
For further information please contact:
Alexia Helgason, VP, IR, Marketing, Media
604-728-4407
alexia@1933industries.com
欲瞭解更多資訊,請聯繫:
阿列克西亞·赫爾加森,媒體市場營銷副總裁
604-728-4407
郵箱:alexia@1933Industrial es.com
Paul Rosen, CEO
paul@1933industries.com
保羅·羅森,首席執行官
郵箱:Paul@1933Industrial es.com
Disclaimer for Forward-Looking Information
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
對前瞻性資訊的免責聲明
加拿大證券交易所及其監管服務提供商(該術語在加拿大證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on . 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
有關前瞻性陳述的通知:本新聞稿包含前瞻性陳述。使用“預期”、“繼續”、“估計”、“預期”、“可能”、“將”、“專案”、“應該”、“相信”和類似詞語中的任何一個都是為了識別前瞻性陳述。儘管公司認為前瞻性陳述所基於的預期和假設是合理的,但不應過度依賴前瞻性陳述,因為公司不能保證它們將被證明是正確的。由於前瞻性陳述涉及未來的事件和情況,它們本身就具有內在的風險和不確定性。這些陳述僅代表本新聞稿發佈之日的情況。由於許多因素和風險,包括公司披露檔案中討論的各種風險因素,實際結果可能與目前預期的大不相同,這些因素和風險可以在公司簡介中找到。除非法律要求,否則工業公司不承擔公開更新或修改任何前瞻性資訊的義務,無論是由於新資訊、未來事件還是其他原因。
SOURCE: 1933 Industries Inc.
資料來源:1933年工業公司