1933 Industries (CSE:TGIF), a vertically integrated cannabis consumer packaged goods company, announced that its total sales and orders reached CAD$1.4 million in January 2021.
The company said its cultivation subsidiary, Alternative Medicine Association (AMA), also recorded its strongest monthly sales to date since launching its AMA branded cannabis flower and pre-rolls in late August 2020.
The latest sales figure is a significant milestone for 1933 Industries 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 pre-roll multipacks and one gram flower jars to its current portfolio of 161 AMA branded SKUs, as well as certain strains that have tested high for the cannabinoid CBGa, 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, ultra-refined concentrates,” said Ryan George, Director of Cultivation.
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 AMA and 100 per cent of Infused MFG.
On the other hand, AMA is a licensed medical and adult-use cannabis cultivation and extraction subsidiary that produces its own branded line of unique cannabis products and manufactures third-party brands.
AMA’s extensive menu of cannabis products include: craft cannabis flower, prerolls, full spectrum oils, high-quality distillates, proprietary blends of terpenes, vaporizer products, and boutique concentrates such as shatter, crumble, batter, sugar wax, diamonds, and live resin. – BusinessNewsCanada.com