1933 Industries Closes Repurchase and Cancellation of Convertible Debentures
1933 Industries (OTCID:TGIFF), a Nevada-focused cannabis company, has successfully completed a debt reduction initiative through the repurchase and cancellation of convertible debentures. The company acquired $475,000 in principal value of debentures for a significantly discounted cash payment of $47,500 CAD, representing a 90% discount to the principal amount.
The transaction, previously announced on September 2, 2025, was executed with two arm's length parties and complies with the trust indenture dated December 31, 2023, as well as applicable securities laws and CSE policies. Following the completion, these debentures have been removed from the company's outstanding liabilities.
1933 Industries (OTCID:TGIFF), società cannabis con sede in Nevada, ha completato con successo un'operazione di riduzione del debito attraverso il riacquisto e l'annullamento di obbligazioni convertibili. L'azienda ha acquistato debentures per un valore nominale di $475.000 pagando in contanti $47.500 CAD, pari a uno sconto del 90% sul valore nominale.
L'operazione, annunciata il 2 settembre 2025, è stata eseguita con due controparti indipendenti ed è conforme al trust indenture del 31 dicembre 2023, nonché alle leggi sui valori mobiliari applicabili e alle politiche della CSE. Dopo il completamento, queste debentures sono state rimosse dalle passività in essere della società.
1933 Industries (OTCID:TGIFF), una empresa de cannabis con base en Nevada, ha completado con éxito una iniciativa de reducción de deuda mediante la recompra y cancelación de debentures convertibles. La compañía adquirió debentures por un valor nominal de $475,000 a cambio de un pago en efectivo de $47,500 CAD, lo que representa un descuento del 90% sobre el monto principal.
La transacción, anunciada previamente el 2 de septiembre de 2025, se ejecutó con dos partes independientes y cumple con el trust indenture fechado el 31 de diciembre de 2023, así como con las leyes de valores aplicables y las políticas de la CSE. Tras su finalización, estas debentures se han eliminado de los pasivos pendientes de la compañía.
1933 Industries (OTCID:TGIFF), 네바다 기반의 대마초(캔나비스) 기업이 전환사채의 재매입 및 소각을 통해 부채 축소 프로젝트를 성공적으로 완료했습니다. 회사는 명목가치 $475,000 상당의 채권을 $47,500 CAD의 현금으로 인수했으며, 이는 명목금액 대비 90% 할인에 해당합니다.
이 거래는 2025년 9월 2일에 사전 공지되었으며, 두 명의 독립된 제3자와 체결되었고 2023년 12월 31일자 신탁약정(trust indenture) 및 관련 증권법과 CSE 규정에 따라 이루어졌습니다. 거래 완료 후 해당 채권은 회사의 미결제 부채에서 제거되었습니다.
1933 Industries (OTCID:TGIFF), une entreprise de cannabis basée au Nevada, a mené à bien une opération de réduction de dette en rachetant et annulant des débentures convertibles. La société a acquis des débentures d'une valeur nominale de $475,000 contre un paiement en espèces fortement réduit de $47,500 CAD, soit une décote de 90% par rapport au montant principal.
La transaction, annoncée le 2 septembre 2025, a été réalisée avec deux parties indépendantes et est conforme au trust indenture daté du 31 décembre 2023, ainsi qu'aux lois sur les valeurs mobilières applicables et aux politiques de la CSE. Après finalisation, ces débentures ont été retirées des passifs en circulation de la société.
1933 Industries (OTCID:TGIFF), ein in Nevada ansässiges Cannabis-Unternehmen, hat eine Schuldenreduktionsmaßnahme erfolgreich abgeschlossen, indem wandelbare Schuldverschreibungen zurückgekauft und annulliert wurden. Das Unternehmen erwarb Schuldverschreibungen mit einem Nennwert von $475.000 gegen eine deutlich vergünstigte Barzahlung von $47.500 CAD, was einem Rabatt von 90% auf den Nennbetrag entspricht.
Die Transaktion, zuvor am 2. September 2025 angekündigt, wurde mit zwei fremden Dritten durchgeführt und entspricht dem Trust Indenture vom 31. Dezember 2023 sowie den anwendbaren Wertpapiergesetzen und den CSE-Richtlinien. Nach Abschluss wurden diese Schuldverschreibungen aus den ausstehenden Verbindlichkeiten des Unternehmens gestrichen.
- Significant debt reduction of $475,000 in principal value
- Favorable repurchase terms at 90% discount to principal value ($47,500 CAD vs $475,000)
- Strengthened balance sheet through reduction of outstanding liabilities
- Cash expenditure of $47,500 CAD impacts available working capital
VANCOUVER, BC / ACCESS Newswire / September 9, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCID:TGIFF), a Nevada-focused cannabis cultivator and producer, is pleased to announce that it has closed the previously announced (see news release dated September 2, 2025) Debenture Repurchase Agreement (the "Agreements") with two arm's length parties (together the "Vendors"), for the repurchase and cancellation of a portion of Company's outstanding unsecured convertible debentures.
Pursuant to the Agreements, the Company repurchased
The Agreement was conducted in accordance with the provisions of the trust indenture dated December 31, 2023, applicable securities laws, and the policies of the Canadian Securities Exchange (the "CSE").
About 1933 Industries Inc.
1933 Industries is a Nevada-based licensed producer, focused on the cultivation and extraction of a large portfolio of cannabis consumer products in a variety of formats under its flagship brands, Alternative Medicine Association (AMA) and Level X. Its product offerings are cultivated at the Company's 68,000 sq. ft. indoor facility and marketed directly to retail dispensaries. AMA branded flower, infused pre-rolls, and in-house boutique concentrates consistently rank as the top products sold in Nevada. For more information, please visit www.1933industries.com
For further information please contact:
Alexia Helgason, VP, Investor Relations
604-728-4407
alexia@1933industries.com
Brian Farrell, Chairman and CEO
brian@1933industries.com
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.
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 www.sedar.com. 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.
SOURCE: 1933 Industries Inc.
View the original press release on ACCESS Newswire
FAQ
What is the value of debentures repurchased by 1933 Industries (TGIFF) in September 2025?
How much discount did 1933 Industries (TGIFF) receive on the debenture repurchase?
When was the trust indenture date for TGIFF's convertible debentures?
How will the debenture repurchase affect 1933 Industries' balance sheet?
