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.
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Rhea-AI Summary
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.
Positive
- 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
Negative
- Cash expenditure of $47,500 CAD impacts available working capital
Details
News Market Reaction – TGIFF
On Sep 9, the day this news came out, TGIFF closed 9.30% below the previous close.
Data tracked by StockTitan Argus for the Sep 9 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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