Reported Earnings • Apr 04
Second quarter 2026 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2025) Second quarter 2026 results: CA$0.001 loss per share (in line with 2Q 2025). Revenue: CA$3.94m (down 11% from 2Q 2025). Net loss: CA$365.5k (loss widened 11% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Dec 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (85% average weekly change). Negative equity (-CA$4.4m). Market cap is less than US$10m (CA$7.44m market cap, or US$5.41m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 30
Full year 2025 earnings released: EPS: CA$0 (vs CA$0.002 loss in FY 2024) Full year 2025 results: EPS: CA$0 (improved from CA$0.002 loss in FY 2024). Revenue: CA$17.4m (down 9.8% from FY 2024). Net loss: CA$233.1k (loss narrowed 71% from FY 2024). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 17
Third quarter 2025 earnings released: EPS: CA$0.001 (vs CA$0 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.001 (up from CA$0 in 3Q 2024). Revenue: CA$4.73m (down 2.8% from 3Q 2024). Net income: CA$360.9k (up CA$344.2k from 3Q 2024). Profit margin: 7.6% (up from 0.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • May 20
1933 Industries Inc., Annual General Meeting, Jul 25, 2025 1933 Industries Inc., Annual General Meeting, Jul 25, 2025. Reported Earnings • Apr 02
Second quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 2Q 2024) Second quarter 2025 results: CA$0.001 loss per share (improved from CA$0.002 loss in 2Q 2024). Revenue: CA$4.41m (down 7.0% from 2Q 2024). Net loss: CA$328.0k (loss narrowed 56% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Board Change • Mar 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Curtis Floyd was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (89% average weekly change). Negative equity (-CA$4.4m). Market cap is less than US$10m (CA$4.90m market cap, or US$3.39m). Minor Risk Latest financial reports are more than 6 months old (reported April 2024 fiscal period end). Announcement • Jan 11
1933 Industries Inc. Announces Chief Executive Officer Changes 1933 Industries Inc. announced that the contract agreement with Mr. Paul Rosen, Chief Executive Officer, has ended in accordance with the terms specified within such agreement and that Mr. Rosen will resign as CEO, effective February 1, 2025. Mr. Rosen will remain a member of the Board of Directors. Mr. Brian Farrell, who currently serves as the Company's CFO, and who has served on the Board of Directors since 2018, will assume the role of Interim CEO. Board Change • Sep 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Curtis Floyd was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 05
1933 Industries Inc. Announces Resignation of Mr. Rick Skeith from the Board of Directors 1933 Industries Inc. announced that Mr. Rick Skeith has tendered his resignation from the Board of Directors effective immediately. The Company wishes to thank Mr. Skeith for his valuable contributions over his tenure as director of the Company since 2015 and wishes him success in his future endeavours. Reported Earnings • Jul 04
Third quarter 2024 earnings released: EPS: CA$0 (vs CA$0.007 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0 (improved from CA$0.007 loss in 3Q 2023). Revenue: CA$4.87m (up 20% from 3Q 2023). Net income: CA$16.7k (up CA$3.14m from 3Q 2023). Profit margin: 0.3% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Jun 08
1933 Industries Inc. announced that it expects to receive CAD 1.8 million in funding 1933 Industries Inc. announced a non-brokered private placement of a maximum of 120,000,000 units at a price of CAD 0.015 per unit for the gross proceeds of CAD 1,800,000 on June 7, 2024. Each unit shall consist of one common share in the capital of the company and one share purchase warrant, with each Warrant entitling the holder thereof to purchase a share at an exercise price of CAD 0.05 for a period of five years from the date of issuance. The private placement is anticipated to close on or about July 22, 2024, or such later date as the company may determine. The closing is subject to certain conditions including the receipt of all necessary regulatory and other approvals, including the company’s completion of its filing obligations under the policies of the CSE. Announcement • Mar 15
1933 Industries Inc., Annual General Meeting, May 23, 2024 1933 Industries Inc., Annual General Meeting, May 23, 2024. New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Share price has been highly volatile over the past 3 months (42% average weekly change). Negative equity (-CA$5.5m). Market cap is less than US$10m (CA$9.31m market cap, or US$6.97m). Minor Risk Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Nov 30
Full year 2023 earnings released: CA$0.029 loss per share (vs CA$0.04 loss in FY 2022) Full year 2023 results: CA$0.029 loss per share (improved from CA$0.04 loss in FY 2022). Revenue: CA$18.3m (up 46% from FY 2022). Net loss: CA$13.4m (loss narrowed 25% from FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lisa Capparelli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 22
1933 Industries Inc. Appoints Curtis Floyd to Its Board of Directors 1933 Industries Inc. announced the appointment of Mr. Curtis Floyd to its Board of Directors. Mr. Floyd is a seasoned businessman and attorney, with public company board expertise in the cannabis industry. The Company also announces the departure of Mr. Ranson Shepherd as Director and wishes to thank him for his valuable contributions. Mr. Floyd served on the Board of Directors of California-based cannabis producer Next Green Wave, which was acquired in March 2022, by Planet 13, a multi-state cannabis company headquartered in Las Vegas, Nevada. In addition, Mr. Floyd has extensive experience in business, entrepreneurship, governance, banking, risk management and leadership, having founded or invested in privately held businesses in the solar, digital marketing, funeral, educational and food services, farming, and construction industries. As a practicing attorney, Mr. Floyd has counseled numerous business owners on business formation, structuring, expansion, financing, compliance, and litigation. He earned an economics degree from UCLA and a law degree from Stanford University. Mr. Floyd is a founding member of the Board of Directors of Mission Bank, a publicly traded community bank. In his capacity, Mr. Floyd served as the Chair of the Audit committee and currently serves as Chair of the Corporate Governance Committee and as a member of the Mergers and Acquisitions Committee. Since its formation in 1999, Mission Bank has grown from a single branch location with approximately $5 million in assets to a regional bank with over $1.5 billion in assets. From 2019 to 2022, Mr. Floyd served as Chairman of the Board of Directors of the Community Action Partnership of Kern, a community service organization with an annual budget in excess of $45 million and over 900 employees. Reported Earnings • Apr 08
Second quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 2Q 2022) Second quarter 2023 results: CA$0.001 loss per share (improved from CA$0.002 loss in 2Q 2022). Revenue: CA$3.63m (up 13% from 2Q 2022). Net loss: CA$402.3k (loss narrowed 52% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 29
First quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.002 loss in 1Q 2022) First quarter 2023 results: CA$0.002 loss per share (in line with 1Q 2022). Revenue: CA$5.64m (up 129% from 1Q 2022). Net loss: CA$1.06m (loss widened 12% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Full year 2022 earnings released: CA$0.04 loss per share (vs CA$0.017 loss in FY 2021) Full year 2022 results: CA$0.04 loss per share (further deteriorated from CA$0.017 loss in FY 2021). Revenue: CA$12.5m (up 4.7% from FY 2021). Net loss: CA$17.8m (loss widened 175% from FY 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 01
Third quarter 2022 earnings released: CA$0.027 loss per share (vs CA$0.001 profit in 3Q 2021) Third quarter 2022 results: CA$0.027 loss per share (down from CA$0.001 profit in 3Q 2021). Revenue: CA$4.26m (up 26% from 3Q 2021). Net loss: CA$12.4m (down CA$12.8m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lisa Capparelli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: CA$0.002 loss per share (up from CA$0.004 loss in 2Q 2021). Revenue: CA$3.21m (down 5.8% from 2Q 2021). Net loss: CA$833.9k (loss narrowed 41% from 2Q 2021). Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Apr 02
1933 Industries Inc., Annual General Meeting, Jun 09, 2022 1933 Industries Inc., Annual General Meeting, Jun 09, 2022. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lisa Capparelli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 16
1933 Industries Inc. Announces Changes to Its Board of Directors 1933 Industries Inc. is announcing the resignation of Mr. Mark Baynes from its Board of Directors. The Company announce the appointment of Mr. Ranson K. Shepherd to its Board of Directors. For the past decade, leaders in the professional cannabis and hemp industries have relied on Mr. Shepherd's multiple award-winning business strategies. He applies cannabis business modeling and progressive tactics to further advance the industrialization of the industry. As a highly experienced leader, Mr. Shepherd brings enterprise level proficiency in developing and executing strategies for operating and scaling businesses, by providing process and data driven management, planning, and business development solutions. Announcement • Jan 19
1933 Industries Inc. (CNSX:TGIF) entered into a binding letter of intent to acquire Day One Beverages, Inc. 1933 Industries Inc. (CNSX:TGIF) entered into a binding letter of intent to acquire Day One Beverages, Inc. on January 18, 2022. Pursuant to the transaction, 1933 Industries will acquire Day One in an all-stock transaction via the issuance of an aggregate of 55,000,000 shares of common stock of 1933 Industries. 45,200,000 shares will be issued at closing and the balance of 9,800,000 shares will be issued subsequent to closing in quarterly installments. In addition, the vendors will be eligible to receive up to a further 27,500,000 share purchase warrants of the Company, exercisable at a price of $0.0545 (USD) per share based on the achievement of certain gross revenue milestones over a period of 30 months following the closing of the transaction. The transaction is subject to regulatory approval and is expected to close on or around January 31, 2022. Reported Earnings • Jan 01
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: CA$0.002 loss per share (up from CA$0.008 loss in 1Q 2021). Revenue: CA$2.47m (down 8.2% from 1Q 2021). Net loss: CA$952.8k (loss narrowed 65% from 1Q 2021). Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 100%. Earnings per share (EPS) surpassed analyst estimates by 100%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: CA$0.017 loss per share (up from CA$0.068 loss in FY 2020). Revenue: CA$12.0m (flat on FY 2020). Net loss: CA$6.47m (loss narrowed 67% from FY 2020). Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 100%. Earnings per share (EPS) surpassed analyst estimates by 100%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Executive Departure • Oct 05
Chief Financial Officer Tricia Kaelin has left the company On the 4th of October, Tricia Kaelin's tenure as Chief Financial Officer ended after 1.2 years in the role. We don't have any record of a personal shareholding under Tricia's name. Tricia is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.04 years. Reported Earnings • Jul 01
Third quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.016 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$3.37m (up 32% from 3Q 2020). Net income: CA$389.1k (up CA$5.02m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Announcement • Jun 04
1933 Industries Inc. Announces the Recent Launch of Its Ultra-Craft Brand Level X 1933 Industries Inc. announced the recent launch of its ultra-craft brand Level X, an exclusive collection of exotic strains, selected specifically for their distinctive terpene profiles, high THC levels, and flavonoids. Over a year in development, Level X flower is expertly cured, small batch grown and features buds that are meticulously selected and hand-trimmed. Cultivated by a best-in-class team in the Company's state-of-the art indoor facility, Level X is the result of months of testing and evaluating distinctive cultivars in order to provide a unique product not currently available. Reported Earnings • Apr 03
Second quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.021 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$3.41m (up 8.5% from 2Q 2020). Net loss: CA$1.41m (loss narrowed 77% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Announcement • Mar 06
1933 Industries Inc. announced that it has received CAD 4.955052 million in funding On March 4, 2021, 1933 Industries Inc. (CNSX:TGIF) closed the transaction. The company issued 45,045,929 units for gross proceeds of CAD 4,955,052 which included the partial exercise of the underwriter's option of 13,225,929 units for proceeds of CAD 1,454,852. The round was oversubscribed. Announcement • Feb 11
1933 Industries Inc. announced that it expects to receive CAD 3.5002 million in funding 1933 Industries Inc. (CNSX:TGIF) announced a private placement of 31,820,000 units at a price of CAD 0.11 each for gross proceeds of CAD 3,500,200 on February 10, 2021. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable to acquire one common share at an exercise price of CAD 0.16 per common share for a period of 24 months from the closing of the offering, subject to a warrant acceleration right exercisable by the company if, at any time following the date that is four months and one day from the closing date, the daily volume weighted average trading price of the company’s common shares on the Canadian Securities Exchange is greater than CAD 0.30 for the preceding 10 consecutive trading days. All securities issued will be subject to a four month and one day hold period commencing on the closing date. The underwriters will have the option to purchase an additional 13,640,000 units at the issue price to raise additional gross proceeds of up to CAD 1,500,400, exercisable at any time prior to the closing date. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Canadian Securities Exchange. The transaction is expected to close on or about March 4, 2021. Reported Earnings • Dec 29
First quarter 2021 earnings released: CA$0.008 loss per share The company reported a soft first quarter result with weaker revenues and control over expenses, though losses reduced. First quarter 2021 results: Revenue: CA$2.69m (down 31% from 1Q 2020). Net loss: CA$2.68m (loss narrowed 29% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Announcement • Nov 06
1933 Industries Inc. (CNSX:TGIF) (the "Company") signed a Membership Interest Purchase Definitive Agreement to acquire remaining 9% stake in Alternative Medicine Association LC for CAD 0.28 million. 1933 Industries Inc. (CNSX:TGIF) (the "Company") signed a Membership Interest Purchase Definitive Agreement to acquire remaining 9% stake in Alternative Medicine Association LC for CAD 0.28 million on November 5, 2020. Upon-closing, 1933 Industries will own 100 of the Alternative Medicine Association. Subject to the terms of the Agreement, in consideration of the acquisition of the remaining 9%, the Company will issue, in the aggregate, 3,700,000 non-transferable share purchase warrants, exercisable at a price of CAD 0.075 per share expiring on June 13, 2024. As part of the transaction, a total of 1,650,000 outstanding warrants and 2,050,000 options will be cancelled, and the operating agreement for Alternative Medicine Association will be amended to concede complete managerial control of AMA to the Company. The Agreement is subject to the regulatory approvals, including the approval of the Canadian Securities Exchange, as applicable. The closing date is expected to take place on or around November 6, 2020. Announcement • Nov 03
1933 Industries Inc. announced that it expects to receive CAD 0.91872 million in funding 1933 Industries Inc. (CNSX:TGIF) announced a private placement of 13,920,000 units at CAD 0.066 per unit for gross proceeds of CAD 918,720 on November 2, 2020. Each unit will consist of one common share and one one transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire one share at an exercise price of CAD 0.106 per share for a period of 18 months following the closing. The transaction is expected to close on November 3, 2020. All securities to be issued in the transaction will be subject to a four month expiring on March 4, 2021. The transaction is subject to necessary regulatory and stock exchange approvals including the approval of Canadian Stock Exchange. Announcement • Sep 10
1933 Industries Inc. announced that it has received CAD 0.788253 million in funding On September 4, 2020, 1933 Industries Inc. (CNSX:TGIF) closed the transaction. The company issued 10,510,040 units for proceeds of CAD 788,253. The company paid finder's fees of CAD 6,037.50 and issued 40,250 warrants. All securities issued in connection with the private placement are subject to a regulatory hold period expiring on January 5, 2021. Announcement • Jul 20
1933 Industries Inc. announced that it expects to receive CAD 5 million in funding 1933 Industries Inc. (CNSX:TGIF) announced a private placement of 66,666,666 units at CAD 0.075 per unit for gross proceeds of CAD 4,999,999.95 on July 17, 2020. Each unit will consist of one common share and one half of one transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire one share at an exercise price of CAD 0.125 per share for a period of 24 months following the closing. The transaction is anticipated to close on or about August 14, 2020. Each warrant is subject to an accelerated expiry. If the closing price of the company’s shares exceeds CAD 0.25 per share for a period of 10 consecutive trading days, the company may provide notice of acceleration, after which holders of the warrants will be entitled to exercise their warrants for a period of 30 days. All securities to be issued in the transaction will be subject to a four month and one day hold period commencing on the closing date. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the CSE. 
