1933 Industries CEO Chris Rebentisch joined the Investing News Network to talk about the company’s house of brands and its US expansion strategy.
After revealing that the company generated C$5.2 million in revenue in Q4 without adding to its operations, 1933 Industries is looking to expand its brand portfolio and presence in the US. According to Rebentisch, the company’s cannabis and hemp-based products are currently sold in 46 states including over 800 retailers. He believes that the variety of brands and products that 1933 Industries offers will allow the company to become a dominant player in each market.
To this aim, 1933 Industries has signed multiple agreements for brands to create a portfolio that appeals to a broad demographic and age group. Some of the brands include Birdhouse Skateboards, Blonde, Jack Herer and PLUGplay. Rebentisch stated that the company intends to add more cultural-based and unique brands to 1933 Industries’ portfolio in the coming months. He also told INN that the company is targeting the Arizona cannabis market, which has the potential to be a “huge” market once recreational-use cannabis is legalized next year.
In the meantime, Rebentisch is looking forward to changes in cannabis and banking regulations, which would allow institutional investors to participate in the US cannabis industry. He also believes that these changes will help eliminate the black market, which has recently been linked to individuals becoming ill after using a vaporizer.
Below is a transcript of our interview with 1933 Industries CEO Chris Rebentisch. It has been edited for clarity and brevity.
Investing News Network: What is your name, company and ticker symbol?
1933 Industries CEO Chris Rebentisch: Chris Rebentisch, CEO of 1933 industries. Our ticker is TGIF on the CSE and TGIFF on the OTC.
INN: Please give our investor audience an overview of 1933 Industries and its recent activities.
CR: 1933 is a consumer branded goods company in the cannabis and hemp-based CBD markets. Our products are sold in 46 states including over 800 retailers. We have cannabis manufacturing in Colorado and Nevada. Our largest presence is in Nevada with our massive cultivation facility, which we just brought online. It produces about five times the amount of our current facility. We’re also expanding our extraction and manufacturing as we’ve brought on multiple brands. We’re building a house of brands to dominate the cannabis markets in Nevada, Colorado and California.
INN: Could you please expand on the significance of your recent fourth-quarter revenue guidance?
CR: We released a revenue of US$5.2 million in Q4, which is up almost 50 percent year over year. The significance of this is that we did it on the same infrastructure. There were no new brands, buildings, mergers or acquisitions. It’s pure raw growth from the professionalism and expertise that we have in the cannabis space.
INN: Could you tell us about your recent agreement for the launch of the Blonde brand?
CR: We’ve brought on multiple brands like Tony Hawk’s Birdhouse Skateboards and OG DNA Genetics, a company that we collaborated with on CBD DNA genetics. OG DNA Genetics is the world-renowned genetics specialist of cannabis strains. We’ve brought on a new brand from Los Angeles called Blonde, which is a premier high-end strain and brand that we believe will be the next big thing. We also brought on the Jack Herer brand into Nevada as well as PLUGplay, which is a unique vaporizer hardware comprised of magnetic pods with extensive battery lives. The purpose of 1933 is to be a consumer branded goods company with a house of brands that allows us to dominate any market that we enter.
INN: What sector-wide catalysts would be most beneficial for 1933 Industries?
CR: Regulations and banking. These are the most difficult things we deal with. There have been a lot of issues with vapes around the country right now. People are getting sick because of unregulated markets. Nationwide regulation, deregulation and banking changes would allow institutional investors to invest in the US cannabis space.
INN: What’s next for 1933 Industries, and how does that fit into the company’s long-term goals?
CR: We’ll continue to build our house of brands by adding more cultural-based and unique brands. Once they are established, we will move from state to state and territory to territory. Next for us is Arizona. It’s a huge market and is going recreational next year. Then we continue to dominate the rest of the West Coast before moving to the East Coast as we develop nationwide distribution channels for our products and brands.
This interview is sponsored by 1933 Industries (CSE:TGIF,OTCQX:TGIFF). This interview provides information which was sourced by the Investing News Network (INN) and approved by 1933 Industries in order to help investors learn more about the company. 1933 Industries is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with 1933 Industries and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.