Tuesday, December 31, 2019
10:53 AM EST – 1933 Industries Inc. : Announced its first-quarter 2020 financial results for the period ended October 31, 2019. Total revenues for Q1 were $3.9 million, down 26% from its previous quarter, mainly due to the decline in market share for vape and distillate sales in the recreational market in Nevada. The Company’s cash position in Q1 is $14.9 million, compared to $17.6 million at July 31, 2019, a decrease of 15%. The current cash position continues to maintain a high cash-per-share position. Working capital was $21.4 million, compared to $22.5 million in the previous quarter, a slight decrease of 4.9%. 1933 Industries Inc. (CSE:TGIF) shares were down $0.025 at 0.195.
Stocks in Play: 1933 Industries Inc., Tue, 31 Dec 2019 10:57:58 EST