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TGIF / TGIFF 1933 Industries: A Penny weed stock in the shadows
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1933 Industries is a thc/cbd operator in Nevada, based in Las Vegas. It has only been run properly for the last 4 months after years of the wrong people with the wrong moves destroying the stock price. It usually now moves with ACB, APH and others and rarely blazes its own path. When it does have that bump in volume it shoots up. The last Q was just reported and the highlights were:
- Positive gross margin
- 57% Decrease in expenses
- 78% Decrease in net loss
- 98% Improvement in Adjusted EBITDA
Can they break out of the shadows and make their own path? The next few months have some bullish catalysts on their side:
- -March/April/May quarter is on pace to be the first profitable quarter.
- -5 Million PP upgrades, expansion and activation of the other property.
- -Vegas and tourism will be in full swing Sept/Oct/Nov predicted to have record visitors. Allegiant Stadium will prove its significance going forward.
- -TGIF/TGIFF and other operators in legal states do not need Federal legalization across the map. The Safe Banking act passing sometime 2021 will be the largest impact on the stock.
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