1933 Industries Inc
(OTCMKTS:TGIFF) recently celebrated a key expansion milestone in the U.S
after opening more than 800 retail outlets for its cannabis brands.
The achievement highlights the company’s commitment to
expanding its business into more areas as part of its strategy to expand its CBD
Brand Distribution. So far the impressive number of retail outlets allow 1933
Industries to achieve coast-to-coast distribution in the U.S. Although it has
impressive figures, the company intends to continue expanding in line with its
plan to provide customers more access to its Canna Hemp™ brand.
“We have been extremely successful at building our own
distribution channels across the country, which is now one of the largest
networks of CBD and a key differentiator of our Company,” stated 1933
Industries president, Ms. Ester Vigil.
Vigil also pointed out that her company’s integrated market
approach might attract third-party partners. This is particularly because TGIFF
basically controls all the processes from cultivation, extraction, marketing,
manufacturing, and sales. It also handles the branding, as well as
distribution. It also plans to commence CBD processing before the end of 2019.
The Canna Hemp brand consists of more than 70 agricultural
hemp-based, high-quality products infused with CBD. The products also focus on
a wide variety of effects. Market analysts and researchers forecast that CBD
sales will reach $20 billion in the U.S market alone by 2024.
receives permanent occupancy permit for Las Vegas facility
1933 Industries recently announced that it was awarded a
permanent residency permit for a facility located in Las Vegas, Nevada. The
facility is important for the company’s operations in Las Vegas, especially as
far as its expansion plans in the state are concerned.
TGIFF CEO Chris Rebentisch stated that his company was
pleased about moving into the new facility, as well as commencing operations.
The firm expects the facility to increase its flower cultivation by five-fold
and this will also boost the growth of its AMA branded products. The facility will
therefore be accretive to the company’s revenues in the future and even help it
to attract more business partners in the future.