1933 Industries Strengthens Management Team with the Appointment of a New CFO
Ms. Tricia Kaelin is a seasoned financial executive with a proven track record
VANCOUVER, BC, July 7, 2020 /CNW/ - 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE: TGIF) (OTCQX: TGIFF), a vertically integrated cannabis consumer packaged goods company, is pleased to announce the appointment of Ms. Tricia Kaelin as Chief Financial Officer, effective today. As a CPA and with extensive CFO experience across a variety of industries - including cannabis - Ms. Kaelin joins the Company's management team to help guide profitable growth. The Company wishes to thank Mr. Stephen Radusch, who will be departing the Company, for his contributions as CFO.
Ms. Kaelin brings over twenty-five years of financial management, strategic planning, accounting, and public company financial reporting experience. She has served as CFO and CIO for a number of privately-held companies, and has expertise in mergers and acquisitions, corporate restructuring, and private and public equity and debt financings.
Ms. Kaelin has experience executing high-growth strategies, having increased revenues to $1Billion+ for a privately held company. She has held financial leadership positions in the cannabis industry for companies with operations in multiple states, including Nevada.
"Tricia is a dynamic leader and her wealth of experience and deep understanding of the Company's positioning makes her the ideal candidate to execute on our strategy", stated Mr. Eugene Ruiz, President of 1933 Industries. He added, "Our continued focus on expense reduction and adherence to cost controls are some of the necessary measures we have implemented to adapt to the changing environment and ensure the long-term success of the Company. We look forward to working with Tricia as we refine our financial strategy to optimize our operations and build a solid path to profitability".
"It's a multifaceted and exciting industry at an important juncture. I am honored and appreciate the opportunity to apply my experience to benefit the Company and foster growth as CFO," said Ms. Kaelin.
The appointment of Ms. Kaelin is the latest addition to the Company's new executive leadership, following the appointments of Messrs. Paul Rosen and Eugene Ruiz as CEO and President respectively, to steward the Company and drive long-term shareholder value.
About 1933 Industries Inc.
1933 Industries is a vertically-integrated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the Company controls all aspects of the value chain with cultivation, extraction, processing, and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners.
Our award-winning proprietary portfolio of brands include: AMA flower and AMA concentrates as well as CBD-infused Canna Hemp™, Canna Hemp X™, and Canna Fused™ products. Partners under licensing agreements include: Birdhouse Skateboards™, Blonde™ Cannabis, Bloom™, Denver Dab Co., Grizzly Griptape, OG DNA Genetics, The Pantry Company, PLUGplay, and The Original Jack Herer®.
The Company owns 91% of Alternative Medicine Association, LC (AMA), and 100% of Infused MFG LLC. 1933 Industries continues to focus its operations in the licensed US cannabis industry as a multi-state operator in Nevada, Colorado and California. The Company operates in California via a management services agreement with Green Spectrum Trading Inc., a medicinal and recreational cannabis business licensee in the state.
About Canna Hemp™
Canna Hemp™ CBD Relief Cream was named "Best Topical" by Leafy's Best in State: The Top State Specific Products and Experiences of 2018.
http://www.cannahemp.com
https://www.leafly.com/news/strains-products/best-in-state-2018-nevada-cannabis
About Canna HempX™
Canna Hemp X™ was named "Best Topicals for Pain" by Herb's Guide to the Best Cannabis Products on the Planet. Canna Hemp X™ is a CBD sports recovery cream for athletes, bridging the gap between recovery and top performance.
http://www.cannahempx.com
https://herb.co/learn/best-cannabis-products/
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com. 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE 1933 Industries Inc.
Alexia Helgason, VP, IR and Corporate Communications, 604-674-4756 (ext. 1), [email protected]; Paul Rosen, CEO, 604-674-4756 (ext. 1)
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