1933 Industries Inc (OTCMKTS: TGIFF) Turns Bullish

1933 Industries Inc (OTCMKTS: TGIFF) price has resumed its upside action after a steep correction from 2019 highs. The stock is once again showing signs of breaking higher as investors react to a string of positive developments that underscore growth metrics and long-term prospects.

OTCMKTS: TGIFF Stock Catalysts And Price Analysis

The licensed cannabis cultivator is fresh from expanding its toes into Nevada with the unveiling of its wellness products in pursuit of sales. The expansion comes high on the heels of the Company confirming plans to move into a new advanced cannabis cultivation facility poised to strengthen CBD production.The Company’s balance sheet has also received a significant boost on the selling of a cultivation real estate asset in Las Vegas. A move to increase versatility and output of hemp extraction facility explains why the stock has started fly g high after a period of consolidation.Price action activity indicates that the stock is on its way back to 2019 highs of $0.44 from where it corrected lower at the start of the second quarter. A rally followed by a close above the $0.44 mark could pave the way for the stock to power even higher in continuation of the emerging uptrend. TGIFF Daily ChartConversely, support on any pullback is seen at the $0.31 level. A breach of the support level could elicit further short selling pressure that could result in 1933 Industries edging lower in continuation of the bear trend that began in April

1933 Industries Background

1933 Industries is a cannabis-focused company that cultivates and produces medical marijuana in the U.S and Canada. The firm manufactures and markets industrial hemp as well as CBD infused products such as flowers and concentrates. The Company also offers CBD extraction services as well as advisory services on matters security and intelligence.[embed]https://www.youtube.com/watch?v=xBK9-mrBnS0&t=1s[/embed]

Capital Injection

1933 Industries bounce back from a minor correction has received a boost on the confirmation of a sale of cultivation real estate asset in Las Vegas. The Company’s wholly owned subsidiary Alternative Medicine Association has completed the sale for $10.5 million.The sale also includes a leaseback agreement after 10 years with the option to extend the lease for two additional five years. With the additional finances, 1933 Industries should be able to pursue strategic initiatives capable of strengthening the core business and accelerate growth.

"We are pleased to complete the Sale Transaction and leverage our real estate asset to support our growth. We funded the purchase of the land and construction of the facility without incurring any debt, so the full sale proceeds are available for working capital and to fund acquisitions in key cannabis markets,” stated Mr. Brayden Sutton, President & CEO.

Enhancing Cultivation and Extraction Capacity

The sale comes at a time when 1933 Industries is planning to move into a new advanced cannabis cultivation facility as the construction phase ends. Permanent power has already been established at the facility with grow equipment installation currently ongoing.The opening of the new facility would mark an important step in the Company’s strategy of ensuring a consistent supply of cannabis flower and input material to AMA branded concentrates. Increased capacity, as well as efficiencies in production, should go a long way in improving the Company’s yield, ideal for triggering higher yields.1933 Industries is also progressing well on plans to launch one of Nevada’s largest hemp extraction facilities. With the new facility, the Company should emerge as a major player in the booming CBD industry. The new facility should go a long way in adding a new significant revenue stream.

“Our intention for this new vertical is to utilize all isolates in the manufacturing of our own proprietary consumer branded goods, securing the supply of raw materials, increasing our margins and benefiting from a recurring revenue stream from the sale to other manufacturers,” stated Mr. Chris Rebentisch, USA COO and Founder of Infused MFG added.

What Next For OTCMKTS: TGIFF

1933 Industries is on its way back to 2019 highs thanks to underlining fundamentals turning bullish. The opening of new cultivation and hemp extraction facilities underscores the Company’s investments geared towards strengthening its competitive edge in the multi-billion-dollar industry.As it stands, TGIFF is a fast growing stock that is seeing plenty of opportunities on the horizon. A spike back to this year highs is likely after the recent pullback.We will be updating our subscribers as soon as we know more. For the latest updates on TGIFF, sign up below!Disclosure: We have no position in TGIFF and have not been compensated for this article.