1933 Industries Reports Decline in Fiscal 2026 Revenue and Profitability

1933 Industries Inc., a Nevada-focused cannabis producer, announced financial results for the second quarter of fiscal 2026. The company reported a revenue of $7.9 million, a drop from $8.4 million in the previous year, attributed to declining flower prices, market contraction, and increased competition from illicit hemp products.

The company's gross profit fell to $1.9 million from $2.8 million, with a gross margin decrease from 34% to 24%. However, expenses were reduced to $2.1 million, improving from $3.7 million in the previous period, primarily due to lower license taxes and insurance expenses. Net losses narrowed to $0.2 million compared to $0.89 million in the prior year.

Despite challenges, the Alternative Medicine Association brand maintained strong standings in Nevada's cannabis market, especially within concentrates and flower categories.