1933 Industries Updates on 2024 Debenture Conversions

1933 Industries Inc., a cannabis producer based in Nevada, provided an update on its 2024 Debentures. By December 22, 2025, $1,035,000 of these debentures were converted into company units. However, $1,563,000 remains outstanding. These conversions have helped reduce the company's debt obligations, thereby strengthening its balance sheet.

While the company has reported positive operating results and net income, liquidity remains a concern. Available cash resources are critical for ongoing operations, and cash shortages could impair business continuity. The company emphasizes managing its liquidity to fund day-to-day operations effectively.

CEO Brian Farrell highlighted that converting debentures prior to the deadline helps preserve essential liquidity for continued operations. The company will keep monitoring its financial state and provide necessary disclosures.