on 1933 Industries Inc. (NASDAQ:TGIFF)
1933 Industries Updates on Delayed Filing and Management Transition
1933 Industries Inc., operating in the Nevada cannabis sector, has announced an update concerning the delay of its 4th quarterly report filings. The British Columbia Securities Commission granted a Management Cease Trade Order due to this delay. This affects only certain executives, not general shareholders. The company intends to finalize the filings by January 27, 2025, and will issue bi-weekly status reports until compliance is achieved.
Additionally, the company's CEO, Paul Rosen, will resign effective February 1, 2025, with Brian Farrell, CFO, stepping in as Interim CEO. Despite past challenges, the company reached profitability and its brand AMA remains a top seller. Farrell acknowledges Rosen's contributions during his tenure.
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