A pioneer in the market, Bloomtm is a trusted brand with reach in the largest cannabis markets in the US
VANCOUVER, Jan. 9, 2020 /CNW/ - 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE: TGIF) (OTCQX: TGIFF), a vertically-integrated and growth-orientated cannabis consumer packaged goods company, is pleased to announce a licensing agreement (the 'Agreement') between the Company's subsidiary, Alternative Medicine Association LLC ("AMA") and Capna Intellectual, Inc., developer of The Bloom Brand ("Bloomtm"). The one-year agreement was executed in December and received state approval in January, and awards AMA the exclusive license to manufacture a wide range of Bloomtm products for the Nevada market.
Established in California in 2014, Bloomtm is now sold in over three hundred licensed retailers in California, Nevada, Washington and New Mexico, with further expansion planned for new markets in Oklahoma, Massachusetts and Canada.
In 2015, AMA was the first licensed cultivator in Southern Nevada. Today, AMA continues its tradition of cultivating craft cannabis in a newly-constructed, state-of-the-art, purpose-built facility in Las Vegas, offering consistency and scalability. Well-known for its premium quality cannabis products, AMA produces a variety of THC concentrates, as well as oils used in vape pen cartridges, with a variety of terpene profiles for flavours and aromas.
"Our companies focus on end-use cannabis products that provide the highest quality ingredients and that are safe for consumers", remarked Ms. Ester Vigil, President of 1933 Industries. "Our goal is to expand beyond our proprietary AMA products and represent the very best cannabis brands in Nevada, offering a full suite of differentiated product lines. Bloomtm is a brand we have been watching for some time, waiting for the opportune time to work together. We are impressed by the professionalism of the Bloomtm team and we are proud to represent such a highly rewarded brand in Nevada", Ms. Vigil continued.
Providing an experience that is as close to the cannabis plant as possible and delivered in a tasteful and convenient way, the Bloomtm licensed products include:
Bloomtm products do not contain any additives, PG, VG, or vitamin E Acetate.
"Consistency is at the core of everything we do, so it was integral for us to find the right partners to act as an extension of our vision," said CEO and co-founder of Bloomtm, Mr. Vitaly Mekk, "We are thrilled to begin this partnership with 1933. Their extensive cannabis history and experience in Nevada give us confidence that we will be able to achieve our goals together."
About Capna Intellectual
Pulling from a diverse background in cannabis retail, CPG, and technology, Capna Intellectual's mission is to develop authentic products that deliver unforgettable cannabis experiences. Capna Intellectual is known for developing Bloom, a pioneering cannabis brand that was established in Southern California in 2014. Bloom is now sold in over three hundred retailers across four States: California, Nevada, Washington and New Mexico. In 2020, Capna Intellectual will continue the rapid growth of the brand by adding additional product categories while launching in three new markets: Oklahoma, Canada and Massachusetts.
About 1933 Industries Inc.
1933 Industries is a vertically-integrated, growth-orientated 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 Hemptm, Canna Hemp Xtm, and Canna Fusedtm products. Partners under licensing agreements include: Birdhouse Skateboardstm, Blondetm Cannabis, Bloomtm, 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.
About Canna Hemptm
Canna Hemptm CBD Relief Cream was named "Best Topical" by Leafy's Best in State: The Top State Specific Products and Experiences of 2018.
About Canna HempXtm
Canna Hemp Xtm was named "Best Topicals for Pain" by Herb's Guide to the Best Cannabis Products on the Planet. Canna Hemp Xtm is a CBD sports recovery cream for athletes, bridging the gap between recovery and top performance.
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.
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