1933 Industries, Inc. (TSE:TGIF) has released an update.
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1933 Industries Inc., a Nevada-based cannabis company, has halted operations of its Canna Hemp™ CBD consumer packaged goods division due to diminishing demand and market challenges. The CBD market struggles include increased competition, store closures, regulatory uncertainties, and the emergence of psychoactive Delta 8 products. The company is reevaluating the potential for growth in the CBD sector amidst these ongoing issues.
For further insights into TSE:TGIF stock, check out TipRanks’ Stock Analysis page.
