1933 Industries Launches $1.8M Private Placement

1933 Industries (TSE:TGIF) has released an update.

1933 Industries, a Nevada-based cannabis company, has announced a non-brokered private placement aiming to raise up to $1.8 million through the sale of 120 million units at $0.015 each. Each unit will include a common share and a purchase warrant, with the latter allowing the purchase of an additional share at $0.05 for five years. The funds raised will be allocated towards capital improvements and general working capital needs.

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