1933 Industries Inc. is a vertically integrated cannabis company that operates in the US and Canada. The company owns licensed medical and adult-use cannabis cultivation and production facilities, proprietary hemp-based CBD-infused products, CBD extraction services, and a specialized cannabis advisory firm.
1933 Industries' subsidiary, Alternative Medicine Association (AMA), is a licensed medical and adult-use cannabis cultivation and production facility in Nevada that produces its own line of unique cannabis products and manufactures third-party brands. Another subsidiary, Infused MFG, produces hemp-based CBD products crafted from high-quality organic botanical ingredients.
The company's product offerings include AMA-branded flower, pre-rolls, and boutique concentrates, as well as the Canna Hemp line of CBD wellness products such as tinctures, gummies, topicals, and sports recovery products. In April 2024, 1933 Industries acquired the remaining 9% interest in AMA, making it a wholly-owned subsidiary.
As of April 2024, AMA's products consistently ranked as the top-selling cannabis brand in Nevada across multiple categories, including #1 in Flower, #1 in Concentrates, and #3 in Pre-Rolls. The company reported revenues of USD 15.1 million for the nine months ended April 30, 2024, with a net profit of USD 0.1 million and adjusted EBITDA income of USD 0.7 million during the same period. 1933 Industries focuses on quality and value offerings, wholesaling its products to retail accounts across Nevada.
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