1933 Industries Inc (OTCMKTS:TGIFF) has signed an accord with Alternative Medicine Association LLC (AMA) and Gotti’s Gold Ex LLC to unveil Gotti’s Gold branded Cannabis products in alliance with Kurupt, a legendary hip hop artist, in Nevada. The deal is valid up to November 9, 2019. It can be extended for a period of another 12 months.
Premium cannabis products
1933 Industries is targeting the premium cannabis products for adult users in Nevada. The Gotti’s Gold premium cannabis products comprise Gold Nuggets, pre-rolls, premium flower, concentrates, and CBD cartridges. The premium cannabis products will be unveiled at Las Vegas biggest 420 celebration on April 20, 2019. Canna Hemp, a brand of 1933 Industries, sponsors the event on April 20. The company will distribute the premium products using its own distribution networks to the licensed dispensaries across Nevada.
Chief Operating Officer of 1933 Industries, Joe Bleackley said the company has partnered again with Kurupt for introducing Goti’s Gold in Las Vegas. Kurupt has chosen AMA as the partner for the premium products because it delivers quality products consistently.
Kurupt said the decision to launch the Gotti’s brand of premium cannabis products is to improve awareness among all genres of customers. The users will experience the quality of cannabis products. He further said an alliance with 1933 Industries will open a plethora of opportunities across the world and in the US.
1933 Industries has reported revenues of $3.72 million CAD in Q2 2019. Its net loss is estimated at $2.93 million CAD. It has a cash balance of $8.81 million CAD as on January 31, 2019. The revenues of AMA are estimated at $1.289 million CAD.
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