1933 Industries Reports Positive Q1 2026 Financial Results

1933 Industries Inc., a Nevada-focused cannabis company, announced its financial performance for the first quarter ending October 31, 2025. The company achieved a revenue of $4 million, with a gross profit of $1 million and a gross margin of 25%. Cost-saving initiatives led to a reduction in expenses to $0.8 million, resulting in a net income of $139,219, compared to a net loss of $577,829 in the previous year.

The comprehensive income for the period was $167,249, highlighting a positive shift from the previous year's comprehensive loss of $354,904. Despite slower sales, the company maintains its position as one of Nevada's top five cannabis brands.

Recent developments in U.S. legislation, including the reclassification of cannabis to a Schedule III substance, are seen as beneficial for the industry. 1933 Industries plans to align its operations with new regulations, potentially relaunching its Canna Hemp products.