1933 Industries Urges Timely Debenture Conversion Amid Regulatory Shift

1933 Industries Inc. has issued a reminder for holders of its 2024 unsecured convertible debentures to convert by December 22, 2025. The Board stresses conversion as crucial for maintaining liquidity and business continuity. Without conversion, the Company risks financial instability, potentially necessitating protection under the Companies' Creditor Arrangement Act. Conversion offers debenture holders shares and purchase warrants, enhancing the Company's financial standing.

Recently, U.S. regulatory changes, including a reclassification of cannabis to a Schedule III substance, offer a positive outlook for the industry. President Donald Trump's executive order could alleviate tax burdens and improve financial access for cannabis businesses. 1933 Industries views this as a growth opportunity, particularly for its Canna Hemp assets.

The Board remains optimistic, emphasizing the significance of their strategic direction and the strengthened financial position post-conversion. The Company aims to leverage industry developments to enhance shareholder value and operational efficiencies.