1933 Industries Inc.: Trading Resumes after Suspension
Toronto, Ontario, March 6, 2025 – In a recent press release, 1933 Industries Inc. (NASDAQ: TGIF) (CSE: TGIF) announced the resumption of trading on major stock exchanges following a temporary suspension. The Company had been under investigation for certain regulatory issues, but it has now rectified the situation.
Background
1933 Industries Inc. is a leading consumer goods company that operates in the cannabis and hemp industries. The Company’s portfolio includes various brands and products, including infused edibles, concentrates, and topicals, among others. The suspension of trading occurred in late February 2025, following reports of potential regulatory violations.
Rectification of the Situation
According to the Company’s press release, 1933 Industries has cooperated fully with the relevant regulatory authorities during the investigation. The Company also stated that it has taken corrective actions to address the issues that led to the suspension. Specifically, the Company has:
- Engaged external legal counsel to assist with the investigation;
- Implemented enhanced compliance procedures and controls;
- Terminated the employment of certain individuals;
- Provided updated information to the regulatory authorities.
Impact on Shareholders
The resumption of trading for 1933 Industries Inc. is likely to be welcomed news for the Company’s shareholders. The temporary suspension had caused significant volatility in the stock price, with shares trading at a discount to their pre-suspension levels. With the investigation now concluded and trading resumed, investors may be looking to buy in at what they perceive to be a discount.
Impact on the Industry
The resumption of trading for 1933 Industries Inc. is also likely to have broader implications for the cannabis and hemp industries as a whole. The Company’s situation serves as a reminder of the importance of regulatory compliance in this rapidly growing sector. As more companies enter the market and seek to capitalize on the growing demand for cannabis and hemp products, regulatory scrutiny is only likely to increase.
Conclusion
The resumption of trading for 1933 Industries Inc. marks the end of a challenging period for the Company. With the regulatory investigation now concluded, the focus can shift back to the Company’s business operations and growth prospects. For shareholders, the resumption of trading presents an opportunity to buy in at what they perceive to be a discount. For the cannabis and hemp industries, the situation serves as a reminder of the importance of regulatory compliance.
As the industry continues to evolve and mature, it is essential for companies to prioritize compliance with all relevant regulations. This will not only help to mitigate the risk of regulatory investigations and suspensions but also build trust and confidence with investors and consumers.
