1933 Industries Announces Repurchase and Cancellation of Convertible Debentures

1933 Industries Inc., a Nevada-centered cannabis producer, has confirmed an agreement to reacquire and cancel a part of its unsecured convertible debentures. The company will repurchase $475,000 in debentures for $47,500 CAD. This move is aligned with an agreement made with two independent vendors.

The debentures, once transferred and cancelled, will be removed from the company's liabilities. This action supports the company's strategy to enhance its financial standing and lessen overall liabilities. Currently, $2,598,000 of debentures remain outstanding.

The agreement is subject to standard conditions including regulatory approvals with the Canadian Securities Exchange, anticipating closure by September 5, 2025.