1933 Industries Plans Full Acquisition of Subsidiary AMA

1933 Industries Inc., a Nevada-focused cannabis cultivator and producer, has announced the finalization of its Membership Interest Purchase Agreement (MIPA) with Caleb Zobrist, acquiring the remaining 9% interest in its subsidiary, Alternative Medicine Association LC (AMA). This move will make its subsidiary fully owned by FN Pharmaceuticals, a wholly owned division of 1933 Industries.

The purchase amounts to USD$50,000, split between cash and common stock valued through a 10-day VWAP. The stock is subject to Canadian holding restrictions until October 1, 2025. The transaction, overseen by the Nevada Cannabis Compliance Board, is set to close on May 30, 2025.

Due to Zobrist's former position with the company, the deal is classified as a "related party transaction" but is exempt from certain regulatory requirements as its value is less than 25% of 1933 Industries' market capitalization.