- Cannabis company 1933 Industries (CSE:TGIF) has begun the second harvest in its Las Vegas cultivation facility
- This marks the beginning of 1933’s continuous cannabis cultivation in Nevada
- The company is harvesting a variety of strains that will soon be available in licensed Nevada dispensaries
- 1933 is working to respond to the surging demand for cannabis during the COVID-19 pandemic
- 1933 Industries (TGIF) remained steady and is currently trading for 11 cents per share
Cannabis company, 1933 Industries (CSE:TGIF) has begun its second harvest of cannabis plants in its Las Vegas cultivation facility.
This development marks the beginning of 1933’s continuous harvesting in the state of Nevada.
1933’s CEO, Chris Rebentisch, called it an important milestone for the company, as it moves into full production.
“We have spent several months optimising the new Las Vegas facility, and enhancing our genetics programme to develop strain varieties.
“We are pleased with our progress to date. 1933 will utilise the current harvest for production of our AMA branded concentrates, and licensed brands, Blonde and Denver Dab Co,” he said.
The company is currently harvesting 15 strains, which will soon be available through licensed Nevada dispensaries.
The strains include Afgoo x Maui Wowie, ATF, Ethos Hash Plant Bx1, GG OG, Habanos OG, Zkittlez, and Kosher Kush. Others are Inzane In The Membrane, Miss USA, Plum Crazy, Primo OG, Purple Tangie, Purple Trainwreck, Rainmaker, and Slimer OG.
Drying, lab testing, and preparing products for sale take roughly a month from the time of harvest. As such, products from this harvest should be available to the market by the end of April.
In related news, the ongoing COVID-19 crisis has created an unexpected increase in the purchase of cannabis products. Many companies, including 1933, are attempting to meet the surge in demand.
“We are working closely with the dispensaries and responding to our clients’ needs. We are capable of adjusting our production to meet our consumers’ needs, which gives us a competitive advantage,” Chris said.
1933’s share price spiked earlier today but has since fallen back down to yesterday’s market close.
1933 Industries (TGIF) remained steady and is currently trading for 11 cents per share, as of 12:43pm EST.