1933 Industries Inc (OTCMKTS:TGIFF) introduced the Canna Hemp line of wellness products derived from hemp seed oil. Its new product portfolio comprises lotions, balms, creams, tinctures, and capsules.
Preference for hemp specific products
1933 Industries used its proprietary TerpFX mix of cannabis terpenes to formulate each product. President of 1933 Industries, Gene Ruiz, said its clients prefer hemp specific products. The company offered high-quality hemp-based products to suit the needs of loyal customers.
After introducing Canna Hemp wellness products in 2016, the brand gained wide popularity and trust of the customers because of the quality, safety, and effective formulation of each product.
Canna Hemp line availability online
1933 Industries offers Canna Hemp line products through prominent e-commerce sites like Rakuten, Homvare, Walmart, eBay, and Amazon.com, Inc. (NASDAQ:AMZN). Canna hemp series products are sold through its e-commerce site.
1933 Industries is offering Hemp Canna products directly to home because of the COVID-19 pandemic. The company established relationships with large online retailers to expand its customer base in the US.
Recruits Interim CEO and President
1933 Industries added Eugene Ruiz and Paul Rosen as President and Interim CEO. They will provide guidance and promote the development of the company.
Paul brings a decade of experience in establishing and guiding an international cannabis industry. He also established PharmaCan Capital Corp (NASDAQ:CRON) and worked as CEO and first president. Apart from serving in the director board of several companies, Paul is now working at Global Go as Executive Chairman. He also holds a stake in 1933 Industries.
Eugene boasts strong leadership skills. Previously he served as CFO, CEO, and COO in several companies in the US. Eugene is also responsible for the turnaround of several companies.
Chairman of the board, Terry Taouss, said the appointment of two industry leaders is an indication of 1933 Industries’ focus on expediting execution and achieve quick growth.
Posts a 17% drop in Q3 2020 revenues
1933 Industries revenues declined by 17% to $2.6 million in Q3 compared to the previous quarter.
1933 Industries expanded its cultivation operations in Las Vegas by populating all the 15 grow rooms and harvesting every 2-weeks. The company enhanced its B2C e-commerce operations to 10 markets online.