Brief: 1933 Industries Sees Q4 Revenue Up 13%

1933 Industries

12/09/2019 13:41

Sept 12 (Reuters) - 1933 Industries Inc  TGIF.CD :
    * 1933 INDUSTRIES PROVIDES GUIDANCE FOR RECORD FOURTH
QUARTER
REVENUE
    * SEES FY 2019 REVENUE UP 42.9 PERCENT
    * SEES Q4 REVENUE UP 13 PERCENT
    * EXPECTS REVENUE OF $5.2 MILLION FOR ITS Q4
    * ANTICIPATES GROSS MARGIN TO CONTINUE TO IMPROVE DURING
SECOND
HALF OF FISCAL 2020
    * EXPECTS TO REPORT A CASH BALANCE OF $18.6M, AN INCREASE OF
$3.9M
FROM PREVIOUS QUARTER END
    * ANTICIPATES REVENUES FOR FISCAL 2019 TO TOTAL $18 MILLION
    * 1933 INDUSTRIES - ON TRACK TO OPEN CUSTOMIZED HEMP
EXTRACTION
FACILITY FOR ISOLATION OF HIGHER YIELD OF CBD, CBN, CBG, CBC,
OTHER CANNABINOIDS
    * REVENUES ARE EXPECTED TO INCREASE DURING FISCAL 2020

Source text for Eikon:  ID:nCNW1RWj9a 
Further company coverage:  TGIF.CD 

 ((Reuters.Briefs@thomsonreuters.com;))