1933 Industries Releases Q1 2025 Financial Results

1933 Industries Inc., a cannabis cultivator based in Nevada, has announced its financial results for the first quarter of 2025. The Company generated a revenue of $4.0 million, marking a decline from $5.2 million during the same period the previous year. This drop is attributed to soft sales within Nevada and a decrease in cannabis flower prices.

The Company's gross profit for this period stood at $1.3 million, showing a reduction compared to $1.6 million in Q1 2024. However, the gross margin saw a slight improvement, reaching 33% from last year's 31%.

Despite the decline in sales, the Company managed to decrease its expenses to $1.9 million, which primarily resulted from reduced tax expenditures. 1933 Industries reported a net loss of $0.58 million, greater than last year's loss of $0.38 million.

1933 Industries' AMA brand maintained its strong market presence, ranking third in Nevada by sales volume.