1933 Industries Completes Acquisition of Remaining Stake in Subsidiary

1933 Industries Inc., a cannabis cultivator and producer focused on Nevada, has completed the purchase of the remaining 9% interest in its cultivation and production subsidiary, Alternative Medicine Association LC (AMA). This acquisition was finalized on May 30, 2025, under the amended Membership Interest Purchase Agreement (MIPA) with former senior officer, Mr. Caleb Zobrist.

The purchase price for the stake was USD 50,000, split evenly between cash and shares, with 5,503,450 shares issued based on the November 27, 2024 market price. The shares are subject to a hold period in Canada through October 1, 2025, with additional U.S. restrictions according to the Securities Act of 1933.

This transaction is a related party transaction under MI 61-101, but the company is exempt from certain requirements due to the transaction value being under 25% of its market cap.