The power of pot and everything stoner were thought to be keys behind behind the eventual success of legalized cannabis, but as the market has matured, health and wellness has increasingly become the focus for many. People want more than just getting high, they want to get better.
The executive team at 1933 Industries (TGIF.C) saw the writing on the wall, switched gears from a ‘let’s get high on the Vegas strip’ deal, and have expanded their roster with hemp to service the USD$4.2 trillion global health and wellness market.
Importantly, with around $50 million in annual revenues and a $110 million market cap, the company trades at a crazy (in this market) market cap of 2.4x revenue, which puts it on every balance sheet nerd’s list of companies to watch, considering how many of their competitors have caps at 20x revs or more.
Equity.Guru’s own Chris Parry sat with 1933 president, Chris Rebentisch, to get a better look at the company, its holdings, the sector and what investors can expect over the next 12 months.
Full disclosure: 1933 Industries is an Equity.Guru marketing client.