1933 Industries Provides Update on 2024 Debenture Conversions

Core Viewpoint - 1933 Industries Inc. has provided an update on its unsecured convertible debentures issued in 2024, highlighting the conversion status and its impact on the company's financial position [1][2][3]. Debenture Conversion Status - As of December 22, 2025, a total of $1,035,000 of debentures were converted into units of the company, leaving $1,563,000 of debentures outstanding [2]. Financial Position and Liquidity - The company acknowledges the conversions have reduced outstanding debt obligations and strengthened its balance sheet [3]. - The available cash resources are essential for ongoing operations, and the company lacks sufficient liquidity to repay the outstanding principal amount of the 2024 Debentures in cash without impairing operations [4]. - Despite reporting positive operating results and net income, maintaining adequate working capital is critical for day-to-day operations [5]. Management Commentary - The CEO stated that the completed conversions have helped preserve liquidity necessary for ongoing operations and that the company will continue to monitor its financial position and capital structure [6]. Company Overview - 1933 Industries is a licensed producer based in Nevada, focusing on the cultivation and extraction of cannabis consumer products under its flagship brand, Alternative Medicine Association (AMA) [7].