Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
1933 Industries Inc. is a vertically integrated cannabis company operating primarily in the U.S. legal cannabis industry, with a strategic focus on cultivation, manufacturing, and branded consumer packaged goods. The company participates in both the cannabis flower and cannabis-derived consumer products segments, generating revenue through wholesale and retail distribution within regulated markets. Its core activities are centered on the production and sale of THC-infused products where permitted by law.
Founded in 2014 and originally focused on hemp-derived products, the company transitioned into the regulated THC cannabis market following legalization trends in the United States. A pivotal evolution occurred with its expansion into Nevada, where it established vertically integrated operations. The company is publicly listed on the Canadian Securities Exchange under the ticker TGIF and has positioned itself as a branded product manufacturer with in-house cultivation capabilities.
Business Operations
The company operates through two primary business segments: Cultivation and Production and Consumer Branded Products. Cultivation activities are conducted through its Nevada-based subsidiary Alternative Medicine Association (AMA), which operates licensed indoor cultivation and production facilities. Revenue is generated through wholesale flower sales and the manufacture of cannabis concentrates and infused products.
On the consumer side, 1933 Industries Inc. develops and distributes branded cannabis products, including edibles, vapes, and concentrates, sold through licensed dispensaries. The company also owns Canna Hemp™, a legacy wellness brand focused on hemp-based CBD products, though this segment has represented a smaller and more variable contribution to revenue in recent years. Operations are predominantly domestic, with no material international cannabis sales due to regulatory constraints.
Strategic Position & Investments
The company’s strategy emphasizes operational efficiency, cost control, and brand development within a limited-license market. Nevada’s regulated environment provides barriers to entry that support pricing stability and long-term participation. 1933 Industries Inc. has focused on optimizing yields, streamlining SKUs, and strengthening wholesale relationships rather than aggressive geographic expansion.
Key investments include continued capital deployment into cultivation infrastructure and production automation at AMA, as well as brand refinement for its in-house product lines. The company has not engaged in significant large-scale acquisitions in recent years, prioritizing organic growth and balance sheet discipline. Its exposure to emerging product formats, such as concentrates and vape products, aligns with evolving consumer demand in mature cannabis markets.
Geographic Footprint
The company’s operational footprint is concentrated in Nevada, which represents its primary and materially exclusive revenue-generating market. Corporate headquarters and principal operations are based in Las Vegas, Nevada, where cultivation, production, and administrative functions are centralized.
While 1933 Industries Inc. maintains a public company presence in Canada through its stock exchange listing, it does not currently operate cannabis assets outside the United States. International activities are limited, and the company does not report material operational influence beyond the U.S. due to federal and cross-border regulatory restrictions.
Leadership & Governance
The company is led by an executive team with experience in cannabis operations, consumer products, and public company management. Leadership has emphasized disciplined capital allocation, regulatory compliance, and operational focus as core elements of its governance approach.
Key executives include:
- Todd Harrison – Chairman & Chief Executive Officer
- Matthew Galt – President
- Dan Fornes – Chief Financial Officer
- Mark Morton – Vice President of Operations
The leadership team’s strategic vision centers on maintaining profitability in a challenging regulatory environment while building sustainable cannabis brands within a single-state operational model.