1933 Industries announces accelerated warrant conversion

() (OTCWX:TGIFF), the cannabis-focused group, said it is accelerating the expiry of certain warrants issued in private placings.

These are share purchase warrants with an expiry date of April 24, May 17, and June 14 this year.

Chilliwack, Canada-based 1933 also said in a statement Tuesday that it intends to accelerate the expiry of warrants bearing an expiry date of August 16 and October 4 this year.

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The outstanding warrants will now expire on April 4 this year and any warrants not surrendered for exercise on or before 5 pm PST on that date will expire unexercised and become null and void.

1933 also revealed that it plans to alert debenture holders with a maturity date of August 16 this year of its plan to force conversion of the balance of the debenture into shares.

The company anticipates extinguishing approximately $1.1 million of debt. Upon conversion, the company will pay to accrued interest to the debenture holders.

1933 also reminded holders of warrants expiring on March 22 this year of the approaching deadline.

Shares were unchanged on the Canadian Securities Exchange at $0.55.

Contact Giles at [email protected]