1933 Industries Announces Extraordinary Meeting of Debentureholders

VANCOUVER, BC / ACCESSWIRE / May 19, 2022 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF) (OTCQB:TGIFF), a Nevada-focused cannabis consumer packaged goods company, announces that it will hold an extraordinary meeting of holders of 10% Senior Unsecured Convertible Debentures Due September 14, 2021 ("Debentureholders").

The meeting details are as follows:

Date: June 9, 2022

Time: 8:00 a.m. (Pacific Time)

Place: Virtual Meeting Only

Debentureholders will consider the following amendments ("Debenture Amendments"):

1. To amend the conversion price applicable to the Debentures from $0.10 to $0.075 per share;
2. To reduce the price per share for interest payments on the Debentures from $0.10 to $0.075 per share;
3. To amend the price at which the Company may require a forced conversion of the Debentures from $0.15 to $0.10 per share, such conversion to be made at the amended Conversion Price of $0.075 per share;
4. To extend the maturity date for the Debentures from September 14, 2022 to September 14, 2023

A Management Information Circular ("Circular") containing a detailed description of the Debenture Amendments has been mailed to the Company's Debentureholders of record. The meeting is scheduled to be held virtually and the Company encourages Debentureholders to vote by proxy, in accordance to the instructions provided in the Circular. The Circular has been filed under the Company's profile on SEDAR and is available at www.sedar.com and is also posted on the Company's website at www.1933industries.com/investors/eom-materials

The Board of Directors unanimously recommends that Debentureholders vote in favour of each of the Amendments.

About 1933 Industries Inc.

1933 Industries is a Nevada-based, growth-orientated company, focusing on the cultivation and manufacturing of a large portfolio of cannabis consumer-packaged goods in a variety of formats for both the wholesale and retail markets. Its product offerings include: THC flower, pre-rolls, and extracted products under the AMA and Level X brands for the Nevada market; Canna Hemp™, national cannabidiol (CBD) brand of infused wellness products including CBD tinctures, gummies, topicals and sport recovery products. The Company owns 91% of Alternative Medicine Association, LC (AMA) and 100% of Infused MFG LLC (Infused).