1933 Industries seeks to amend 10% convertibles due 2021

By Rebecca Melvin

New York, Aug. 2 – 1933 Industries Inc. is seeking to amend its 10% senior unsecured convertible debentures due Sept. 14, 2021 to allow payment of interest through the issuance of common shares or in cash at the company’s discretion.

To that end, the company has scheduled an extraordinary general meeting of shareholders on Aug. 28 to vote on the proposed amendment, according to a news release.

The company also announced that its chief operating officer, Joe Bleackley, has stepped down, effective immediately.

The company also said it has retained Renmark Financial Communications Inc. to augment its investor relations activities and will be paying up to C$8,000 per month for the firm’s services starting Aug. 1.

1933 is a cannabis company based in Vancouver, B.C.

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