1933 Industries cancels vote to amend 10% convertibles due 2021

By Marisa Wong

Los Angeles, Aug. 16 – 1933 Industries Inc. said it has decided not to pursue the previously announced amendment to its 10% senior unsecured convertible debentures due Sept. 14, 2021.

The company has cancelled the related extraordinary general meeting of shareholders scheduled for Aug. 28, according to a Friday press release.

Shareholders were originally to vote on an amendment allowing payment of interest through the issuance of common shares or in cash at the company’s discretion.

Payment of interest will be made in cash, the company said.

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

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