27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
1933 Industries Inc. (CSE:TGIF) (OTCQB:TGIFF) touted a sales milestone for the first month of 2021.
The cannabis consumer packaged goods company disclosed that total sales and open orders amounted to CA$1.4 million ($1.09 million).
January was also fruitful for 1933's cultivation subsidiary, Alternative Medicine Association, which saw its strongest monthly sales to date. This came on the heels of the company's launching branded cannabis flower and pre-rolls in late August.
Over the year, AMA's sales increased by 113%.
The Vancouver-based company also said it remained dedicated to scaling up production at its Las Vegas cultivation facility.
AMA is also poised to expand its 161 branded SKUs portfolio by introducing three new pre-roll multipacks and one gram flower jars.
Ryan George, Director of Cultivation, praised AMA's "excellence in cultivation, production, quality, and safety," pointing out that it's the "core of what we do."
"Our seed to sale craft-style grow permeates the entire operation, from cultivation and harvest to hand trimming and input material for our high-purity, ultra-refined concentrates," he said.
1933 CEO Paul Rosen said the company is boosting cultivation as well as branding in expectation for a saleable flower to "remain the largest cannabis category."
According to its latest earnings report, the company's revenue amounted to approximately CA$2.7 million ($2.1 million) for the first quarter.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!