Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
1933 Industries Inc. is a Vancouver, Canada-based cannabis company engaged in the cultivation and production of cannabis products throughout the United States and Canada. The firm develops, packages, and markets an extensive range of cannabidiol (CBD)-infused items, catering to both the medical and recreational cannabis sectors. Under its Canna Hemp and Canna Hemp X brands, these CBD offerings include tinctures, vape pens, cartridges, topical lotions, pain creams, gummies, and capsules. Beyond CBD, the company also supplies traditional cannabis flowers and concentrates. Consumers can acquire its CBD-infused products via retail dispensaries, other retail establishments, and its dedicated e-commerce platform. The company officially changed its name from Friday Night Inc. to 1933 Industries Inc. in September 2018.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is underpriced on P/E, undervalued on P/FC.