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1933 Industries urges debenture holders to convert debt to stock by Dec. 22, 2025, to avoid non-payment.
1933 Industries has issued a final reminder that holders of its 2024 unsecured convertible debentures must submit conversion instructions by December 22, 2025, to convert before the debt matures on December 31.
The company cannot repay the debt in cash due to liquidity constraints and encourages conversion into common shares and warrants exercisable at $0.05 per share until December 2028, with accrued interest paid in shares.
The move aims to strengthen the balance sheet and support long-term operations.
The Nevada-based cannabis producer, operating under the AMA brand, continues to focus on improving liquidity and efficiency amid challenges in the U.S. cannabis market.
1933 Industries insta a los tenedores de obligaciones a convertir la deuda en acciones antes del 22 de diciembre de 2025, para evitar el impago.