Today the state ordered all nonessential business to close for 30 days as authorities desperately bid to contain the coronavirus outbreak. COVID-19 has now killed at least 115 Americans and more than 7,500 people have been infected across the country.
Bars and restaurants have shut their doors and citizens are isolating themselves as the authorities try to stem the spread. However, cannabis operators and licensed dispensaries are considered essential businesses in Nevada, so operations will continue at 1933 Industries’ production and processing facility.
The firm’s second harvest in the Silver State remains on schedule for the end of March. The company has promised to continue upholding the strictest standards in cleanliness and hygiene, while monitoring the evolving coronavirus situation.
“Our utmost priority is to ensure the health and well-being of our employees, partners and customers and we are taking the recommended steps to mitigate the risks of spreading the disease,” said chief executive Chris Rebentisch.
1933 has proprietary Alternative Medicine Association and Canna Hemp brands, and it works with various licensing partners in the state. It said it would continue to mitigate risks, create a safe environment and provide the “absolute best cannabis products in the market”.
The U.S. cannabis industry has been hit by store closures in certain states, but many dispensaries have reported record sales as consumers stockpile in preparation for a coronavirus lockdown. 1933 Industries has established itself as a leading multi-state operator in Nevada, Colorado, and California, and it aims to continue serving customers in the weeks and months ahead.
Last month, the British Columbia-based company announced its first California harvest. Rebentisch laid out plans to lower the cost of production in order to increase profitability in Nevada and California.
1933 Industries is a market awareness client of Capital 10X.
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