Latest news with #MIPA
Miami Herald
7 days ago
- Business
- Miami Herald
1933 Industries To Complete Purchase of 9% Interest of Cultivation and Production Subsidiary
VANCOUVER, BC / ACCESS Newswire / May 22, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTC PINK:TGIFF), a Nevada-focused cannabis cultivator and producer, is pleased to announce that the Membership Interest Purchase Agreement (the "MIPA") entered into by its wholly owned subsidiary, FN Pharmaceuticals, and Mr. Caleb Zobrist (the "Seller") to acquire his nine percent (9%) of the issued and outstanding membership interests of Alternative Medicine Association LC ("AMA") has been amended (refer to news release dated April 8, 2024). Under the amended terms of the MIPA, the purchase price (the "Purchase Price") for the Membership is a total of USD$50,00, payable to the Seller USD$25,000 in cash and USD$25,000 through the issuance of shares of common stock of 1933 Industries (the "Shares"). The final number of Shares to be issued to the Seller is 5,503,450 as determined via the 10 day VWAP price of the Shares on November 27, 2024, being the date the transactions contemplated by the MIPA (the "Transaction") were approved by the Nevada Cannabis Compliance Board. The Shares are subject to a hold period in Canada expiring on October 1, 2025. Additional restrictions will apply pursuant to the Securities Act of 1933, as amended. The parties have set the closing date for the Transaction as May 30, 2025. With the completion of the MIPA, FN Pharmaceuticals owns 100% of the membership interest in AMA, the Company's cultivation and production subsidiary. As Mr. Zobrist was a senior officer of the Company at the time the MIPA was entered into, he is a "related party" to the Company within the meaning of Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As such, the transaction constitutes a "related party transaction" within the meaning of MI 61-101. The Company intends to rely on exemptions from formal valuation and the minority shareholder approval requirements of MI 61-101 found in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction does not constitute more than the 25% of the Company's market capitalization. About 1933 Industries Inc. 1933 Industries is a Nevada-based licensed wholesale producer, focused on the cultivation and extraction of a large portfolio of cannabis consumer products in a variety of formats under its flagship brands, Alternative Medicine Association (AMA) and Level X. Its product offerings are cultivated at the Company's 68,000 sq. ft. indoor facility and marketed directly to retail dispensaries. AMA branded flower, infused pre-rolls, and in-house boutique concentrates consistently rank as the top products sold in Nevada. For more information, please visit For further information please contact:Alexia Helgason, VP, Investor Relations 604-728-4407alexia@ Brian Farrell, Chairman and CEObrian@ Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. SOURCE: 1933 Industries Inc.
Yahoo
05-05-2025
- Yahoo
May 5 marks Missing & Murdered Indigenous Women Day
Nationwide, there were 5,487 cases of missing Indigenous women and girls reported missing in 2024. That number is just reported cases and is likely much higher. Today, May 5, marks Missing & Murdered Indigenous Women Day. Washington state launched its Missing Indigenous Person Alert (MIPA) system in July of 2022. It adds a specific designation to missing people alerts, like an AMBER Alert (missing children), SILVER Alert (missing seniors) and Endangered Missing Person Alert (missing vulnerable adults). This alert system was the first of its kind in Washington state. According to Washington State Patrol (WSP), since the MIPA was introduced, WSP has issued 154 at the request of law enforcement agencies. Of those 154, five people were found dead and 139 were located alive. It should be noted that since MIPA is such a new alert, it's hard to put that statistic into perspective for 2025 since it wasn't a number that was always tracked officially, WSP said in an email to KIRO 7. 'The best thing to come from the MIPA has been the awareness it has brought to this situation,' said Mary Jo Margeson, the program manager for the Missing and Unidentified Persons Unit with WSP. Not every missing person qualifies for the various missing persons alerts, including MIPA, in the system. The criteria for the system to be activated, according to WSP: An Indigenous person is missing due to unexplained, involuntary, or suspicious circumstances and/or is believed to be in danger because of age, health, adverse weather, or other circumstances and is believed to be unable to return to safety without assistance. There is enough descriptive information available that could reasonably assist with the safe recovery of the person such as: photos, height, weight, age, hair color, distinguishing physical characteristics, clothing, etc. The incident has been reported to and is being investigated by law enforcement. If there is a vehicle associated with the disappearance, the information on make, model, color, license plate number, etc., will allow the Washington State Department of Transportation (WSDOT) to post the information on electronic signs along highways. Once an MIPA is activated, all Washington law enforcement will be notified of the missing person. News outlets are notified and can disseminate the information, too. Both federal and tribal statistics found that Indigenous women are two times more likely to be raped and three times more likely to be murdered compared to Caucasian woman. The National Criminal Justice Training Center found that Indigenous women are 10 times more likely to be murdered than all other ethnicities. On top of those statistics, there have historically been obstacles in the way of getting justice for this group of people. There are frequently issues of jurisdiction involving tribal land and municipal locations, and oftentimes, crimes against these women are not prosecuted for one reason or another. Another challenge, according to the Urban Indian Health Institute, a division of the Seattle Indian Health Board, is lack of records/access to records and racial misclassification regarding missing Indigenous women. 'Though there are critical issues regarding jurisdiction of MMIWG cases on reservation and village lands, lack of prosecution, lack of proper data collection, prejudice, and institutional racism are factors that also occur in urban areas,' according to a 2018 report from the UIHI. That same report also found that Seattle had the highest number of missing and murdered indigenous women and girls cases of 71 cities studied across the U.S. You can find a list of all reported missing Indigenous people in Washington state here. In the 2023 legislative session, the Washington Legislature extended the work of the Washington State Missing and Murdered Indigenous Women and People Task Force after it was established in 2021. The Task Force aims to address issues like collecting data, law enforcement training, and executing actionable changes. A final report is due by June 1, 2025.
