1933 Industries Inc. (CNSX:TGIF) entered into a binding letter of intent to acquire Day One Beverages, Inc. on January 14, 2022. Pursuant to the transaction, 1933 Industries will acquire Day One in an all-stock transaction via the issuance of an aggregate of 55,000,000 shares of common stock of 1933 Industries. 45,200,000 shares will be issued at closing and the balance of 9,800,000 shares will be issued subsequent to closing in quarterly installments.

In addition, the vendors will be eligible to receive up to a further 27,500,000 share purchase warrants of the Company, exercisable at a price of $0.0545 (USD) per share based on the achievement of certain gross revenue milestones over a period of 30 months following the closing of the transaction. The transaction is subject to regulatory approval and is expected to close on or around January 31, 2022.