1933 Industries (CSE: TGIF) (OTCQX: TGIFF) is on the move executing its CBD brand distribution strategy.

In a statement, the company said that it reached more than 800 retail outlets with its premium Canna Hemp brand of wellness products, with coast-to-coast distribution in the U.S.

1933 Industries owns licensed medical and adult-use cannabis cultivation and production assets, hemp-based, CBD infused branded products, CBD extraction services and a specialized cannabis advisory firm.

Expansion

1933 Industries is focused on the expansion of its brands with a growing and diverse distribution footprint, including licensed cannabis dispensaries, CBD-only dispensaries, health and wellness and smoke and vape stores throughout 46 states.

More than 200 mainstream outlets carry the Canna Hemp brand, which appeals to wellness-conscious consumers looking for alternative products. The custom formulated Canna Hemp portfolio offers over 70 agricultural hemp-based, CBD infused products with a range of specific effects, according to the company

“We have been extremely successful at building our own distribution channels across the country, which is now one of the largest networks of CBD and a key differentiator of our company.  Our integrated approach to the market is attractive to potential third-party partners as we control cultivation, extraction, manufacturing, marketing, sales, branding and wide distribution, and later this year, CBD processing,” 1933 Industries President Ms. Ester Vigil stated.

Leading cannabis researchers BDS Analytics and Arcview Market Research estimate that CBD sales will hit $20 billion in the U.S. by 2024.