Vancouver, British Columbia (FSCwire) - Friday Night Inc. (“Friday Night” or the “Company”) (CSE: TGIF) (FWB: 1QF) (OTC: VPGDF) announces audited year-end financials for the year ended July 31, 2017.
In the 4th quarter the Company rapidly transitioned from its Las Vegas acquisition on June 15th 2017, and recorded its first revenues. The Company recognized CAD $1,030,297 of revenue in the last 6 weeks of the 4th quarter, with gross profits of CAD $230,714. Friday Night is building on these initial results and looks forward to announcing its first quarterly financial results in mid-December 2017.
President and CEO, Brayden Sutton commented; “We are very pleased to report these revenues for our first 6 weeks of business as Friday Night Inc., thanks to the exceptional performance of the teams at AMA and Infused. We look forward to reporting our continued success and growth milestones to our shareholders.”
The financial statements and related management's discussion and analysis ("MD&A") can be viewed on SEDAR at www.sedar.com.
About Friday Night Inc.
Friday Night Inc. is a Canadian public company, which owns, and controls cannabis and hemp based assets in Las Vegas Nevada. The company owns 91% of Alternative Medicine Association, LC (AMA), a licensed medical and adult-use cannabis cultivation and production facility that produces its own line of unique cannabis-based products and manufactures other third-party brands. Infused MFG, also a 91% owned subsidiary, produces hemp-based, CBD products, thoughtfully crafted of high quality organic botanical ingredients. Friday Night Inc. is focused on strengthening and expanding these operations within and outside of the state. Visit http://fridaynightinc.com
For further information please contact:
Joe Bleackley, Corporate Communications
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 various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com. Friday Night 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 or the Canadian Securities Exchange.
Source: Friday Night Inc (CSE:TGIF, OTC Pink:VPGDF, FWB:1QF)
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