Vancouver, British Columbia (FSCwire) - Friday Night Inc. (Friday Night) (CSE: TGIF) (FWB: 1QF) (OTC: TGIFF) is pleased to announce that Alternative Medicine Association (“AMA”) has signed a production contract to produce high-grade concentrates for a major dispensary chain in Nevada.
The contract specifies:
- The Nevada dispensary chain will supply trim as the raw material to AMA, who will then extract and process the materials into high grade concentrates
- The dispensary will provide a minimum of 100 pounds of trim each month to AMA
- The raw material is subject to third party testing to ensure only the highest quality ingredients are used to make the finished concentrates
- AMA estimates they will produce over 20,000 half-gram units every month
- The finished products will be packaged and co-branded with AMA branding
AMA’s head of extraction commented: "We have the lab and the expertise, so this agreement fits our business operations perfectly in an environment where raw material is in short supply."
The first batch of raw material (trim) has been delivered to AMA, weighed more than 150 pounds and tested showing excellent results.
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.
For further information please contact:
Joe Bleackley, Corporate Communications
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, inability to attract new customers in Nevada as a result of the license, the inability of the Company to take advantage of the license arrangement and 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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