VANCOUVER, March 6, 2018 /CNW/ - Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF) is pleased to announce the closing of its previously announced land purchase agreement.
The Company reports that it has closed on the purchase of an additional 2.78 acres of land which is contiguous to the current location that will host Alternative Medicine Association's ("AMA") new cultivation facility. AMA now owns 4.17 acres of land on a major thoroughfare in Las Vegas which includes the original plot of 1.39 acres that has already received a special use permit for cannabis cultivation and a building permit for its future, state-of-the-art 67,000 sq. ft. cultivation facility.
"The additional land will allow for future expansion of the cultivation facility as well as a new production facility when needed. It could also be used as the location for a retail dispensary license application if the Company decides to apply when that window opens again. This acquisition gives us a strategic advantage and flexibility for our long-term plans to meet the market demand as it grows," said Mark Zobrist, Managing Partner of Alternative Medicine Association.
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 as well as an international cannabis and mining security logistics consulting firm. 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. The Company's wholly-owned subsidiary, Spire Secure Logistics is a leading provider of customized security programs, compliance, information technology, buildout design, and due diligence services for the legal cannabis, mining and investment sectors. Friday Night Inc. is focused on strengthening and expanding its current operations.
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 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.
SOURCE Friday Night Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/March2018/06/c6599.html
News Provided by Canada Newswire via QuoteMedia