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Friday Night strikes land purchase deal, raises US$5 million

Stockhouse Editorial
0 Comments| January 2, 2018

Friday Night Inc. (CSE: TGIF, OTCQB: TGIFF, Forum) said Tuesday it has entered it land purchase agreement to acquire an additional 2.78 acres of land connected to the location that will host Alternative Medicine Association’s new cultivation facility in Las Vegas, Nevada.

“This will allow Friday Night to expand its cultivation center in phases and can accommodate an additional 150,000 square feet of cultivation space as more supply is needed in the rapidly expanding Las Vegas market,’’ said Jon Goss, President of the company’s wholly-owned subsidiary in Nevada, FN Management Services.

The company also said that approximately $5 million has been raised over the past two months through the exercise of existing warrants, most of which were exercised at $0.30.

More information can be found here.

Friday Night was in the news recently when the company said it had signed a letter of intent to acquire Body and Mind Inc. (CSE: BAMM, OTC: BMMJ, Forum) in an all stock acquisition worth $115,000.

With approximately 130,000 square feet of facility projects under development, the merged company will be among the largest cultivation and production companies in Nevada.

Body and Mind was an early stage applicant in 2014 and was awarded one of the first state of Nevada medical marijuana licenses for both cultivation and production.

It produces flower, oil extracts and edibles in its current facility and expects with in the latter part of 2018 to be managing operations in facilities providing approximately 50,000 square feet.

FULL DISCLOSURE:  Friday Night Inc. is a paid client of Stockhouse Publishing.


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