Alternative Medicine Association (“AMA”) and Infused MFG (“Infused”) reported combined sales in July of $1.6M CAD, a 362 percent increase over July 2017. This record month of sales comes at the same time the company celebrates its first year anniversary.
AMA’s cannabis flower sales contributed 35 percent, while sales of concentrates generated 65 percent of AMA’s revenues. Infused’s line of CBD products contributed 85 percent of sales, while 15 percent relates to its expanding hemp-based line. Sold in State-licensed dispensaries and retailers, AMA and Infused products continue to see increased sales and market share.
“The increased sales of both medicinal and adult-use cannabis and CBD products are a result of improving efficiencies and processes in our current facilities while we await completion of our expansion projects. The Nevada market continues to demand high quality, well branded products like ours, and we are working diligently to increase our footprint and expand our product line over the coming months,” said Mr. Chris Rebentisch, Head of US Operations and Founder of Infused.
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 Global Strategy 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.
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