Friday Night Inc. (the “Company”) (CSE:TGIF) (FRANKFURT:1QF) is pleased to provide a progress update on the Nevada expansion and construction process for its subsidiary, Alternative Medicine Association (AMA).
AMA has received the approval of the Nevada Clark County’s Sunrise Manor Town Advisory Board on its proposed construction of a commercial building for cannabis cultivation under the Planning and Zoning Design Review. This planning and zoning matter approved at this meeting is now forwarded to the Board of County Commissioners (BCC) for final action at their November 8th, 2017 meeting.
This specific milestone shows a positive and welcoming acceptance at the local level to AMA’s building expansion for its new cultivation center. The final step in the Land Use Application for this site will be the scheduled item on the November 8th agenda.
Mark Zobrist, Manager of AMA, stated, “Once we obtain the County Commissioners approval on November 8th, we will finalize the land purchase and anticipate beginning actual construction by mid November. This is a significant advancement of this project.”
In addition to the above, Alternative Medicine Association has submitted and received the necessary building permits to begin construction once the final approvals are in place. John Goss, President, stated “By transferring the old building permit number, we have effectively shortened the start up time by at least 3 months. If all goes as expected, we anticipate completing the first 33,000 sq. ft. of new cultivation space by May of 2018. In a market with short supply, this will result in a significant increase in sales.”
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
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.
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