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Friday Night Inc. Enters into a Land Purchase Agreement

Vancouver, British Columbia (FSCwire) – Friday Night Inc. (Friday Night) (CSE: TGIF) (FWB: 1QF) (OTC: VPGDF) is pleased to announce that it has entered into a land purchase agreement in Nevada.

Friday Night Inc. Enters into a Land Purchase Agreement

Vancouver, British Columbia (FSCwire) – Friday Night Inc. (Friday Night) (CSE: TGIF) (FWB: 1QF) (OTC: VPGDF) is pleased to announce that it has entered into a land purchase agreement in Nevada.

Friday Night Inc. has entered into an agreement to purchase 1.39 acres of land in unincorporated Clark County for $432,000 (USD).  The parcel is zoned M-1 and includes several site improvements including a 33,000 sq. ft. footprint for a building with footings already poured and in the ground, full perimeter security fences, water hook-ups for the full sprinkler system throughout the future warehouse and 2,000 amps of power.  In addition, the Company has now secured an estimate from NV Energy to provide an additional 4,000 amps of power, which would support a two-story cultivation of up to 66,000 sq. ft. of canopy.   All documents have been signed and the escrow has been opened with a $25,000 (USD) earnest money deposit.  The terms provide for a closing within 85 days or sooner.  Plans are being reviewed and revised for an updated cost estimate, which will be ready within 2 weeks.

 

John Goss, President, FN Management Services, a wholly owned subsidiary of Friday Night Inc. stated, “This property is a perfect fit to host one or more of Alternative Medicine Association’s cultivation licenses and it allows us to be in operation in a short period of time.  Most offsites are already installed at the property, the building plans were submitted but will now be revised to our specifications.  We are truly excited to expand our cultivation and production capabilities to meet the growing demand for our and our strategic partners’ brands which are being so well accepted in this recreational and medical cannabis market.”

 

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.

 

Source: Friday Night Inc (CSE:TGIF, FWB:1QF)

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