VANCOUVER, July 24, 2018 /CNW/ - Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF), and its subsidiary, Infused MFG., are pleased to announce the receipt of an 'Industrial Hemp Handler Conditional Certificate', allowing the Company to move forward with its proposed hemp processing facility ("CBD Isolate Lab") in Las Vegas, Nevada.
The Company announced on June 6th that its newly-purchased production building would house a separate CBD Isolate Lab to process hemp biomass into CBD extracts, to be utilized in the production of full spectrum oils, distillates and isolates. The Industrial Hemp Handler Certificate was issued by the Nevada Department of Agriculture (NDA) Industrial Hemp program, conditional until final Fire Inspection and Health Authority documentation has been submitted before processing begins. Architectural plans are now being finalized for the building retrofit and rezoning applications have been submitted.
"Obtaining the Industrial Hemp Handler Certificate is an important milestone in the process of establishing the CBD Isolate Lab, which we expect to be operational this fall", commented Mr. Chris Rebentisch, CEO of Infused MFG. "Wholesale hemp-derived CBD extracts is an exciting new business vertical with significant revenue potential." Further updates on this project will be announced as available.
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.
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.
For further information: Alexia Helgason, Corporate Communications, 604-674-4756 (ext. 1), [email protected]; Brayden Sutton, Director/President & CEO, 604-674-4756 (ext. 1)