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Friday Night Inc. and MariMed Sign Licensing Agreement for Nevada
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2017/11/03/TGIF-VPGDF-Friday-Night-Inc-and-MariMed-MRMD-Sign-Licensing-Agreement-for-Nevada
Friday Night Inc. (CSE:TGIF) (OTC:VPGDF) (FRA:1QF) announced this morning that it has entered into an agreement with MariMed Advisors, a division of MariMed Inc. (OTC:MRMD).
The agreement is an exclusive licensing deal to produce MariMed's THC products including their unique sublingual “Melts” product line, a THC and CBD “Mints” line, “Kalm Corn” products and the “Betty Eddies” and “Berry Bombs” line of products. MariMed’s Kalm Fusion branded line of cannabis-infused products, are all natural, precisely dosed products that let users select the speed at which cannabis therapies are delivered through the body.
Exclusive Product Licensing Agreement in Nevada
Alternative Medicine Association, a Friday Night company, will, on an exclusive basis, produce and distribute these and other MariMed products using their proprietary processes and distribute these products to all dispensaries in Nevada.
Mark Zobrist, Managing Partner at AMA stated: “We are pleased to partner with MariMed Advisors and to be selected to produce and distribute their very popular line of cannabis infused products. MariMed has a reputation for exact dosing delivered in unique, convenient packages for both medicinal and recreational uses. They are perfect for this rapidly expanding market in Las Vegas and throughout Nevada.“
This is a similar deal to the one that Gilla Inc. (OTC:GLLA) signed with Alternative Medicine Association to launch Gilla's new portfolio of cannabis concentrates in Nevada.
Cultivation LOI
In addition to the exclusive product licensing agreement, Alternative Medicine Association entered into a separate LOI with MariMed on behalf of their client, Harvest Foundation, a Nevada cultivation licensee for medical and recreational cannabis, to operate and manage the 10,000 sq. ft. grow facility which is conveniently located adjacent to the current AMA facility in Las Vegas, Nevada. This provides many logistical advantages to both parties. Under the LOI, AMA will manage the Harvest Foundation cultivation and will purchase all of the trim and flower produced at a fixed cost per pound. The trim will be used to produce oil, some of which will be used to infuse the products manufactured for MariMed and the remaining to be used for AMA products.
Friday Night is pleased to have partnered with MariMed Advisors, allowing AMA to expand their product offering and most importantly, secure a source of additional trim and flower supply in the expanding Nevada market.
Cameron Watt named as Executive Vice President
Friday Night also appointed Mr. Cameron Watt to the position of Executive Vice President. Mr. Watt has over 30 years of successful business negotiation and strategic leadership experience in various industries, with a talent for developing, launching and managing businesses.
A business graduate of the British Columbia Institute of Technology, Mr. Watt focuses on the execution of deliverables, and has played a significant role in the transition of several organizations experiencing rapid growth in highly competitive markets.
UPDATE ON STATE LICENSE AND DISTRIBUTION DEAL 21 JULY 2017
http://thecse.com/sites/default/files/PR210720172.pdf
SECURITIES FILING FOR PRIVATE PLACEMENT OF DEBENTURES 17 JULY 2017
http://thecse.com/sites/default/files/Form917072017.pdf
PRESS REALEASE 14 JULY 2017
http://thecse.com/sites/default/files/PR14072017.pdf
PRIVATE PLACEMENT OF DEBENTURES DEAL 20 JULY 2017
http://thecse.com/sites/default/files/PR10072017.pdf
PROACTIVE INVESTORS STORY (07 JULY 2017)
http://www.proactiveinvestors.com/companies/amp/news/180555
CSE INTERVIEW FOR CANNABIS WEEK (05 JULY 2017)
http://blog.thecse.com/2017/07/05/cse-stockpools-cannabis-investment-challenge-2017-insights-updates/
Looking for 0.75 cents this week.... GO TGIF !!!
Agreed, company needs to share more info like that.
Press release today is the spark we've been waiting for. See you at $2!!
NEW COMPANY LISTING INFORMATION
2017-0611 - New Listing - Friday Night Inc. (TGIF)
June 15, 2017
The common shares of Friday Night Inc. have been approved for listing on the CSE.
Listing and disclosure documents will be available at www.thecse.com
Based in Las Vegas, Nevada, Friday Night Inc. is focused on the production and sales of medical marijuana and innovative cannabis products. The State of Nevada currently regulates and controls medical marijuana, and has announced its intention to do the same for recreational use as early as July, 2017.
The issuer was previously listed on the TSX Venture Exchange as QuikFlo Health Inc.
________________________
L’inscription à la cote de CSE des actions ordinaires de Friday Night Inc. a été approuvée.
Les documents d'inscription et de divulgation seront disponibles sur www.thecse.com
Basé à Las Vegas, au Nevada, Friday Night Inc. se concentre sur la production et la vente de marijuana médicale et de produits novateurs de cannabis. L'État du Nevada réglemente et contrôle actuellement la marijuana médicale et a annoncé son intention de faire de même pour l'utilisation récréative dès juillet 2017.
L'émetteur était déjà inscrit à la Bourse de croissance TSX comme QuikFlo Health Inc.
Issuer/Émetteur: Friday Night Inc.
Security Type/Titre: Common Shares/Actions ordinaires
Symbol(s)/Symbole(s): TGIF
Number of securities issued and outstanding/ Titres émis et en circulation: 130 337 210
Number of Securities reserved for issuance/ Titres réservés pour émission: 16 657 399
CSE Sector/Catégorie: Diversified Industries/Sociétés diversifiées
CUSIP: 358367 10 0
ISIN: CA358367 10 0 1
Boardlot/Quotité: 500
Trading Currency/Monnaie de négociation: CDN$/$CDN
Trading Date/Date de negociation: June 16, 2017/ le 16 juin 2017
Other Exchanges/Autres marches: N/A
Fiscal Year end /Clôture de l'exercice financier: July 31/Le 31 juillet
Transfer Agent/Agent des transferts: TSX Trust Company
Consolidation ratio/Taux de regroupement : 1 new for 2 old/1 action par tranche de 2 actions
Fractional Entitlement/Fractions d'action : All fractions of post-Consolidation common shares will be rounded up.
NEW PRESS RELEASE 07 JULY 2017
https://marketexclusive.com/alternative-medicine-association-reaches-record-sales/2017/07/
PRESS RELEASE 04 JULY 2017
734, Dunsmuir St., Vancouver, B.C., Canada, V7X 1B1 CSE: TGIF
Friday Night Pleased With The Reception of Adult-Use Cannabis in Nevada
Calgary, Alberta – July 4th, 2017 – Friday Night Inc. (the "Company") (CSE:TGIF) (FRANKFURT:1QF) is
pleased to provide an update on the State of Nevada becoming the 5th US State to introduce adult-use
cannabis just days ago on July 1st, 2017.
Green fireworks lit up the Las Vegas sky at midnight as reported by CNN, CBS and others. Nevada now
allows adults 21 and older to purchase and possess up to one ounce of cannabis after the new law was
approved by voters in November of 2016. An estimated two thirds of all purchases will come from
tourists visiting the state.
Several reports suggest that many of the 44 licensed retail outlets in Nevada had "customers lined up
around the corner," with 39 of those locations being right in the city of Las Vegas, where the Company’s
asset, Alternative Medicine Association is located. Nevada now joins Alaska, Colorado, Oregon and
Washington with a new recreational law and regulation for adult-use cannabis. There are currently 29
states with a medicinal program in place already, and more expected soon. Colorado alone represented
over one billion dollars in sales in 2016, which generated over two hundred million dollars in tax revenue
for the state. It also created over 18,000 full-time jobs there last year alone and sales continue to grow
at over 30% per year. We feel the Company is very well positioned with Nevada being a very highly
anticipated new market.
State Senator, Tick Segerblom, considered to be the "godfather of the marijuana movement" in Nevada
considers the new legal cannabis market to be the most heavily regulated industry in the whole state,
expected to generate well over $60 million in tax revenue over the next two years. The proceeds from
the 15% cultivation tax on all cannabis products in the state will go toward schools, and a 10% tax
collected from recreational cannabis sales will go toward a rainy day fund for the state.
Mr. Mark Zobrist, director of Alternative Medicine Association, LC, the Company’s 91% subsidiary,
commented, "We expected a good turnout to kickoff the July 1 adult-use celebration, but lines were still
exceeding 100 people, 6 hours later at some locations. We were making deliveries to stock retail stores
until 11pm Friday night. Our grower commented that at this rate the state could be out of cannabis by
the end of the month."
About Friday Night Inc. and its subsidiary Alternative Medicine Association, LC
Friday Night Inc. is a Canadian public company which owns and controls both hemp and cannabis based
operations in Nevada with plans to expand both within and outside of the state. Through its recently-
acquired subsidiary, Alternative Medicine Association, LC, the Company owns and operates a licensed
medical marijuana cultivation and production facility in Las Vegas, Nevada and produces its own line of
cannabis-based extracts including shatter, live resin, wax and oils including vape oils, flavored vape oils,734, Dunsmuir St., Vancouver, B.C., Canada, V7X 1B1 CSE: TGIF
terpene enhanced oils, and clear distillates and manufactures other third-party brands of similar
products.
For more information, please contact:
Joe Bleackley
604-674-4756
Joe@FridayNightInc.com
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. This news
release includes forward-looking statements in respect to assumptions in market size. 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. The Company disclaims any obligation to update forward looking
information contained herein, except to the extent required by law.
734, Dunsmuir St., Vancouver, B.C., Canada, V7X 1B1 CSE: TGIF
Friday Night Updates On Recreational License and State of Affairs in Nevada
Calgary, Alberta – June 28th, 2017 – Friday Night Inc. (the "Company") (CSE:TGIF) (FRANKFURT:1QF) is
pleased to provide on update on the Company’s recreational license, as well as an update on the current
landscape in Clark County, Nevada, as it relates to the proposed July 1st, 2017 roll-out of adult-use
cannabis.
Brian Sandoval, the governor of Nevada has already included $70 million dollars in projected revenues
from the new taxes on both medical and recreational marijuana this fiscal year. To accelerate those
revenues, the State and local governments have worked tirelessly to begin new recreational sales by July
1st, 2017. Friday Night has applied to the State and received its conditional approval to cultivate and
process recreational marijuana effective July 1st, 2017. The Company has also submitted its business
license application and is waiting for an appointment with the zoning department in Clark County as the
final step to receive its recreational permits.
The language in the original statute required that only licensed wholesale alcohol distributors could
transport the recreational marijuana from the cultivator to the dispensary. The State determined that
there would not be enough alcohol distributors to meet the demand for recreational transportation and
initially ruled that existing medical marijuana entities could also transport their own product to market.
The alcohol distributors sued to block the State’s decision. On Tuesday, June 20th, the judge sided with
the alcohol distributors and ruled that only alcohol distributors could be licensed to transport
recreational marijuana. The State immediately approved the 5 alcohol distributors who had applied to
transport the recreational marijuana. Since they have not handled this specific product before, they are
now scrambling to get their facilities and equipment qualified to be ready by July 1st. There may be
minor deficiencies in meeting the initial surge in demand for getting product from the cultivators to the
dispensaries but it will be ironed out and the flow will be handled as it has in other States that have
done similar. The Company does not anticipate any problems or significant delays. The Company
continues to produce high quality flower and extracts and looks forward to the projected increase in
revenues from recreational sales.
Mr. Mark Zobrist, director of Alternative Medicine Association, LC, the Company’s 91% subsidiary,
commented, “This is a tremendous opportunity for the Company. To be in Las Vegas and witness the
beginning of adult use of cannabis, combined with the already strong demand for medicinal purposes, is
very exciting. The local and State officials are to be congratulated for staying the course and doing it in a
tightly regulated, professional manner.”
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