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
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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.