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Friday, August 25, 2017 8:57:59 AM
https://finance.yahoo.com/news/friday-night-inc-enters-land-070500781.html
Aug 24th, 2017
FRIDAY NIGHT INC. ENTERS INTO A LAND PURCHASE AGREEMENT
We are pleased to announce that we have entered into a land purchase agreement in Las Vegas, 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. The foundations are already poured and in the ground. We are truly excited to expand our cultivation and production capabilities to meet the growing demand for our and our strategic partners"
For further information, please contact:
Joe Bleackley
604-674-4756 (ext.1)
Joe@FridayNightInc.com
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