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almost 8,000 views in 7 hours
1933
interesting update
1933 Industries CEO Appointed as Chairman of the Board, Issuance of Bonus Shares and Investor Relations Contract
1933 Industries is pleased to report that Mr. Brayden Sutton has been appointed Chairman of the Board of Directors, in addition to his current positions of President and Chief Executive Officer.
Issuance of Bonus Shares
The Company announces that the Board of Directors has approved the issuance of 200,000 common shares of the Company (the “Bonus Shares“) to Mr. Brayden Sutton, at a deemed price of $0.50 per Bonus Share in lieu of a cash bonus payment for 2018. The Bonus Shares will be subject to a hold period expiring on September 8, 2019.
Investor Relations Contract
The Company also announces that it entered into a consulting agreement with Westmount Capital (“Westmount”) to provide European investor relations services, commencing on May 1, 2019, for a 6-month term ending on October 31, 2019, and will be automatically renewed for another 6-month period unless terminated with due notice by either party. Investor relations services include introducing the Company to institutional investors, fund managers and family offices in Europe and the general promotion of the Company. Westmount will be granted 100,000 incentive stock options, exercisable in whole or in part on or before 2024 at an exercise price of $0.55 per share, subject to certain vesting requirements.
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Christian Bale - Lady Gaga - 1933
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May 28, 2018 8:30 AM
Friday Night Inc. Signs Licensing Agreement with Poker Champion Scotty Nguyen
CSE: TGIF
FWB: 1QF
OTC: TGIFF
VANCOUVER, May 28, 2018 /PRNewswire/ - Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF), a leading cannabis, hemp and CBD producer in Nevada, and its subsidiary, Infused MFG, are pleased to announce a one-year licensing agreement (the "Agreement") with professional poker player, Mr. Scotty Nguyen, for the launch of Canna Hemp? branded products co-marketed under his name.
The Agreement includes the launch of two CBD-infused products created with a special blend of terpenes selected for their acute mental concentration properties: Scotty Nguyen"Focus Baby" Disposable Vape Pen and "Focus Baby" Elixir. These products will be unveiled on Tuesday, May 29th, 2018, to coincide with the 49th Annual World Series of Poker taking place in Las Vegas, Nevada, and will be sold through current dispensaries, retail stores and online at www.focusbabycbd.com.
"We are pleased to have the endorsement of poker legend Scotty Nguyen. Partnering with Scotty opens a new market vertical for Canna Hemp? CBD products with a target audience not only at the WSOP but for anyone desiring innovative, all natural health solutions", said Mr. Chris Rebentisch, President and CEO of Infused MFG. "We are witnessing increasing demand for our Canna Hemp? products in both Nevada and California, where Canna Hemp? is now carried in more than 30 Californian dispensaries alone", he added.
Mr. Thu?n B. "Scotty" Nguyen is the first and currently only player to win both the WSOP Main Event and the Players' Championship. He is a five-time World Series of poker (WSOP) bracelet winner, most notably as the winner of the 1998 World Series of Poker Main Event and the 2008 World Series of poker H.O.R.S.E. World Championship.
"I am very excited about the release of the "Focus Baby" Elixir and CBD Vape pen with Canna Hemp?. I love to be a part of something that I believe in and can attest to its effectiveness," commented Mr. Nguyen. "I have seen a marked difference in myself while using the Canna Hemp? products, especially the "Focus Baby" line. I've got big goals this year and the "Focus Baby" CBD will definitely help me reach those goals."
About Canna Hemp? "Focus Baby"
With a special blend of terpenes selected for their acute mental concentration properties, the Focus Baby CBD vape pen and elixir are the only products endorsed by "The Prince of Poker" Scotty Nguyen to give him an extra edge when he wants to go all-in. The pre-loaded, disposable, THC-free Focus Baby pen includes mood-boosting Limonene, memory aid a-Pinene, and increased mental and physical energy from Eucalyptol and has enticing hints of grapefruit, followed by an earthy aftertaste for an enjoyable and stimulating experience when the chips are down.
Friday Night Reports Strong Revenue Growth in Path to Profitability -- CFN Media SEATTLE, April 04, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Friday Night Inc.'s (CSE:TGIF) (CNSX:TGIF) (TGIF.CN) (OTCQB:TGIFF) recently reported financial results and the implications of the company’s revenue growth. The cannabis industry is expected to surpass $50 billion by 2026, according to Cowen & Co., driven by the legalization of adult-use and medical cannabis in a growing number of states. In addition to California, Nevada has become one of the most promising states that has legalized adult-use cannabis given its enormous tourism industry. Investors looking for exposure to the market should look no further than Friday Night. Friday Night is a majority-owner of the first licensed cultivation facility in the Las Vegas area, Alternative Medicine Association (AMA), as well as a developer of hemp and cannabidiol (CBD) infused product maker, Infused Mfg. The diversification between cannabis cultivation and hemp-based CBD products helps expand revenue streams and reduce risk, while its presence in Nevada targets one of the country’s largest recreational markets. Strong Revenue Growth Friday Night has seen significant revenue growth from its AMA and Infused Mfg businesses, which sets it apart from many other development-stage cultivators. During the fiscal second quarter, the company announced a 20.2 percent sequential increase in revenue from $2,464,487 to $2,962,699 with six-month sales reaching $5.4 million. It’s worth noting that these revenue increases came despite November and December being very slow months for Las Vegas tourism. Management anticipates that revenue will move higher in future periods as tourism ticks up and the market matures. Infused Mfg. experienced the fastest growth rate at 45 percent as it expanded both its product lines and target markets, while Alternative Medicine Association’s growth rates were in-line with management expectations at ten percent over the quarter. Management anticipates that AMA’s revenue is poised to grow significantly after the new cultivation facility comes online given the Nevada market’s chronically short cannabis supply. On the bottom line, gross profits reached $1,579,127, representing attractive gross margins of about 53.3 percent, while the company’s balance sheet remains robust with $15,753,139 in cash and cash equivalents. These cash reserves provide ample buying power to complete future acquisitions and build out its new cultivation facility in Nevada, while strong profit margins pave the way towards profitability over the coming years. Setting the Stage Friday Night’s priority is the construction of its new 67,000 sq. ft. building to achieve higher production. After acquiring the land and securing zoning approval, the company is awaiting final plan approval from the county. Management had originally planned to have the new building operational by now, but regulatory delays and changes to the plans (from a one-story 35,000 sq. ft. facility to a two-story 67,000 sq. ft. facility) have delayed construction. The company has also made progress in building new revenue streams: On November 3, 2017, the company reached an exclusive agreement with MariMed Advisors to produce 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. Under the agreement, AMA produces these products and distributes them to all dispensaries in Nevada. On December 6, 2017, the company announced that AMA signed a production contract to produce high-grade concentrates for a major dispensary chain in Nevada. In the fiscal third quarter beginning January 1, 2018, the company acquired a new wholly-owned subsidiary, Spire Secure Logistics Inc., which is a Canadian firm specializing in security, intelligence, and compliance with international clients. The acquisition enables the company to generate significant cash flow potential that is not constrained by local government regulations, but still benefits from the rapidly growing cannabis sector. Management also continues to look at various acquisition targets to augment its current operations, both within and outside of Nevada. It has entered into numerous LOIs that did not close as management determined these acquisitions either did not meet its stringent specifications or the asking price was not justifiable. This includes the LOI to acquire Body & Mind Inc. in an all-stock transaction that was terminated on February 21, 2018. Looking Ahead Friday Night Inc. (CSE:TGIF) (OTCQB:TGIFF) represents a compelling investment opportunity in the legal cannabis space. In addition to its existing revenue growth, the company’s Nevada facility is nearing final approval and could produce significant shareholder value over the coming years once complete. Investors may want to take a closer look at the stock given these significant catalysts moving forward. Please follow the link to read the full article: http://www.cannabisfn.com/friday-night-reports-strong-revenue-growth-path-profitability/ For more information, visit the company’s website or download their investor presentation. About CFN Media CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed. Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8 Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com Disclaimer CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news. The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. 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VANCOUVER, April 3, 2018 /PRNewswire/ - Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF) is pleased to announce a one-year licensing agreement and partnership between the Company's subsidiary, Infused Mfg and Grizzly Griptape, LLC. Canna Hemp's newest product offering, "Canna Hemp X", includes a CBD-infused recovery cream which targets the rapidly growing recovery market and launches Canna Hemp into a whole new untapped vertical in the action sports world. Friday Night is one of the first cannabis companies to partner with a major action sports company to launch a CBD recovery product and marks the Company's first collaboration with a well-known professional athlete. Canna Hemps' high-grade CBD-infused Recovery Cream has been developed to assist in the treatment and prevention of sports related injuries and chronic pain. The Recovery Cream will be available for pre-order on April 20th to coincide with industry celebrations and will be sold online and through retail outlets across the United States. Torey Pudwill, one of the world's top professional skateboarders and industry entrepreneur, originated Grizzly, a leading griptape company in skateboarding, featuring technical outdoor athletic apparel and accessories. Mr. Pudwill earned a spot in many podiums in a variety of competitions including Street League Skateboarding and represents well-known brands such as Red Bull, Diamond Supply and Footwear Co, Young Money Money-B Skateboards, Grizzly Grip, and many others. "I am honored to be put in the unique position of partnering Grizzly Griptape with the leading CBD brand, Canna Hemp, to bring this amazing recovery product to the action sports industry", remarked Mr. Pudwill, Founder of Grizzly Griptape. "We are excited to launch our new action sports Recovery Cream in collaboration with Grizzly Griptape", commented Mr. Brayden Sutton, President and CEO of Friday Night. He added, "Torey Pudwill is a legendary name in skateboarding and it has been a pleasure to work with him and the team at Grizzly. Our Company continues to innovate and advance our hemp and CBD-infused product line and we will continue to seek opportunities to enter into new markets."