1933 Industries Inc. (TGIFF)

[3-Stooges-Nyuk-Nyuk-Nyuk]

February 21th, 2018

Friday Night Inc. And BAM Agree to Termination Of LOI

Friday Night Inc. today announced that it has terminated its letter of intent dated December 20, 2017 to acquire Body & Mind Inc in an all-stock transaction.

After careful review of the BAM transaction and current market conditions, Friday Night and Body and Mind Inc. have mutually determined the acquisition of BAM under the terms of the LOI would not be in the best interests of shareholders, and as a result, the LOI has been terminated by both parties.

Body and Mind Inc. CEO Leonard Clough commented, “Market conditions and the revised consideration proposal to our shareholders played a role in the decision to mutually terminate the proposed amalgamation plan.”

Friday Night Inc. CEO Brayden Sutton commented, “Recent market events out of our control turned the BAM acquisition into a moving target. To keep renegotiating terms and delaying the closing date is not fair to shareholders on either side, all the while both companies may be missing other opportunities.”