Nightfood Holdings Inc (NGTF)

[notshakenorstirred]

This news originally broke, Feb, 5, 2019.

At this juncture, M. J. Munchies and the "Half Baked" brand, is in the backseat, with more than the lions share of company resources, being put into the Nightfood ice cream.

The Nightfood snack bars, aren't a priority, either, anymore.

Tarrytown, NY, Feb. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MJ Munchies, Inc., a subsidiary of Nightfood Holdings, Inc. (OTC: NGTF) and Global Consortium, Inc. (OTC:GCGX), have announced that the parties have entered into a Letter of Intent whereby Global Consortium subsidiary Infused Edibles would receive an exclusive license to manufacture and distribute marijuana and CBD-infused products under the Half-Baked™ mark owned by MJ Munchies.

just-food: Looking at Nightfood's overall business plan, where does cannabis edibles unit MJ Munchies sit?

Sean Folkson: We're working to find a home for the Half Baked brand of snacks. It's not something we envision ourselves being actively involved in operating. It's more of a licensing situation.

We've secured the rights to what we think is an extremely valuable brand in the US. It's just about catching an operating partner where they're not so far along in the launch of their existing brand that they can take up a brand like Half Baked and make good use of it.

We've had conversations with a lot of people in the marijuana industry. Everybody believes the Half Baked brand is going to be valuable and allow a short-cut to market. That's what a good brand can do for you....7/3/19

Nightfood Holdings (OTC:NGTF) and Global Consortium (OTC:GCGX) Sign Letter of Intent for Edibles Joint Venture Under Half-Baked™ Trademark...GNW 2/5/19

"We're not promoting night-time snacking" - CEO Sean Folkson on why Nightfood's "sleep-friendly" ice cream can help consumers...7/3/19