Proactive Investors - Run By Investors For Investors

Friday Night starts life trading on OTCQB index

The stock will change hands under the symbol 'TGIFF'. At the time of writing, shares are up 1.78% at US$0.406.
Friday Night starts life trading on OTCQB index
Friday Night Inc started trading on the OTCQB market on Tuesday

Recreational cannabis group Friday Night Inc. began trading today in New York - on the OTCQB index.

The stock, changing hands under the symbol 'TGIFF', was up over 21% to US$0.4838 in New York.

The firm received approval for the change after it supplied the OTC Markets with all required documents, including audited financial statements for the last two years.

“Advancing our listing tier to the OTCQB is a great step in our development as it increases our awareness in the USA," said Joe Bleackley, Friday Night Inc.s  director of corporate communications.

"We take pride in delivering accurate and current information to our shareholders and the OTCQB listing will bring a new level of investor confidence in Friday Night Inc."

The group owns and controls cannabis and hemp based assets in Las Vegas, Nevada, where  it is bidding to exploit the recreational cannabis market.

It owns 91% of Alternative Medicine Association, LC (AMA), a licensed medical and adult-use cannabis cultivation and production facility that produces its own line of unique cannabis-based products and manufactures other third-party brands.

It also owns 91% of Infused MFG, which generates hemp-based, CBD products, and high quality organic botanical ingredients.

There's been plenty of newsflow in recent weeks and last week, the group inked a production  deal with a major dispensary chain in Nevada.

The chain will supply trim as a  raw material to the group's subsidiary AMA, which will extract and process the materials into high grade concentrates.

Trim is defined as the excess snipping of leaves from the buds of marijuana plants and the dispensary will provide a minimum of 100 pounds per month.

AMA estimates it will then produce over 20,000 half-gram units every month.

Friday Night Inc.posted around US$1mln of revenue and gross profit of $230,714 in the last six weeks of the fourth quarter in its year to July 31.

It said it's now building on these numbers and is due to announce first quarter results in December (this month).

 -- Updates share price --

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full TGIF profile View Profile

1933 Industries Timeline

Related Articles

muffins and cannabis
November 29 2018
Dehydratech is essentially a delivery system that allows drugs and vitamins to get into the bloodstream quicker, while making them taste and smell better at the same time
1541165310_canadian-flag-1.jpg
November 02 2018
Back Home Medical Cannabis Corp has agreed on a 24,000-kilogram three-year production and supply agreement
Cannabis leaf
November 19 2018
With the legalisation of recreational cannabis in Canada in October, and the US expected to follow suit, the company has its sights set on building up the very best in the industry
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use