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Friday Night completes acquisition of Spire Secure Logistics

Published: 07:00 02 Mar 2018 EST

Compliance folder
Humberstone led security and compliance at one of Canada's first licensed producers of medicinal cannabis

Friday Night Inc (CNSX:TGIF) has closed its previously announced acquisition of Spire Secure Logistics.

READ Friday Night diversifies portfolio as it acquires security firm

Friday Night issued 7.69mln common shares to the shareholders of Spire at a deemed price of 65 cents a share.  

Spire has strengthened its team with the appointment of Tim Humberstone, a former law enforcement leader and someone who is regarded as an expert in Canada's regulated cannabis sector.

Humberstone will be Spire's chief strategy officer, charged with leading Spire's growth in Ontario.

“I’ve been courted by a lot of companies in the cannabis sector,” said Humberstone.

“It’s no accident I chose to join the team at Spire Secure Logistics.  Spire has been quietly establishing a presence across Canada, and I’m excited to take the lead in Ontario,” he added.

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