News ed's Canna Hemp brand has seen strong demand in the California market since the state level legalization on January 1st 2018. The California cannabis market is currently estimated to be worth $8.5 Billion dollars.
Canna Hemp products are now selling in 15 retail locations in California and Infused has recently engaged 2 additional sales representatives to expand on their distribution network.
After careful review of the evolving Las Vegas market and the success in the California market, the Company has decided to indefinitely postpone the spin-out of Infused MFG. Management believes Infused and the Canna Hemp brand will continue to show strong growth and success in new markets and will provide value to the shareholders of Friday Night.
The Company also announced that 1,300,000 stock options were issued to advisors and a director pursuant to the terms of the Company's stock option plan. These options are exercisable at $0.65 for a period of 5 years.