Friday Night Inc. (
CSE: C.TGIF,
OTCQB: TGIFF,
Forum) said Thursday it has signed a letter of intent to merge with
Body and Mind Inc. (
CSE: C.BAMM,
OTC: BMMJ,
Forum) in an all stock acquisition worth $115,000.
With approximately 130,000 square feet of facility projects under development, the merged company will be among the largest cultivation and production companies in Nevada.
Body and Mind was an early stage applicant in 2014 and was awarded one of the first state of Nevada medical marijuana licenses for both cultivation and production.
It produces flower, oil extracts and edibles in its current facility and expects with in the latter part of 2018 to be managing operations in facilities providing approximately 50,000 square feet.
More information can be found
here.
Friday Night was in the news recently when it announced its audited financial results for the first quarter ended October 31, 2017.
The company reported approximately $2.5 million in gross revenue, record gross profit of $1,133,979. At the end of the quarter it had $5,637,152 in cash.
“These results prove how large our footprint is becoming and attest to how healthy the market is in Nevada,’’ said Friday Night Chief Executive Officer Brayden Sutton.
Full Disclosure: Friday Night Inc.
is a paid client of Stockhouse Publishing.