Friday Night’s Subsidiary (AMA) announces record earnings $TGIF

Friday Night Inc. provided an update on the Company’s 91% owned asset, Alternative Medicine Association, LC (AMA), which continues to achieve record sales in Las Vegas.

AMA earned $902,000 CDN in gross revenues for the month of June 2017.  This is a $611,000 increase over the prior months sales and represents a monthly revenue growth of 210%.  This was due to the retail demand leading up to the July 1st roll-out of adult-use cannabis sales.  The Company expects this strong demand to continue and is planning accordingly.

Due to this expected increase in demand for dried cannabis and derivative products, the Company is currently evaluating real estate options in Las Vegas, with the goal of finding a larger footprint for the AMA facility to take full advantage of the current landscape.

Mr. Brayden Sutton, CEO of the Company commented,

“Timing is everything and we feel that every day counts in this sector as it evolves so quickly.  American roots, but global growth; we have a first-mover advantage in Las Vegas that will only last so long.  While we are elated with the increasing performance of AMA, we are also in a constant state of evaluating additional accretive opportunities to further our brand around the world.”