Friday Night Inc. (Friday Night) (CSE:TGIF) (FWB: 1QF) (OTCQB: TGIFF) commented on the Canadian Securities Administrators (“CSA”) Staff Notice 51-352 (Revised), Issuers with U.S. Marijuana-Related Activities (the “Notice”)
“We commend the CSA for providing clarification on disclosure requirements for Canadian companies with US cannabis assets, and we are committed to maintaining transparent disclosure documents to all our investors” says Friday Night Inc. CEO Brayden Sutton.
The Notice can be viewed here: http://www.osc.gov.on.ca/documents/en/Securities-Category5/csa_20180208_51-352_marijuana-related-activities.pdf
The CSA notice restates disclosure expectations for issuers with U.S. marijuana-related activities and allows the individual exchanges to determine the eligibility of issuers to list based on the exchange’s listing requirements. The Canadian Securities Exchange expressed support for the announcement.
About Friday Night Inc.
Friday Night Inc. is a Canadian public company, which owns and controls cannabis and hemp-based assets in Las Vegas Nevada. The company 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. Infused MFG, also a 91% owned subsidiary, produces hemp-based, CBD products, thoughtfully crafted of high quality organic botanical ingredients. Friday Night Inc. is focused on strengthening and expanding these operations within and outside of the state.
For further information please contact:
Joe Bleackley, Corporate Communications
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com. Friday Night undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law or the Canadian Securities Exchange.