Friday Night Inc. (CSE: TGIF) (FWB: 1QF) (OTC: VPGDF) Enters into a Land
Purchase Agreement
Vancouver, British Columbia - August 28, 2017 (Investorideas.com
Newswire) Friday Night Inc. (Friday Night) (CSE: TGIF) (FWB: 1QF) (OTC: VPGDF)
is pleased to announce that it has entered into a land purchase agreement in
Nevada.
Friday Night Inc. has entered into an agreement to purchase 1.39 acres
of land in unincorporated Clark County for $432,000 (USD). The parcel is zoned
M-1 and includes several site improvements including a 33,000-sq. ft. footprint
for a building with footings already poured and in the ground, full perimeter
security fences, water hook-ups for the full sprinkler system throughout the
future warehouse and 2,000 amps of power. In addition, the Company has now
secured an estimate from NV Energy to provide an additional 4,000 amps of power,
which would support a two-story cultivation of up to 66,000 sq. ft. of canopy.
All documents have been signed and the escrow has been opened with a $25,000
(USD) earnest money deposit. The terms provide for a closing within 85 days or
sooner. Plans are being reviewed and revised for an updated cost estimate,
which will be ready within 2 weeks.
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