Nevada-focused cannabis group Friday Night Inc (CNSX:TGIF) has hired experienced executive Cameron Watt as a director.
A business graduate of the British Columbia Institute of Technology, Watt has already played a significant role in the success and growth of the company during his time as executive vice-president, the firm noted.
In the same statement, Friday Night thanked director Brian Keane for his contributions over the past year and wished him well in his future endeavours.
CFN Media Group is upbeat on Friday Night Inc (CNSX:TGIF), which has moved to double its existing cannabis production capacity, and represents a unique opportunity within the burgeoning industry.
Acquisitions
Last week, Friday Night was the subject of a bullish article from CFN Media, a creative agency dedicated to legal cannabis.
It noted the firm's move to double its cultivation footprint in Nevada through two possible acquisitions, while divesting its CBD (cannabidiol) assets.
It says that Friday Night last month, announced that it would buy Body & Mind Inc in an all share deal.
"With approximately 130,000 sq ft of facility projects under development, the acquisition will make the combined company one of the largest cultivation and production companies in Nevada."
Friday Night has also announced a letter of intent to acquire Harvest Foundation LLC, a 10,000sq ft cannabis cultivation facility adjacent to its Alternative Medicine Association (AMA) property, for US$1mln in cash, 10mln shares and warrants.
"AMA was the very first cannabis cultivator licensed in Las Vegas and has developed a leading brand in the city and throughout Nevada," highlighted CFN.