Friday Night Inc (CNSX:TGIF) says its received the green light from Clark County, the home of Las Vegas, to grow cannabis on its new commercial property.
The approval was received on the land use application at a Clark County commissioners hearing on November 8.
"Friday Night Inc management is scheduled to finalize and close the land purchase agreement on Monday, November 13th," it said in a brief statement.
"Shortly after the land purchase agreement is closed, the design team will finalize the building plans and commence construction," it added.
"The necessary building permits were already submitted for and obtained by transferring the old permit numbers, which as a result, has saved valuable time in the permitting process."
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.
Friday Night Inc shares today added 4.44% to C$0.24.