Vancouver, Canada-based Friday Night Inc. completed the acquisition of privately-held Spire Secure Logistics Inc., a strategic security consulting company.
Friday Night issued 7,692,308 shares to Spire shareholders at a price of 65 Canadian cents. The shares are subject to trading restrictions until July 2 and are also subject to a voluntary escrow that will see 12.5% of the total amount released every three months.
Additionally, Tim Humberstone will join Spire Secure Logistics as chief strategy officer. Humberstone previously led security and compliance at one of Canada's first licensed producers of medicinal cannabis.
