NightFood Holdings, Inc. Creates Subsidiary, MJ Munchies, Inc., for Marijuana Accelerator Initiatives and Capital Infusion
January 09, 2018 at 08:41 am EST
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NightFood Holdings, Inc. announced that development of its new line of CBD infused edibles, and other related projects with Marijuana Accelerator, will be conducted through its new subsidiary, MJ Munchies, Inc. The new subsidiary was formed to ensure the distinction between the NightFood brand and the CBD and marijuana related brands, and to facilitate the imminent financing transactions. Management believes each initiative should exist independently, as they’re addressing different consumer segments and needs.
Nightfood Holdings, Inc. is a holding company focused on identifying and exploiting market trends within the hospitality, food services, and consumer goods sectors. The Company's operations are conducted by its two subsidiaries: Nightfood, Inc. (Nightfood) and Future Hospitality Ventures Holdings, Inc. (Future Hospitality). Nightfood is a nighttime snack company, which is engaged in the business of manufacturing, marketing and distributing snacks specially formulated and promoted for evening consumption. The Nightfood brand includes sleep-friendly versions of the nighttime snack formats. In addition to ice cream pints, its products include cookies, chips, ice cream sandwiches, candy, and nutrition bars. It is focused on offering two flavors in ice cream, Midnight Chocolate and Cookies n' Dreams. Future Hospitality is a provider of robotics and automation solutions to the hospitality and food service industries. It provides artificial intelligence (AI) enabled robotic solutions.