Proactiveinvestors USA & Canada Weekend Unlimited Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Weekend Unlimited Inc. RSS feed en Mon, 18 Feb 2019 20:52:43 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Weekend Unlimited signs definitive agreement with R&D Pharma for Jamaican interests ]]> https://www.proactiveinvestors.com/companies/news/214547/weekend-unlimited-signs-definitive-agreement-with-rd-pharma-for-jamaican-interests-214547.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced Wednesday that it has entered into a definitive agreement with R&D Pharma to acquire its Jamaican interests.

The deal is expected to be completed by next week.

Weekend previously signed a Letter of Intent signed on November 1, 2018, to acquire vertically integrated Canadian company R&D Pharma's Jamaican interests. It also said its acquisition target in Jamaica, is expanding its marijuana growing operations.

READ: Weekend Unlimited's Jamaican prospect expands production

An additional five-acre outdoor plot at the R&D Pharma property in Jamaica is set to be prepared for cultivation this year, which should triple the company’s production.

"Upon signing this deal, we are excited to accelerate operations in Jamaica. There has been tremendous work accomplished on the property by the team on the ground and the cultivation results have been impressive in both quality and economically," said Weekend Unlimited CEO Paul Chu.

At least 37 additional cannabis strains are being cultivated and ‘phenotyped’ by R&D Pharma as part of an in-depth program to produce unique equatorial and tropical cannabis varieties for both the medical and recreational markets.

Called Tropicann Jamaica, the R&D Pharma property now spans 98 acres, 60 acres of which are usable for cultivation. The Jamaican company is now producing 13 acclimated strains of cannabis and 120 mother plants.

Currently, there are 5.2 acres of terraced outdoor cultivation being used at the site. This includes 3.2 acres of commercial cultivation, which is capable of producing 5,750kg of dry material per year. The remaining two acres are used for research and development, producing 3,000kg.

The site also boasts a 6,000 square foot greenhouse, which houses a 3,600 square foot flower room; this facility is able to produce 600 kg of dry material per year for an onsite dispensary, which is planned to serve tourists.

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Wed, 13 Feb 2019 07:37:00 -0500 https://www.proactiveinvestors.com/companies/news/214547/weekend-unlimited-signs-definitive-agreement-with-rd-pharma-for-jamaican-interests-214547.html
<![CDATA[News - Weekend Unlimited reports Northern Lights Supply gets order in time for grand opening ]]> https://www.proactiveinvestors.com/companies/news/214467/weekend-unlimited-reports-northern-lights-supply-gets-order-in-time-for-grand-opening-214467.html Weekend Unlimited (CSE:POT) (OTCMKTS:WKULF) said Tuesday that cannabis retailer Northern Lights Supply in Nisku, Alberta has received its first order from Alberta Gaming, Liquor and Cannabis (AGLC), which paves the way for its grand opening on February 23.

Northern Lights Supply will open with about $200,000 worth of inventory and weekly shipments are expected from AGLC to replenish stock.

READ: Weekend Unlimited scores coveted POT ticker

“Having received the store’s initial order, we are currently stocking the shelves and conducting our final staff training and systems checks in order to hold our grand opening next week, on February 23,” said Derek Shields, Northern Lights Supply president in a statement.

In other news, 15 Northern Lights Supply staff have been hired and trained and community cannabis education and training seminars for local organizations and the hospitality industry have been given the stamp of approval by AGLC.

Weekend previously announced an arms-length agreement to acquire 49% of Northern Lights Supply. The Alberta cannabis retailer is located adjacent to the Edmonton International Airport and serves the cities of Leduc and Beaumont.

READ: Weekend Unlimited subsidiary Northern Lights Supply wins Alberta retail license

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Weekend Unlimited shares traded 6% higher at C$0.18 in morning trade on Tuesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Tue, 12 Feb 2019 09:36:00 -0500 https://www.proactiveinvestors.com/companies/news/214467/weekend-unlimited-reports-northern-lights-supply-gets-order-in-time-for-grand-opening-214467.html
<![CDATA[News - Weekend Unlimited makes new additions to business development, sales team ]]> https://www.proactiveinvestors.com/companies/news/214365/weekend-unlimited-makes-new-additions-to-business-development-sales-team-214365.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced Monday that it is tapping industry veterans Karl Schmieder as the company’s new director of business development and Tom Wisniewski as vice president of the company’s sales operations.

Schmieder brings more than 25 years of business development success in biopharmaceutical and internet industries, while Wisniewski brings over two decades of sales expertise. 

"Karl is a strategic thinker who will contribute to the development of new products, partnerships and services. Tom brings diverse leadership experience in sales and operations and will help drive our national and international growth," said Weekend Unlimited CEO Paul Chu in a statement. "The addition of Karl and Tom helps strengthen Weekend's management as we execute our growth strategy."

READ: Weekend Unlimited brand Canna Candys to launch in America’s Northeast, Midwest and Southeast

Schmieder co-founded messagingLAB, a strategy and marketing communications firm focused on the life sciences. He has successfully launched biotechnology companies and pharmaceutical products and services. He has held executive and business development positions at emerging digital health and leading strategy communications consulting firms.

On the other hand, Wisniewski has served as managing director of Rocket Holdings, a private investment and real estate group. In addition, he was field account manager at VHA Corporation and sales manager at Abmnus. Wisniewski is a pioneer in the wireless prepaid industry and spearheaded the national sales team at iPrepaid Master, a national wireless services distribution company.

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Mon, 11 Feb 2019 07:47:00 -0500 https://www.proactiveinvestors.com/companies/news/214365/weekend-unlimited-makes-new-additions-to-business-development-sales-team-214365.html
<![CDATA[News - Weekend Unlimited brand Canna Candys to launch in America’s Northeast, Midwest and Southeast ]]> https://www.proactiveinvestors.com/companies/news/214278/weekend-unlimited-brand-canna-candys-to-launch-in-americas-northeast-midwest-and-southeast-214278.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced Friday that its Canna Candy brand has signed an exclusive distribution deal with Infinity One LLC to introduce its product beyond California and into America’s Northeast, Midwest and Southeast regions.

"This is an exciting step for Canna Candys and Weekend," said Weekend Unlimited CEO Paul Chu said in a statement. "It represents the first of many deals to expand into new markets with our products."

The company said the first order is for Canna Candys’ 5 mg 99.6% hemp-oil extract mixed fruit gummies in gummy packs containing 20 servings.

READ: Weekend Unlimited completes purchase of 20% stake in California's Canna Candys and Canna Medibles

The agreement with Infinity One LLC to distribute Canna Candys products will begin with a rollout of one million gummies per month, with additional inventory to follow beyond candies and gummies. The initial month's purchase order is for US $350,000.

"Infinity One LLC is proud to become a master dealer for Weekend Unlimited,” said Infinity One president Rae Kim.

Following Weekend's consumer packaged goods strategy, Infinity One will focus on sales through supermarket chains, pharmacies and convenience stores.

"We have existing relationships with HSN, Target, Bed Bath & Beyond and Amazon in addition to our vast indirect sales channels," said Kim. "Most of our chain store accounts range from 200 to 400 retail locations. The plan we have developed with Weekend sees us expanding in the second phase to add edibles and beverage products to our product line as we expand distribution in these regions and add Texas in the coming months."

Growing in the US

The first month's allotment of one million pieces of Canna Candys' fruit gummies will be distributed through Infinity’s sales channels and distribution network through the Northeast, Midwest and Southeast.

Subsequent orders will depend on the success of the products. The distribution agreement is for one year, with options to renew.

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Fri, 08 Feb 2019 08:32:00 -0500 https://www.proactiveinvestors.com/companies/news/214278/weekend-unlimited-brand-canna-candys-to-launch-in-americas-northeast-midwest-and-southeast-214278.html
<![CDATA[News - Weekend Unlimited CEO tells shareholders the company has ‘solidified pillars’ of its brand portfolio ]]> https://www.proactiveinvestors.com/companies/news/214085/weekend-unlimited-ceo-tells-shareholders-the-company-has-solidified-pillars-of-its-brand-portfolio-214085.html Weekend Unlimited Inc (CSE:POT) (OTCPINK:WKULF) CEO Paul Chu told shareholders Wednesday that the company has “solidified pillars” of its brand portfolio including Canna Candys, Verve Beverage Company, the alliance in Washington State with Boggy Boon and Orchard Heights.

The CEO also highlighted the company’s interest in Northern Lights Supply in Alberta, which just received its retail license to operate. Weekend Unlimited’s subsidiary Northern Lights Supply is one of ten companies to win a new cannabis retail store operating license in Alberta.

READ: Weekend Unlimited subsidiary Northern Lights Supply wins Alberta retail license

Northern Lights, in which Weekend Unlimited has moved to acquire a 49% stake, is the first retail cannabis store servicing the Edmonton International Airport, Canada’s largest oilfield industrial park and the cities of Leduc and Beaumont.

The opening of Northern Lights’ retail store aims to take advantage of the market for edible and infused cannabis, which is set to be legal in the fall of 2019.

In his letter to shareholders, Chu also talked about how the company was awarded the coveted POT stock ticker symbol.

The POT ticker was allocated in a high-stakes, random lottery held by the TMX Group, and Weekend Unlimited announced the news that it was the lucky winner on Friday.

“This lottery captured global attention, with coverage that spanned media entities,’’ wrote Chu in the letter. “The Canadian Securities Exchange, and Canada overall, have been beneficiaries of the attention — in addition to our company — as it has served to highlight Canada's leadership position in cannabis legalization.”

Chu noted that Weekend will “launch and scale its own consumer packaged brands for cannabidiol (CBD) in states and international markets.” He said CBD provides the “most lucrative opportunity” to establish brand leadership for current and future expansion and sales.

“With international interests in Canada and pending in Jamaica, Weekend will have a primary focus as a cross-border brand aggregator, bringing brands to market with CBD products and deploying the best practices of the consumer-packaged goods industry,” said Chu.

Chu said the company had a “vertically integrated base of operations” in California, the largest legal recreational cannabis market in the United States, which will be leveraged to grow throughout the US.

READ: Weekend Unlimited's Orchard Heights and Boggy Boon Alliance sees immediate progress

The CEO also provided an update on retail initiatives.

“In Washington, the Orchard Heights, Boggy Boon alliance is already shipping product to retail stores, Canna Candys shipments will begin in February and Verve Beverage Company will be shipping in March,” wrote Chu.

Within the first week of signing a letter of intent to form an alliance with Weekend Unlimited, Boggy Boon (Seven Hills LLC) and Orchard Heights have secured orders.

The increased capacity achieved, thanks to the partnership, has paved the way for accelerated processing and packaging to satisfy the demands of business to business white label accounts, a key Boggy Boon target market.

According to Chu, Boggy Boon is ranked in the top 5% of all cannabis brands in Washington State.

Boggy Boon will be working with Orchard Heights’ brand processor facility to fill upcoming orders as they currently have outgrown their commercial space.

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Wed, 06 Feb 2019 07:53:00 -0500 https://www.proactiveinvestors.com/companies/news/214085/weekend-unlimited-ceo-tells-shareholders-the-company-has-solidified-pillars-of-its-brand-portfolio-214085.html
<![CDATA[News - Weekend Unlimited subsidiary Northern Lights Supply wins Alberta retail license ]]> https://www.proactiveinvestors.com/companies/news/213999/weekend-unlimited-subsidiary-northern-lights-supply-wins-alberta-retail-license-213999.html Weekend Unlimited Inc (CSE:POT) (OTCPINK:WKULF) announced Tuesday that its subsidiary Northern Lights Supply is one of ten companies to win a new cannabis retail store operating license in Alberta.

Northern Lights, in which Weekend Unlimited has moved to acquire a 49% stake, is the first retail cannabis store servicing the Edmonton International Airport, Canada’s largest oilfield industrial park and the cities of Leduc and Beaumont.

READ: Weekend Unlimited scores coveted POT ticker

Set to open in mid-February, the store offers 6,500 square feet of retail space, making it one of the largest approved retail cannabis stores in Alberta. Also, the new retail outlet sits adjacent to Highway 2, Alberta’s busiest traffic corridor, and it is the first cannabis retail store to receive approval to advertise along the main entrance to Edmonton.

“We are thrilled to be one of a lucky ten to get a license to operate at this time. We have a strong business plan with extensive outreach partnerships in the works aimed at delivering education seminars for the hospitality industry and business organizations,” said Northern Lights Supply president Derek Shields in a statement.

WATCH: Weekend Unlimited expands into Jamaica with 98-acre cannabis farm

The opening of Northern Lights’ retail store aims to take advantage of the market for edible and infused cannabis, which is set to be legal in the fall of 2019.

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Weekend Unlimited shares edged up 5.65 to finish at C$0.285 on Monday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com 

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Tue, 05 Feb 2019 08:06:00 -0500 https://www.proactiveinvestors.com/companies/news/213999/weekend-unlimited-subsidiary-northern-lights-supply-wins-alberta-retail-license-213999.html
<![CDATA[News - Weekend Unlimited shares surge Friday in light of POT stock ticker lottery ]]> https://www.proactiveinvestors.com/companies/news/213845/weekend-unlimited-shares-surge-friday-in-light-of-pot-stock-ticker-lottery-213845.html Weekend Unlimited (CSE:YOLO) shares skyrocketed on Friday, up 134% after the company announced it had won the proverbial pot of gold: the POT stock ticker symbol.

Shares were up 134.8% at C$0.27 on Friday afternoon in Toronto. 

The POT ticker was allocated in a high-stakes, random lottery held Wednesday by the TMX Group, and Weekend Unlimited announced the news that it was the lucky winner on Friday.

READ: Weekend Unlimited scores coveted POT ticker

“Weekend Unlimited is thrilled to add the iconic POT trading symbol to its identity,” said Paul Chu, Weekend Unlimited president and CEO, in a release on Friday. “As a fast-growing multi-state operator, Weekend Unlimited is developing lifestyle brands around recreational and wellness to help define the future of the cannabis industry. The POT symbol is a tremendous fit with our brand identity.”

The company said it expects to begin trading with the new symbol POT on Monday, February 4, subject to confirmation by the Canadian Securities Exchange. The company will shed its creative YOLO ticker, an acronym for the fun-loving rally cry "you only live once."

“There has been tremendous excitement generated globally for the POT symbol," said Chu. "The POT lottery served to raise the profile of Canada’s leadership in legal recreational cannabis and we believe it will also serve to raise Weekend Unlimited’s leadership profile."

 

 

Contact Katie Lewis at katie@proactiveinvestors.com

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Fri, 01 Feb 2019 16:49:00 -0500 https://www.proactiveinvestors.com/companies/news/213845/weekend-unlimited-shares-surge-friday-in-light-of-pot-stock-ticker-lottery-213845.html
<![CDATA[Media files - Weekend Unlimited hits jackpot winning the "POT" ticker lottery ]]> https://www.proactiveinvestors.com/companies/stocktube/12082/weekend-unlimited-hits-jackpot-winning-the--pot--ticker-lottery-12082.html Fri, 01 Feb 2019 14:18:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12082/weekend-unlimited-hits-jackpot-winning-the--pot--ticker-lottery-12082.html <![CDATA[News - Weekend Unlimited scores coveted POT ticker ]]> https://www.proactiveinvestors.com/companies/news/213758/weekend-unlimited-scores-coveted-pot-ticker-213758.html Weekend Unlimited Inc (CSE:YOLO) has won the proverbial pot of gold: the POT stock ticker symbol.

The POT ticker was allocated in a high-stakes, random lottery held Wednesday by the TMX Group, and Weekend Unlimited announced the news that it was the lucky winner on Friday. 

“Weekend Unlimited is thrilled to add the iconic POT trading symbol to its identity,” said Paul Chu, Weekend Unlimited president and CEO, in a release. “As a fast-growing multi-state operator, Weekend Unlimited is developing lifestyle brands around recreational and wellness to help define the future of the cannabis industry. The POT symbol is a tremendous fit with our brand identity.”

The company said it expects to begin trading with the new symbol POT on Monday, February 4, subject to confirmation by the Canadian Securities Exchange. The company will shed its creative YOLO ticker, an acronym for the fun-loving rally cry "you only live once."

READ:  The lucky winner of the POT stock symbol is ...

According to the TMX Group, roughly 40 eligible ballots were submitted to participating exchanges, including the Toronto Stock Exchange, the TSX Venture Exchange, the Canadian Securities Exchange and the Aequitas NEO Exchange.

The Canadian stock ticker symbol POT was previously the symbol for the Potash Corp. of Saskatchewan, which merged with privately held Agrium last year.

“There has been tremendous excitement generated globally for the POT symbol," said Chu. "The POT lottery served to raise the profile of Canada’s leadership in legal recreational cannabis and we believe it will also serve to raise Weekend Unlimited’s leadership profile." 

WATCH: Weekend Unlimited expands into Jamaica with 98-acre cannabis farm

According to Catherine Kee, a spokeswoman for TMX Group, which operates the Toronto Stock Exchange and the TSX Venture Exchange, the winner is not allowed to transfer the rights to the symbol to anyone else.

A number of other cannabis companies have catchy stock tickers as well, including 1933 Industries Inc (CSE:TGIF) and Crop Infrastructure (CSE:CROP).

In the US, Tenet Healthcare Corp (NYSE:THC) holds the THC ticker, shorthand for the psychoactive ingredient in marijuana, while POT is unclaimed.

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Fri, 01 Feb 2019 07:00:00 -0500 https://www.proactiveinvestors.com/companies/news/213758/weekend-unlimited-scores-coveted-pot-ticker-213758.html
<![CDATA[News - Weekend Unlimited converting equity investment into exclusive license agreement ]]> https://www.proactiveinvestors.com/companies/news/213730/weekend-unlimited-converting-equity-investment-into-exclusive-license-agreement-213730.html Weekend Unlimited Inc (CSE:YOLO) announced Thursday that it was recalibrating its investment in Las Vegas-based glass designer Jerome Baker and looking at an exclusive license agreement.

Vancouver-based Weekend Unlimited is building momentum as an integrated cannabis company with an existing portfolio in Washington State, Orchard Heights Growers, British Columbia, Northern Lights Organics and Jerome Baker Designs.

READ: Weekend Unlimited begins greenhouse construction at Northern Lights Organics subsidiary

“As projects unfold, it sometimes becomes apparent that the original structure of the investment will not work as anticipated,” said Weekend Unlimited in a statement.

Jerome Baker Designs created the mammoth bong named "Bongzilla," which is now on display at the Cannabition Cannabis Museum in Las Vegas. It looms 24-feet high and weighs 800 pounds.

Weekend Unlimited owns 51% of the operating Las Vegas company. However, Weekend Unlimited said due to “the inability of the company to obtain reliable financial records,” it was forced to write down its investment in this company.

“Notwithstanding that writedown, the company is in negotiations with the other shareholder to convert its equity interest into an exclusive license agreement,” said the company in a statement. “The company continues to feel that the Jerome Baker brand has value as one of the most recognized brands in glassware and associated products.”

Separately, Weekend Unlimited said it granted 2 million options to its chief executive officer under the terms of its incentive stock option plan. These options are exercisable at $0.15 for a period of 5 years.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Thu, 31 Jan 2019 00:05:00 -0500 https://www.proactiveinvestors.com/companies/news/213730/weekend-unlimited-converting-equity-investment-into-exclusive-license-agreement-213730.html
<![CDATA[News - Weekend Unlimited's Orchard Heights and Boggy Boon Alliance sees immediate progress ]]> https://www.proactiveinvestors.com/companies/news/213524/weekend-unlimited-s-orchard-heights-and-boggy-boon-alliance-sees-immediate-progress-213524.html Weekend Unlimited Inc (CSE:YOLO) provided an update to investors Tuesday on the progress its subsidiary Weekend Unlimited Washington LLC has made with its Orchard Heights, Boggy Boon alliance.

This month, Weekend Unlimited signed a letter of intent to provide processing and distribution facilities to Boggy Boon-branded cannabis company Seven Hills, with an option to acquire Seven Hills.

READ: Weekend Unlimited’s Orchard Heights signs a letter of intent with Boggy Boon to spur Washington state expansion

Boggy Boon-branded cannabis is cultivated in a 28,000-square feet facility located in Wenatchee, located in north-central Washington where Weekend's wholly owned subsidiary Orchard Heights Growers is also conveniently located.

Within the first week of signing a letter of intent to form an alliance with Weekend Unlimited, Boggy Boon (Seven Hills LLC) and Orchard Heights have secured orders for delivery beginning this week.

The increased capacity achieved, thanks to the partnership, has paved the way for accelerated processing and packaging to satisfy the demands of business to business white label accounts, a key Boggy Boon target market.

“With the alliance with Boggy Boon, the Weekend Unlimited Washington will have entered into strategic partnerships with two independent indoor/outdoor cultivation facilities with synergistic production and logistics capacity in Washington State,” explained Weekend Unlimited CEO Paul Chu in a statement.

According to Chu, Boggy Boon is ranked in the top 5% of all cannabis brands in Washington State.

“Its strategic operating tenants, Orchard Bloom and Boggy Boon, the latter of which is in the top 5% of all producers' processors in the State (based on i502 data), will seize upon the immediate capacity and resources as a result of the deal to expand product lines and distribution,” Chu added.

Boggy Boon to double production, thanks to partnership

Working with the Weekend Unlimited alliance, Boggy Boon expects to double its production and increase revenue beyond 2018's C$1.97 million.

In the first month of 2019, Boggy Boon is on pace to achieve its largest retail sales month on record.

Boggy Boon will be working with Orchard Heights’ brand processor facility to fill upcoming orders as they currently have outgrown their commercial space.

Deal terms in focus

Under the terms of the agreement, Weekend will provide a loan of up to US$750,000 to Seven Hills in three equal tranches over nine months to upgrade its facilities. It will have the option to acquire 100% of Seven Hills for $1.5 million.

Due to the alliance, Orchard Heights will have more diverse products to offer its customers and will be able to sell Weekend brands to existing 130 Boggy Boon retail accounts.

Weekend's facility in Wenatchee will not only provide synergy to boost revenue for both companies but it will also slash operating expenses, thereby increasing profit margins.

Upon its completion, the Orchard Heights Wenatchee facility will be a nursery, processing and distribution center, with a concentrate lab for manufacturing infused and vape products.

Vancouver-based cannabis-focused Weekend Unlimited recently completed its November acquisition of Verve Beverage Company, the maker of both CBD and non-CBD beverages. Verve holds the Champ Energy brand, which gives Weekend an accelerated model to launch into CBD-infused beverages.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Tue, 29 Jan 2019 08:02:00 -0500 https://www.proactiveinvestors.com/companies/news/213524/weekend-unlimited-s-orchard-heights-and-boggy-boon-alliance-sees-immediate-progress-213524.html
<![CDATA[News - Weekend Unlimited’s Orchard Heights signs a letter of intent with Boggy Boon to spur Washington state expansion ]]> https://www.proactiveinvestors.com/companies/news/213071/weekend-unlimiteds-orchard-heights-signs-a-letter-of-intent-with-boggy-boon-to-spur-washington-state-expansion-213071.html Weekend Unlimited Inc (CSE:YOLO) announced Monday that one of its subsidiaries, Weekend Unlimited Washington LLC, signed a letter of intent to provide processing and distribution facilities to Boggy Boon-branded cannabis company Seven Hills, with an option to acquire Seven Hills.

Under the terms of the agreement, Weekend will provide a loan of up to US$750,000 to Seven Hills in three equal tranches over nine months to upgrade its facilities. It will have the option to acquire 100% of Seven Hills for $1.5 million.

READ: Weekend Unlimited's Champ Energy brand to sponsor all star pre-party

Boggy Boon-branded cannabis is cultivated in a 28,000-square feet facility located in Wenatchee, located in north-central Washington where Weekend's wholly owned subsidiary Orchard Heights Growers is also conveniently located.

“As a result of this arrangement, Boggy Boon will be able to dedicate its operation entirely to cultivation with an anticipated increase efficiency of 40%, with the current year run rate of $2 million growing to $2.8 million," said Weekend Unlimited CEO Paul Chu.

Due to the alliance, Orchard Heights will have more diverse products to offer its customers and will be able to sell Weekend brands to existing 130 Boggy Boon retail accounts.

"The Washington market is mature, and consumers are becoming more loyal to established brands like Boggy Boon,” said Chu.

According to the Chu, Boggy Boon is ranked in the top 5% of all cannabis brands in Washington State.

Symbiotic relationship

“We feel this is an ideal partnership where each entity was looking to develop the infrastructure that the other already has in place. By forming this alliance both will accelerate their market penetration and fully utilize existing infrastructure to grow," said Chu.

Boggy Boon is a Tier 3 producer and processor in Wenatchee. It built a custom cannabis greenhouse in 2016 for premium production.

By collaborating with Orchard Heights, Boggy Boon will be able to improve its existing operations and up production by 40% to diversify its product offering in Washington state.

Weekend's facility in Wenatchee will not only provide synergy to boost revenue for both companies, but will also slash operating expenses, thereby increasing profit margins.

Vancouver-based cannabis-focused Weekend Unlimited recently completed its November acquisition of Verve Beverage Company, the maker of both CBD and non-CBD beverages. Verve holds the Champ Energy brand, which gives Weekend an accelerated model to launch into CBD-infused beverages.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 22 Jan 2019 07:44:00 -0500 https://www.proactiveinvestors.com/companies/news/213071/weekend-unlimiteds-orchard-heights-signs-a-letter-of-intent-with-boggy-boon-to-spur-washington-state-expansion-213071.html
<![CDATA[News - Weekend Unlimited's Champ Energy brand to sponsor all star pre-party ]]> https://www.proactiveinvestors.com/companies/news/212882/weekend-unlimited-s-champ-energy-brand-to-sponsor-all-star-pre-party-212882.html Weekend Unlimited Inc (CSE:YOLO) announced Friday that its recent Verve Beverage acquisition which holds the Champ Energy brand, will sponsor "The Legendary Hollywood West All Star Pre-Party," in San Jose, in California, on January 25.

Cannabis-focused Weekend Unlimited recently completed its November acquisition of Verve Beverage Company, the maker of both CBD and non-CBD beverages. Verve holds the Champ Energy brand, which gives Weekend an accelerated model to launch into CBD-infused beverages.

READ: Weekend Unlimited closes Verve Beverage acquisition

The high-profile player and executive event in San Jose is also sponsored by Ticketmaster, Origin House and The Fourth Period Magazine.

"As a lifestyle brand, Weekend Unlimited embraces athletes and active people as an important audience,” said Weekend Unlimited CEO Paul Chu. “We are actively pursuing relationships with taste makers in the sports world, a sector where athletes and trainers are expressing strong interest in the role CBD can play in replacing opioids for pain management, inflammation and recovery."

Champ, which is the official energy drink of the NHL’s San Jose Sharks, allows people to feel the beneficial effects of CBD while getting all the health benefits of nano water that has been infused with over 78 electrolytes, minerals and glyconutrients.

It is also infused with MCT oil for additional health benefits, with no added sugar.

Champ Energy is official drink of San Jose Sharks

Chu said since Champ Energy is the official energy drink of the San Jose Sharks sponsoring the star-studded event made perfect sense.  

“With the All Star Game taking place at the SAP Centre, home of the Sharks, we felt it was important to seize this opportunity to connect directly with high profile players, agents and trainers who will be attending this exclusive event – an event at which CHAMP Energy will be served and the brand featured prominently," said Chu.

As the official energy drink of the NHL’s San Jose Sharks, CHAMP sales and distribution will be initially focused in the California market.

Verve is set to launch a CBD-infused beverage in the first quarter of 2019 in what could represent a lucrative new product for Weekend. CBD-infused beverages are expected to become a $600 million market in the US by 2022, according to Canaccord Genuity.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Fri, 18 Jan 2019 07:30:00 -0500 https://www.proactiveinvestors.com/companies/news/212882/weekend-unlimited-s-champ-energy-brand-to-sponsor-all-star-pre-party-212882.html
<![CDATA[News - Weekend Unlimited closes Verve Beverage acquisition ]]> https://www.proactiveinvestors.com/companies/news/212610/weekend-unlimited-closes-verve-beverage-acquisition-212610.html Cannabis-focused Weekend Unlimited Inc (CSE:YOLO) announced Tuesday that it has closed its November acquisition of Verve Beverage Company, the maker of both CBD and non-CBD beverages.

Verve has a unique position in the beverage market and the deal provides a platform for the Vancouver-based company to expand its distribution as well as its product offerings.

READ: Weekend Unlimited outlines plans for Verve Beverage Co

“This distribution network will allow us to grow and manage indirect channel and big box placements nationwide for multiple brands in our portfolio,” said Paul Chu, Weekend CEO, in a statement.

Verve also holds the Champ Energy brand, which gives Weekend an accelerated model to launch into CBD-infused beverages, an area that is attracting much interest currently.

Champ, which is the official energy drink of the NHL’s San Jose Sharks, allows people to feel the beneficial effects of CBD while getting all the health benefits of nano water that has been infused with over 78 electrolytes, minerals and glyconutrients.

It is also infused with MCT oil for additional health benefits, with no added sugar.

READ: Weekend Unlimited will be steered by new CEO Paul Chu to grow acquired brands in Canada, Jamaica and the US

“VBC’s CHAMP CBD and non-CBD beverages serve to extend our opportunities in the wellness industry, positioning the company’s line to take advantage of growing demand as the market shifts in attitude, and legislatively, regarding quality cannabinoid products,” said Bradley Robb, president of brands for Verve.

“As the official energy drink of the NHL’s San Jose Sharks, CHAMP sales and distribution will be initially focused in the California market,” added Robb.

Verve is set to launch a CBD-infused beverage in the first quarter of 2019 in what could represent a lucrative new product for Weekend. CBD-infused beverages are expected to become a $600 million market in the US by 2022, according to Canaccord Genuity.

Under the terms of the deal, Weekend will issue 60 million common shares to Verve shareholders. One-half of those shares will be held pursuant to voluntary escrow agreements, that see 20% released immediately and the balance in equal instalments every six months over the next three years.

Weekend Unlimited shares held steady to finish at C$0.145 on Monday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Tue, 15 Jan 2019 07:58:00 -0500 https://www.proactiveinvestors.com/companies/news/212610/weekend-unlimited-closes-verve-beverage-acquisition-212610.html
<![CDATA[News - Weekend Unlimited tapped Snoop Dogg for Big Apple celebration of Cuomo’s cannabis legalization plan ]]> https://www.proactiveinvestors.com/companies/news/212414/weekend-unlimited-tapped-snoop-dogg-for-big-apple-celebration-of-cuomos-cannabis-legalization-plan-212414.html Weekend Unlimited Inc (CNSX:YOLO) (OTCMKTS:WKULF) said Friday that a New York City event celebrating Governor Andrew Cuomo’s pledge to work for the legalization of recreational marijuana featured a DJ set by the rapper Snoop Dogg.

Also appearing Wednesday at the Pomona & Savage Lounge were the former NFL players Jack Brewer and Sergio Brown, restaurateur Barry Mullineaux and event stager Carlos Antonio, the Vancouver-based cannabis company said in a press release.

READ: Weekend Unlimited completes purchase of 20% stake in California's Canna Candys and Canna Medibles

“The Real Housewives of New York City” stars Ramona Singer and Sonja Morgan and “Mob Wives” star Ramona Rizzo also attended the event, according to the company.

Last month, Cuomo said making adult recreational marijuana use legal in New York State would be a legislative priority for 2019.

Weekend Unlimited said it plans to hold other events with Antonio.

Shares of Weekend Unlimited climbed C$0.02 to C$0.13 in Thursday’s Canadian trading.

On Thursday, the company said it had completed the purchase of the remaining 20% of California's Canna Candys and Canna Medibles that it did not previously own.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 11 Jan 2019 08:08:00 -0500 https://www.proactiveinvestors.com/companies/news/212414/weekend-unlimited-tapped-snoop-dogg-for-big-apple-celebration-of-cuomos-cannabis-legalization-plan-212414.html
<![CDATA[News - Weekend Unlimited completes purchase of 20% stake in California's Canna Candys and Canna Medibles ]]> https://www.proactiveinvestors.com/companies/news/212329/weekend-unlimited-completes-purchase-of-20-stake-in-california-s-canna-candys-and-canna-medibles-212329.html Weekend Unlimited Inc (CSE:YOLO) (OTCMKTS:WKULF) said Thursday that it has completed on the purchase of the remaining 20% of California's Canna Candys and Canna Medibles that it did not previously own.

Under the September agreement, the Vancouver-based company paid US$360,000 in cash and issued 5.1 million shares.

READ: Weekend Unlimited will be steered by new CEO Paul Chu to grow acquired brands in Canada, Jamaica and the US

Canna Candys is in the final steps of beginning operations from a new licensed facility in Adelanto, California, according to Weekend Unlimited.

“The operations team is experienced, having built distribution in Southern California to 380 retail stores, and is expecting additional sales growth this year,” Weekend Unlimited CEO Paul Chu said in a statement.

Shares of Weekend Unlimited fetched C$0.11 in Canadian trading and US$0.07 on the OTC Markets on Wednesday.

Chu, who has more than 25 years in leadership roles across a variety of industries, was appointed CEO last month.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 10 Jan 2019 07:51:00 -0500 https://www.proactiveinvestors.com/companies/news/212329/weekend-unlimited-completes-purchase-of-20-stake-in-california-s-canna-candys-and-canna-medibles-212329.html
<![CDATA[News - Weekend Unlimited says it's poised to benefit from US farm bill signing, other steps toward legalizing cannabis products ]]> https://www.proactiveinvestors.com/companies/news/211780/weekend-unlimited-says-it-s-poised-to-benefit-from-us-farm-bill-signing-other-steps-toward-legalizing-cannabis-products-211780.html Weekend Unlimited Inc (CSE:YOLO) CEO Paul Chu said Friday in a letter to shareholders that the company is poised to benefit from passage of the US farm bill and other legal changes clearing the way for growth in cannabis products.

The Vancouver-based company added that the signing of the farm bill earlier this month by President Donald Trump is expected to lead to the US reclassification of cannabis from a Schedule 1 substance, meaning it has no currently accepted medical use and a significant potential for abuse, to the more lenient Schedule 2.

READ: Weekend Unlimited will be steered by new CEO Paul Chu to grow acquired brands in Canada, Jamaica and the US

Adult recreational use of marijuana is legal in 10 US states and Canada, while medical marijuana is legal in 33 US states. The US farm bill signed by Trump legalized industrial hemp. Thailand, meanwhile, is about to become the first Southeast Asia country to allow medical marijuana.

“Weekend Unlimited is ideally positioned to benefit from the rapidly changing market environments in North America and globally,” Chu said in the letter to shareholders.

Chu added that the company will focus in 2019 on its tetrahydrocannabinol (THC) and cannabidiol (CBD) products. THC is the principal psychoactive constituent of cannabis while CBD is the nonpsychoactive component.

The Schedule 2 category of drugs in the US includes drugs recognized for having medical use yet a significant potential for abuse. Drugs in that category include cocaine and oxycodone

Brand acquisitions

Weekend Unlimited has acquired or announced the intent to acquire brands in Jamaica, California, Washington State, Alberta and British Columbia.

"The company has established strong footholds in and around North America, with a significant existing product portfolio – and an even stronger one in development that harnesses the reach of our existing brands from beverages to candy to flower and beyond,” said Chu, who was tapped to lead the company earlier this month. 

Weekend Unlimited is in the final stages of completing the acquisition of R&D Pharma – Tropicann Jamaica. It's in the advanced stages of its Access to Cannabis for Medical Purposes Regulations application for Northern Lights Organics.

Shares of Weekend Unlimited were at C$0.09 in Friday’s Canadian trading.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 28 Dec 2018 09:44:00 -0500 https://www.proactiveinvestors.com/companies/news/211780/weekend-unlimited-says-it-s-poised-to-benefit-from-us-farm-bill-signing-other-steps-toward-legalizing-cannabis-products-211780.html
<![CDATA[News - Weekend Unlimited will be steered by new CEO Paul Chu to grow acquired brands in Canada, Jamaica and the US ]]> https://www.proactiveinvestors.com/companies/news/211408/weekend-unlimited-will-be-steered-by-new-ceo-paul-chu-to-grow-acquired-brands-in-canada-jamaica-and-the-us-211408.html Weekend Unlimited Inc (CSE:YOLO) has announced Tuesday, the appointment of industry veteran Paul Chu as its president and chief executive officer, to grow the Candian cannabis company’s acquired brands in Canada, Jamaica, and the US.

Chu brings over 25 years of leadership across a variety of industries including CBD cannabis, technology, hardware/software, food and beverage, energy, telecommunications, hospitality, and real estate.

READ: Weekend Unlimited's Jamaican prospect expands production

"Under Mr Cody Corrubia's leadership, Weekend Unlimited has acquired, and entered into agreements to acquire a robust portfolio of brands in flower, edibles and extracts categories," said Kevin Ernst, corporate director, of Weekend Unlimited.

"Cody established the Company in multiple markets including California, Canada, Jamaica, Washington State, and other legal jurisdictions in the United States with the opportunity to leverage a strong product portfolio, positioned for growth in 2019. Working with Paul to add Canna Candys to our portfolio, it became clear that he brings the leadership and experience we need to take Weekend Unlimited to the next level," added Ernst.

Chu has co-founded and held leadership positions at companies in the cannabidiol (CBD) cannabis industry, including HEY MARY and Canna Candys. In addition, he has served as co-founder of High Desert Group and Boom Energy NYC. He has also served as managing director of Johnny Rockets NYC and been the CEO of iSWIMBAND. He earlier co-founded Mobile123, VIAONE Technologies and Urban Wireless.

"I am honored to join Weekend Unlimited, as we build the company into the world's leading recreational cannabis lifestyle brand," said Chu. "I am optimistic about the prospects and opportunities of launching innovative high-quality products and services throughout our existing and new markets. Based on our successes to date, Weekend Unlimited has an unparalleled opportunity to create demand for a consumer-focused portfolio of recreational cannabis brands."

Earlier this year, Weekend Unlimited ventured into the Jamaican market by striking a deal to buy Canadian company R&D Pharma which is building a vertically integrated medical cannabis business on the Caribbean island. R&D Pharma has secured a Tier 3 cultivator's license, one of only three issued in Jamaica.

Chu graduated from Marshall School of Business at the University of Southern California.

 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 18 Dec 2018 07:46:00 -0500 https://www.proactiveinvestors.com/companies/news/211408/weekend-unlimited-will-be-steered-by-new-ceo-paul-chu-to-grow-acquired-brands-in-canada-jamaica-and-the-us-211408.html
<![CDATA[News - Weekend Unlimited's Jamaican prospect expands production ]]> https://www.proactiveinvestors.com/companies/news/210684/weekend-unlimited-s-jamaican-prospect-expands-production-210684.html The cannabis company Weekend Unlimited Inc (CSE:YOLO) announced Thursday that R&D Pharma, its acquisition target in Jamaica, is expanding its marijuana growing operations.

An additional five-acre outdoor plot at the R&D Pharma property in Jamaica is set to be prepared for cultivation beginning next year, which should triple the company’s production.

READ: Weekend Unlimited begins greenhouse construction at Northern Lights Organics subsidiary

And Cody Corrubia, CEO of Weekend Unlimited, reports that 37 additional cannabis strains are being cultivated and ‘phenotyped’ by the Jamaican company as part of an in-depth program to produce unique equatorial and tropical cannabis varieties for both the medical and recreational markets.

Called Tropicann Jamaica, the R&D Pharma property now spans 98 acres, 60 acres of which are usable for cultivation.

The Jamaican company is now producing 13 acclimated strains of cannabis and 120 mother plants, according to Corrubia.

Currently, there are 5.2 acres of terraced outdoor cultivation being used at the site. This includes 3.2 acres of commercial cultivation, which is capable of producing 5,750kg of dry material per year. The remaining two acres are used for research and development, producing 3,000kg.

The site also boasts a 6,000 square foot green house, which houses a 3,600 square foot flower room; this facility is able to produce 600 kg of dry material per year for an onsite dispensary, which is planned to serve tourists.

Weekend Unlimited shares slipped 4.35% to hit C$0.11 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Thu, 06 Dec 2018 07:58:00 -0500 https://www.proactiveinvestors.com/companies/news/210684/weekend-unlimited-s-jamaican-prospect-expands-production-210684.html
<![CDATA[News - Weekend Unlimited begins greenhouse construction at Northern Lights Organics subsidiary ]]> https://www.proactiveinvestors.com/companies/news/210036/weekend-unlimited-begins-greenhouse-construction-at-northern-lights-organics-subsidiary-210036.html The cannabis company Weekend Unlimited Inc (CSE:YOLO), via its subsidiary Northern Lights Organics, has received delivery of its first shipment of two new 3,200 square foot greenhouses.

The new greenhouses, which will boast cannabis-style lighting, pest screening and dehumidification, will be used to expand the production capacity of Northern Lights Organics farm, which spans over 600 acres.

It is expected that the construction of the new greenhouses, which will take about eight weeks, will be completed during January of 2019. Subsequent shipments of greenhouses are scheduled for mid-December.

READ: Weekend Unlimited closes 'highly strategic' Canna Candys, Medibles acquisition

“The new greenhouses will be used to expand the production capacity of the organic farm; and for year-round growing of hemp for high CBD (cannabidiol) seeds and seedlings,” said Cody Corrubia, president and CEO of Weekend Unlimited in a statement.

“The hemp seeds and seedlings will be moved from the greenhouses to the outdoor fields,” Corrubia added.

Art Halleran, founder and president of Northern Lights Organics, was just as bullish that the new greenhouses would boost crop yields.

“Year-round growing will be possible using the greenhouse, even during the winter season,” Halleran noted in a statement.

“Starting outdoor crops using indoor grown starter plants is anticipated to have a significant positive effect on ultimate yields. It is anticipated to further allow us to create our own genetics over the long term,” he added.

The high CBD hemp set to be grown during 2019 in the greenhouses will be utilizing a third-party breeder’s or research license.

Northern Lights is striving to become one of Canada’s first mixed CBD hemp and cannabis farms and is producing certified organic products. The company has submitted an application under Canada’s Cannabis Act for an indoor hybrid cannabis facility for its farm.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Tue, 27 Nov 2018 07:59:00 -0500 https://www.proactiveinvestors.com/companies/news/210036/weekend-unlimited-begins-greenhouse-construction-at-northern-lights-organics-subsidiary-210036.html
<![CDATA[News - Weekend Unlimited closes "highly strategic" Canna Candys, Medibles acquisition ]]> https://www.proactiveinvestors.com/companies/news/209774/weekend-unlimited-closes-highly-strategic-canna-candys-medibles-acquisition-209774.html Cannabis-focused Weekend Unlimited Inc (CSE:YOLO) told investors Thursday it had closed its previously announced acquisition of 80% of  California’s Canna Candys and Canna Medibles - which adds an edibles portfolio to its business.

Canna Candys is a CBD (cannabidiol) product while Canna Medibles is a THC product.

READ: Weekend Unlimited’s Canna Candys to present CBD-infused candy at MJBizCon

"This is a highly strategic acquisition for Weekend, following our business objective to identifying strong brands that require capital and expertise to grow, said Cody Corrubia, the president and CEO of Weekend.

"Paul Chu, CEO of Canna Candys, leads a team with tremendous product development expertise and a thriving distribution network in Southern California," he added.

"Canna Candys and Canna Medibles are perfectly positioned to expand throughout US states where recreational or medical cannabis is legal," said Chu.

"Now, as part of Weekend, we will expand our distribution to build upon the strong foundation in Southern California, adding New York, Florida, Nevada, New Jersey, Texas and on to Europe and Asia."

Notably, the Canna Candys operations have also built distribution in Southern California to 380 retail stores.

Highlights of the agreement included a forecast for same channel revenue for Canna Candys (THC) and Canna Medibles of around US$2 million. There are 31 flavours, single wrap candy and single wrap lollipop.

Weekend provided a secured loan of US$750,000 and converted this note for 51% of the equity in the company that owns these brands.

Weekend paid a further US$690,000 and is in the process of issuing shares worth US$1.44 million at a 5-day VWAP to acquire a further 29% of the company so as to own 80%.

The final 20% can be purchased during a time period ending 90 days after the first closing, for US$ 720,000 to be paid by cash, shares or a combination of the two, as agreed to by the parties.

READ: Weekend Unlimited gains option to buy 49% of Alberta retail cannabis store

Shares in Weekend Unlimited are unchanged on the Canadian Securities Exchange at $0.14.

It has been a busy week for the group. On Tuesday, it revealed it had picked up the option to acquire 49% of the Northern Lights Supply retail store in Nisku, Alberta.

The parties agreed to a convertible, secured 6% interest loan facility on November 15 for up to C$1.2 million, Vancouver-based Weekend Unlimited said in a press release.

Of that amount, Weekend will initially advance C$500,000.

At any time through 2022, Weekend Unlimited said it has the option to convert the full amount of its loan facility into a 49% stake in the retail store. The option is subject to approval by the Alberta Gaming and Liquor Commission.

Shares advanced 7.14% to $0.15 on Thursday in Toronto.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

--updates share price--

 

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Thu, 22 Nov 2018 08:24:00 -0500 https://www.proactiveinvestors.com/companies/news/209774/weekend-unlimited-closes-highly-strategic-canna-candys-medibles-acquisition-209774.html
<![CDATA[News - Weekend Unlimited gains option to buy 49% of Alberta retail cannabis store ]]> https://www.proactiveinvestors.com/companies/news/209612/weekend-unlimited-gains-option-to-buy-49-of-alberta-retail-cannabis-store-209612.html Cannabis company Weekend Unlimited Inc. (CNSX:YOLO) said Tuesday that it has picked up the option to acquire 49% of the Northern Lights Supply retail store in Nisku, Alberta.

The parties agreed to a convertible, secured 6% interest loan facility on November 15 for up to C$1.2 million, Vancouver-based Weekend Unlimited said in a press release. Of that amount, Weekend will initially advance C$500,000.

READ: Weekend Unlimited stock debuts in Canadian trading

At any time through 2022, Weekend Unlimited said it has the option to convert the full amount of its loan facility into a 49% stake in the retail store. The option is subject to approval by the Alberta Gaming and Liquor Commission.

"We look forward to working with the team at Weekend Unlimited in growing our brand in Alberta,” Northern Lights Supply President Derek Shields said in a press release.

With 6,500 square feet of retail space, Northern Lights Supply is one of the largest approved retail cannabis stores in Alberta. It is scheduled to open in December 2018.

Shares of Weekend Unlimited slipped C$0.02 to C$0.14 in Canadian trading on Tuesday. The stock began trading last month.



Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Tue, 20 Nov 2018 12:10:00 -0500 https://www.proactiveinvestors.com/companies/news/209612/weekend-unlimited-gains-option-to-buy-49-of-alberta-retail-cannabis-store-209612.html
<![CDATA[News - Weekend Unlimited’s Canna Candys to present CBD-infused candy at MJBizCon ]]> https://www.proactiveinvestors.com/companies/news/209314/weekend-unlimiteds-canna-candys-to-present-cbd-infused-candy-at-mjbizcon-209314.html Thousands of exhibitors and cannabis connoisseurs are flocking to MJBizCon, the semi-annual professional marijuana trade show celebrating its fifth year.

Cannabis-focused lifestyle brand Weekend Unlimited Inc (CSE:YOLO) is sending recently-acquired Canna Candys on its behalf to showcase its presence in the edibles space.

READ: Weekend Unlimited outlines plans for Verve Beverage Co The CBD hard candy and lollipops comes in 31 flavors, including pineapple, pomegranate, mango chili and horchata.

The candy company has partnered with VESIorb, a company developing a delivery system for the better absorption of CBD.

"Having years of experience pioneering cannabis formulation with candymaking craftsmanship, our partnership with VESIsorb® will technologically set us apart from any other edibles company," said Canna Candys CEO Paul Chu in the company’s press release.

Chu added that the company is looking for distributors and retailers to expand its offerings.

The CBD-infused candies are distributed throughout 380 retail stores in Southern California.

Shares of Weekend Unlimited were up nearly 6% to C$0.18 in Thursday morning trading.

The MJBizCon will take place from November 14 to 16 at the Las Vegas Convention Center.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

 

 

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Thu, 15 Nov 2018 10:20:00 -0500 https://www.proactiveinvestors.com/companies/news/209314/weekend-unlimiteds-canna-candys-to-present-cbd-infused-candy-at-mjbizcon-209314.html
<![CDATA[News - Weekend Unlimited outlines plans for Verve Beverage Co ]]> https://www.proactiveinvestors.com/companies/news/209129/weekend-unlimited-outlines-plans-for-verve-beverage-co-209129.html Cannabis-focused Weekend Unlimited Inc (CSE:YOLO) outlined to investors its big beverage plans as it gave more detail on its plan to buy Verve Beverage Co, for which it has signed a letter of intent.

Verve has a unique positioning in the beverage market and is a very popular brand, with direct sales of $230 million over seven years previously.

"We have the opportunity to reposition the Verve brand and build it out in North American with an existing base of support. Verve Beverage Company has a high-profile position as an official partner of the NHL's San Jose Sharks," noted Cody Corrubia, the president and chief executive at Weekend Unlimited.

Verve also holds the Champ Energy brand, which gives Weekend an accelerated model to launch into CBD-infused beverages, an area that is attracting much interest currently.

Champ, which is the official energy drink of the NHL's San Jose Sharks, allows people to feel the beneficial effects of CBD while getting all the health benefits of a nano water that has been infused with over 78 electrolytes, minerals and glyconutrients, said the firm.

It's also infused with MCT oil infused for additional health benefits, with no added sugar.

The acquisition is still subject to due diligence.

If it goes forward, Weekend has agreed to issue 50 million shares in exchange for 100% of the company holding these two brands, Champ and Verve.

The brands are held subject to a 20-year license agreement that provides a 3% royalty on sales.

Notably, Weekend has entered into a secured US$2 million loan facility pending closing, of which US$750,000 has been advanced.

 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

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Tue, 13 Nov 2018 14:31:00 -0500 https://www.proactiveinvestors.com/companies/news/209129/weekend-unlimited-outlines-plans-for-verve-beverage-co-209129.html
<![CDATA[Media files - Weekend Unlimited expands into Jamaica with 98-acre cannabis farm ]]> https://www.proactiveinvestors.com/companies/stocktube/11141/weekend-unlimited-expands-into-jamaica-with-98-acre-cannabis-farm-11141.html Thu, 08 Nov 2018 11:13:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11141/weekend-unlimited-expands-into-jamaica-with-98-acre-cannabis-farm-11141.html <![CDATA[News - Weekend Unlimited upbeat on tenant Orchard Heights' proof-of-concept cannabis harvest ]]> https://www.proactiveinvestors.com/companies/news/208654/weekend-unlimited-upbeat-on-tenant-orchard-heights-proof-of-concept-cannabis-harvest-208654.html Cannabis-focused Weekend Unlimited Inc (CSE:YOLO) told investors that its tenant company Orchard Heights Growers produced over one ton of high-quality, solar-powered cannabis material.

The company, which is a commercial cannabis Tier 3 producer/processor, conducted its first four days of harvest in Washington from October 30 to November 2.

READ: Weekend Unlimited broadens footprint, gives update on Washington State acquisition

Over the four days, 4,000 pounds of bulk raw cannabis material was harvested from 10,000 sq ft of canopy, expected to generate around US$500,000 in revenue.

The material harvested is expected to produce more than 50,000 grams of premium concentrate, 250,000 prerolls, or a combination of the two with premium concentrate infused prerolls.

"As a proof-of-concept crop, the 4,000 lb of wet material harvested will be used to produce concentrates and prerolls," said Cody Corrubia, Weekend Unlimited's president and chief executive.

"A quantity of the best product will be frozen and reserved for the launch of a premium Live Resin brand this winter."

Orchard Heights is being positioned as a business-to-business (B2B) solution for independent growers looking for choice genetics, farming guidance, and processing and distribution solutions.

Orchard Heights is developing infrastructure, including a nursery with tissue culture technology and robotic automation, enabling the current operation to produce in excess of 2 million per year, which corresponds to over 10 million sq ft of canopy.

The development of the infrastructure noted is underway and will be completed within six months at a cost of around US1 million.

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Tue, 06 Nov 2018 11:33:00 -0500 https://www.proactiveinvestors.com/companies/news/208654/weekend-unlimited-upbeat-on-tenant-orchard-heights-proof-of-concept-cannabis-harvest-208654.html
<![CDATA[News - Weekend Unlimited brand, Jerome Baker Designs, launches the world's largest bong: meet Bongzilla ]]> https://www.proactiveinvestors.com/companies/news/208261/weekend-unlimited-brand-jerome-baker-designs-launches-the-world-s-largest-bong-meet-bongzilla-208261.html It's a whopping two stories high. It's travelled through four states. Meet Bongzilla: a 24-foot-long, fully functional bong. 

Weekend Unlimited Inc (CSE:YOLO) provided an update Wednesday from Jerome Baker Designs' World's Largest Bong launch in Las Vegas.

The Weekend Unlimited brand, Jerome Baker Designs, created the mammoth bong, "Bongzilla," which is now on display at the Cannabition Cannabis Museum in Las Vegas, following a soft launch in September. 

READ: Weekend Unlimited broadens footprint, gives update on Washington State acquisition

"The Jerome Baker brand creates opportunities for Weekend Unlimited to be in front of industry leaders and tastemakers, helping significantly to build brand awareness and further relationships in the US and internationally," said Cody Corrubia, president and CEO of Weekend Unlimited.

"Bongzilla" was made in Seattle at a Weekend Unlimited LIVE sponsored event in April 2018.

The company said the bong was packaged and transported by truck on Highway 95 and then re-assembled in Las Vegas, travelling across four states. 

The facility where Bongzilla lives — the Cannabition Cannabis Museum — has a goal of destigmatizing marijuana use, and is a salute to cannabis culture. 

"It is remarkable to me that "Bongzilla" was able to travel through four states, Washington, Oregon, California and Nevada, where adult recreational use of cannabis is now legal," said Jason Harris, Jerome Baker Designs founder and president. 

"The Jerome Baker brand will be extended through innovative products, from glass to CBD applications to beverages, leveraging our presence in every corner of the industry. This fall we will be working further to build Weekend Unlimited's profile in the US and in Europe, through fantastic events and competitions," said Harris.

Shares of Weekend Unlimited were at C$0.20 on Wednesday. 

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Wed, 31 Oct 2018 11:17:00 -0400 https://www.proactiveinvestors.com/companies/news/208261/weekend-unlimited-brand-jerome-baker-designs-launches-the-world-s-largest-bong-meet-bongzilla-208261.html
<![CDATA[News - Weekend Unlimited broadens footprint, gives update on Washington State acquisition ]]> https://www.proactiveinvestors.com/companies/news/208164/weekend-unlimited-broadens-footprint-gives-update-on-washington-state-acquisition-208164.html Cannabis-focused Weekend Unlimited Inc (CSE:YOLO) said its arms-length acquired Orchard Heights Growers is poised to help the company with its cannabis business, including land, expertise, compliance and equipment necessary to maximize profits and minimize costs. 

"The company identified a need in the Washington cannabis industry for competent, effective, professional services as well as strong marketing and branding which many Washington cannabis business owners have been unable to effectively provide or manage," said Weekend's president and chief executive officer, Cody Corrubia.

"As such, the company, through Weekend Unlimited Washington, intends to supply cannabis business owners with land, expertise, compliance and equipment necessary to maximize profits and minimize costs," said Corrubia.

READ: Weekend Unlimited hails Northern Lights Organics' progress towards organic certification

"Additionally, Weekend Unlimited Washington expects to supply strong branding and marketing expertise to its clients through service and licensing agreements with each cannabis licensee."

Weekend Unlimited Washington LLC is a wholly owned subsidiary company formed in Washington State for the purpose of acquiring the Wenatchee assets and providing a suite of services to cannabis licensees in Washington State including intellectual property identification and strategies, equipment, land lease arrangements, nutrient and agriculture consulting services, and other services to be developed.

In April, the company created agreements to acquire the Wenatchee assets, which include: 

A property located in east Wenatchee, WA, comprising approximately 7.2 acres including a 30,000 sq/ft growing facility, a 16,000 sq/ft plant canopy and a 5,000 sq/ft indoor hydro plant canopy Nursery, production, harvesting and processing equipment including a closed-loop ethanol extraction system, indoor hydroponic equipment, HPS (high-pressure sodium) and LED lights

The deal also includes access to an established retail sales network. 

This part of the transaction closed for a total purchase price of $1 million.

Orchard Heights has strong perks

According to the company, Orchard Heights will deploy an industrial extraction system that can produce consistent high-quality cannabis concentrate and is strategically located on the Columbia River, in central Washington, allowing for expedient distribution to metropolitan markets.

An added benefit is the fact that Orchard Heights has over 300 days of sunshine, with an ideal cultivation climate for cannabis.

The company continues to actively negotiate contracts for services with three Tier 3 producer/processor licensees. 

Shares of Weekend Unlimited were at $0.19 on Tuesday. 

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Tue, 30 Oct 2018 11:35:00 -0400 https://www.proactiveinvestors.com/companies/news/208164/weekend-unlimited-broadens-footprint-gives-update-on-washington-state-acquisition-208164.html
<![CDATA[News - Weekend Unlimited closes acquisition of organic hemp and cannabis grower Northern Lights Organics ]]> https://www.proactiveinvestors.com/companies/news/207471/weekend-unlimited-closes-acquisition-of-organic-hemp-and-cannabis-grower-northern-lights-organics-207471.html Weekend Unlimited Inc (CSE:YOLO) announced Friday that the Canadian company, which holds interests in various cannabis-related companies, has closed the acquisition of Northern Lights Organics in Fort St James, British Columbia, through a wholly owned subsidiary.

Weekend Unlimited, which debuted Monday on the Canadian Securities Exchange, said in its filing that it had closed the acquisition by October 10. 

Weekend Unlimited is the result of a 1:2 consolidation in the combination of Open Source Health Inc and Weekend Unlimited. The resulting company continues under the name Weekend Unlimited. All the assets previously held by Open Source in the online health space have been sold.

“Northern Lights Organics farm spans over 600 acres of organic soils to grow organic hemp for CBD and outdoor organic cannabis,” said Weekend Unlimited CEO Cody Corrubia.

“Organic cannabis generally commands a 24% premium and is preferred by consumers. There are only three licensed producers currently that are organic, which puts this acquisition in a prime position to lead the industry in the hemp, CBD offerings,” he added.

READ: Weekend Unlimited debuts on Canadian Securities Exchange

Weekend Unlimited through Northern Lights Organics Ltd, a wholly owned subsidiary, has an option to approximately one section (640 acres) of organic farmlands located at Fort St. James, together with a three-year option to purchase the land.

The company paid $18 million in shares for the acquisition of Northern Lights Organics Ltd, which will be subject to a three-year escrow release period. Weekend Unlimited has agreed to issue an additional 3 million shares in relation to the acquisition of Northern Lights Organics Ltd. Both sides have also agreed on milestone payments centering on the issuance of a cultivation license and completion of a 100,000 square foot expansion greenhouse as part of a phase two expansion.

Northern Lights will have up to 120 acres of land for outdoor organic hemp cultivation during the 2019 growing season, while indoor cannabis cultivation will be housed in a 68,000 square feet of purpose-built hybrid greenhouse facility with craft-style grow rooms.

With assets secured in British Columbia, Washington State and internationally through Jerome Baker Designs, Weekend Unlimited is establishing itself as an integrated cannabis company.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Fri, 19 Oct 2018 08:01:00 -0400 https://www.proactiveinvestors.com/companies/news/207471/weekend-unlimited-closes-acquisition-of-organic-hemp-and-cannabis-grower-northern-lights-organics-207471.html
<![CDATA[News - Weekend Unlimited debuts on Canadian Securities Exchange ]]> https://www.proactiveinvestors.com/companies/news/207121/weekend-unlimited-debuts-on-canadian-securities-exchange-207121.html Weekend Unlimited Inc (CSE:YOLO) debuted on Monday on the Canadian Securities Exchange, rising more than 83% from its IPO price to trade as high as C$0.285 in late afternoon business.

The stock closed on Monday at C$0.27, up 80% on the day.

The company is the result of a 1:2 consolidation in the previously announced combination of Open Source Health Inc and Weekend Unlimited, a private company which holds interests in various cannabis-related companies. The resulting company continues under the name Weekend Unlimited. All of the assets previously held by Open Source in the on-line health space have been sold.

Weekend Unlimited has built momentum in the lead up to going public, with an existing portfolio in Washington State, Orchard Heights Growers, British Columbia, Northern Lights Organics and internationally, and Jerome Baker Designs in the effort to build a foundation for growth. 

With assets secured in British Columbia, Washington State and internationally through Jerome Baker Designs, Weekend Unlimited is establishing itself as an integrated cannabis company.

Jerome Baker Designs has a pending launch of its CBD line of products in the fall of 2018.

Northern Lights Organics will become Canada's first high CBD-focused hemp and cannabis farm, grown from certified organic soils with the final products likewise certified as organic. The Northern Lights Organics Campus will include an extraction facility for CBD hemp oils and concentrates. 

Orchard Heights Growers in Washington State are focused on premium quality indoor cultivation and processing. The company provides a combination of mixed light greenhouses with a processing room for extraction.

Reporting by Rene Pastor; contactable on rene.pastor@proactiveinvestors.com

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Mon, 15 Oct 2018 15:35:00 -0400 https://www.proactiveinvestors.com/companies/news/207121/weekend-unlimited-debuts-on-canadian-securities-exchange-207121.html