Proactiveinvestors USA & Canada Weekend Unlimited Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Weekend Unlimited Inc. RSS feed en Wed, 19 Jun 2019 02:07:59 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Weekend Unlimited swings into full production for July launch of wknd! cannabis brand in Washington state ]]> https://www.proactiveinvestors.com/companies/news/222344/weekend-unlimited-swings-into-full-production-for-july-launch-of-wknd-cannabis-brand-in-washington-state-222344.html Weekend Unlimited Inc (CSE:POT)(OTCQB:WKULF) said Tuesday that its flagship wknd! branded product line consisting of pre-rolls, vape pens and cannagars is in full production ahead of its July launch in Washington state.

"Our team has worked tirelessly to both design and produce a wknd! branded product line for launch in Washington, under the proviso that the product line must be replicable in other states systematically and sustainably," said Weekend CEO Chris Backus.

The Vancouver-based lifestyle brand has developed proprietary blends and formulations for its branded pre-rolls, cannagars and vape pens — each available in three different product lines called Bliss, Now and Escape.

READ: Weekend Unlimited goes on acquisition trail to win at cannabis game

The company said that pre-rolls for wknd!'s Bliss, Now and Escape brands will use “high quality strains” for product consistency and will be packaged in custom high-5 collector tins.

Similarly, the cannagars will use high quality strains and be targeted at the cannabis connoisseur.

Meanwhile, the vape pens and cartridges will carry “a proprietary formulation for consistent taste” and effect, said the company.

Washington is a key test market

"This market rollout serves multiple purposes, first, we have developed a branded product line to raise awareness and start building affinity for the wknd! flagship brand,” said Backus. “Second, the line has been developed with product attributes and formulations that can be consistently produced and replicated in other states.”

The availability of legal weed makes Washington a popular tourist destination. As a result, many cannabis companies have moved into the state to start their businesses in the burgeoning marijuana industry. 

“Very importantly, with Washington State operating in the sector so efficiently in regard to both processes and relationships, we are designing and testing both our products and processes for long-term success here before expanding into additional states," said Backus.

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. The company which focuses on both the cannabis and CBD (cannabidiol) markets, boasting operations in the US, Canada and Jamaica. It has been making steady inroads into the US market.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 18 Jun 2019 09:09:00 -0400 https://www.proactiveinvestors.com/companies/news/222344/weekend-unlimited-swings-into-full-production-for-july-launch-of-wknd-cannabis-brand-in-washington-state-222344.html
<![CDATA[News - Weekend Unlimited goes on acquisition trail to win at cannabis game ]]> https://www.proactiveinvestors.com/companies/news/216042/weekend-unlimited-goes-on-acquisition-trail-to-win-at-cannabis-game-216042.html What Weekend Unlimited does

Weekend Unlimited focuses on both the cannabis and CBD (cannabidiol) markets, boasting operations in the US, Canada and Jamaica.

CEO Chris Backus describes the Vancouver Company as a global consumer packaged goods Company with a focus on cannabis. 

Weekend Unlimited has spent the last several months on the acquisition trail, scooping up companies, production facilities and investment stakes as it looks to establish dominance in the cannabis space.

Its recent move into Jamaica, which covers the acquisition of 145 acres of cultivation property, will pave the way for Weekend to develop cannabis brands for the island nation as well as for international export. It will also allow the Company to forge ahead in Jamaica’s lucrative market for medical cannabis.

Also on the roster of recent wins is the acquisition of Canna Candys, the maker of mixed fruit gummies enhanced with hemp oil extract. While production facilities remain in California, the gummies are also set to be sold in the US’s Northeast, Midwest and Southeast regions.

Another coup for Weekend’s sales in Canada is the recent licensing and grand opening of its subsidiary Northern Lights Supply in Nisku, Alberta. The store offers 6,500 square feet of retail space, making it one of the largest approved retail cannabis stores in Alberta.

Weekend’s business in Washington state is moving ahead with its efforts to provide processing and distribution to the popular Boggy Boon-branded cannabis Company Seven Hills. Boggy Boon-branded cannabis is cultivated in a 28,000 square feet facility located in Wenatchee, a town in north-central Washington, where Weekend’s subsidiary Orchard Heights Growers is also conveniently located.

How is it doing?

The Company is generating buzz, highlighted by its drink Champ Energy sponsoring the wildly popular South by Southwest (SXSW) music and film festival in Austin, Texas in March of 2019.

With many of its businesses still getting off the ground, Weekend reported a net loss in the three months ending in December but the company has cash in its war chest after seeing its assets jump to $12.5 million at the close of December from $8.77 million in the previous quarter.

Since taking over at the helm in April, CEO Chris Backus has been taking stock of how each of Weekend’s businesses fits within the whole organization, exploring new opportunities and begun a rebranding campaign. "I have an immediate mandate to execute on ready-to-go initiatives that will drive revenues while building strong consumer awareness of the company's brands,” he says.

Backus, who also joined the company’s board in April, has a background in negotiation as a former senior officer with the Royal Canadian Mounted Police and as a strategic advisor to peacekeeping operations in Ivory Coast at the United Nations.

Weekend Unlimited recently underwent a brand identity redesign and unveiled a new wknd! product line consisting of pre-rolls, vape pens and cannagars which it will launch in July in Washington State.

The Vancouver-based lifestyle brand has developed proprietary blends and formulations for its branded pre-rolls, cannagars and vape pens — each available in three different product lines called Bliss, Now and Escape.

Looking ahead, Backus hopes to widen Weekend’s business beyond Canada, Jamaica and the West Coast of the US and push East into New York, New Jersey and Massachusetts.

What the boss says

“Very importantly, with Washington State operating in the sector so efficiently in regard to both processes and relationships, we are designing and testing both our products and processes for long-term success here before expanding into additional states," said Backus.

Contact Ellen Kelleher at ellen@proactiveinvestors.com 

 

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Mon, 17 Jun 2019 06:00:00 -0400 https://www.proactiveinvestors.com/companies/news/216042/weekend-unlimited-goes-on-acquisition-trail-to-win-at-cannabis-game-216042.html
<![CDATA[Media files - Buds & Duds: Cannabis stocks drop but Weekend Unlimited shares jump on CBD hemp seed news ]]> https://www.proactiveinvestors.com/companies/stocktube/13717/buds--duds-cannabis-stocks-drop-but-weekend-unlimited-shares-jump-on-cbd-hemp-seed-news-13717.html Wed, 12 Jun 2019 16:36:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13717/buds--duds-cannabis-stocks-drop-but-weekend-unlimited-shares-jump-on-cbd-hemp-seed-news-13717.html <![CDATA[News - Buds & Duds: Cannabis stocks drop but Weekend Unlimited shares jump on CBD hemp seed news ]]> https://www.proactiveinvestors.com/companies/news/221993/buds--duds-cannabis-stocks-drop-but-weekend-unlimited-shares-jump-on-cbd-hemp-seed-news-221993.html Cannabis stocks continued to drop Wednesday with broad losses across North American markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was down 1.1% to 244.5 points on Wednesday. The Horizons Marijuana Life Sciences Index ETF was down 1.4% to C$18.87. The OTCQX Cannabis Index was down 0.2% at 759.9 points.

Buds

Weekend Unlimited Inc (CSE:POT)(OTCQB:WKULF) shares were on the up-and-up Wednesday after it announced it has successfully produced more than 50,000 high-CBD hemp seeds at its 600-acre Northern Lights Organics farm in British Columbia.

Shares of Weekend Unlimited jumped 20% at C$0.06 in Canadian trading, up 6.5% at US$0.04 in New York. 

The Canadian recreational cannabis company says it now can produce and supply high-CBD hemp seeds on a much-larger scale following the success of the test plot.

"Translating the results of this test plot in the nursery greenhouse to the larger greenhouse, which has 40 times the capacity, equates to approximately 2,000,000 seeds which is enough to plant over 600 acres,” said President Arthur Halleran.

READ: Weekend Unlimited harvests 50K high-CBD hemp seeds at its Northern Lights Organics farm

Other gainers Wednesday included Nabis Holdings Inc (CSE:NAB), which announced Wednesday that it will acquire Desert’s Finest, a 6,000 square-foot dispensary in California. The Canadian investment company said the dispensary, which is licensed by the state government for the sale of cannabis products, includes the potential for a license expansion to add production and cultivation activities on the property, according to a statement.

The firm will pay $5.6 million for the dispensary -- $1.9 million in cash and $3.8 million of Nabis common stock.

“As we continue national expansion of the Nabis footprint, we are pleased to announce our first acquisition in the state of California, one of the dominant cannabis markets in the United States,” said CEO Shay Shnet in a statement. “Desert’s Finest has successfully generated material revenue driven in part by their convenient dispensary location in the Palm Springs region and extensive list of registered patients."

READ: Nabis Holdings to buy Desert’s Finest, a California dispensary near Coachella

Other stocks gaining Wednesday included Terra Tech Corp (OTCMKTS:TRTC), which was up 6.8% at US$0.68 on no news. 

Duds

There were several laggards Wednesday. 

MJardin Group Inc (OTCMKTS:MJARF) (CSE:MJAR) shares dropped sharply on Wednesday, down 11.8% at C$1.27 in Toronto.

Shares of HEXO Corp. (TSE:HEXO) (NYSEAMERICAN:HEXO) slipped 3.3% at C$8.50 in Canadian trading, likely in anticipation of its third-quarter earnings results, set to come out today. Last quarter, the company suprised on earnings, beating analyst estimates handily. 

Planet 13 Holdings Inc (CSE:PLTH) (OTCMKTS:PLNHF) shares continued to drop on Wednesday, down 1.6% at US$2.07 in New York.

 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 12 Jun 2019 10:52:00 -0400 https://www.proactiveinvestors.com/companies/news/221993/buds--duds-cannabis-stocks-drop-but-weekend-unlimited-shares-jump-on-cbd-hemp-seed-news-221993.html
<![CDATA[News - Weekend Unlimited harvests 50K high-CBD hemp seeds at its Northern Lights Organics farm ]]> https://www.proactiveinvestors.com/companies/news/221987/weekend-unlimited-harvests-50k-high-cbd-hemp-seeds-at-its-northern-lights-organics-farm-221987.html Weekend Unlimited Inc (CSE:POT)(OTCQB:WKULF) announced Wednesday it has successfully produced more than 50,000 high-CBD hemp seeds at its 600-acre Northern Lights Organics farm in British Columbia.

The Canadian recreational cannabis company said it now has the ability to produce and supply high-CBD hemp seeds on a much-larger scale following the success of the test plot.

Weekend Unlimited, based in Vancouver, is looking to harvest up to 2 million high-CBD hemp seeds.

READ: Weekend Unlimited ramps up production at Northern Lights Organics hemp farm

"Translating the results of this test plot in the nursery greenhouse to the larger greenhouse, which has 40 times the capacity, equates to approximately 2,000,000 seeds which is enough to plant over 600 acres,” said President Arthur Halleran.

The company planted the high-CBD hemp plants in January and harvested the seeds in May. The company had said it planted 3,500 plants with a CBD content between 5% and 5.9% of dry weight.

The vast majority of CBD (cannabidiol) is extracted from hemp, which is a cannabis plant that has trace amounts of THC (0.3% or less when dried), the psychoactive compound that gets people “high.”

Weekend Unlimited's stock recenty traded flat at C$0.05 in Toronto and down 2.4% to US$0.04 on the OTC Markets. 

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Wed, 12 Jun 2019 09:18:00 -0400 https://www.proactiveinvestors.com/companies/news/221987/weekend-unlimited-harvests-50k-high-cbd-hemp-seeds-at-its-northern-lights-organics-farm-221987.html
<![CDATA[Media files - Weekend Unlimited getting ready for major product launch in Washington State ]]> https://www.proactiveinvestors.com/companies/stocktube/13686/weekend-unlimited-getting-ready-for-major-product-launch-in-washington-state-13686.html Tue, 11 Jun 2019 06:55:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13686/weekend-unlimited-getting-ready-for-major-product-launch-in-washington-state-13686.html <![CDATA[News - Weekend Unlimited to launch WKND! cannabis brand in Washington State ]]> https://www.proactiveinvestors.com/companies/news/221641/weekend-unlimited-to-launch-wknd-cannabis-brand-in-washington-state-221641.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) has officially launched production of its WKND! line of products in Washington State.

The Vancouver lifestyle brand will begin with cannabis cigars, or Cannagars, and ultimately include vape cartridges and pre-rolled cigarettes.

Shares held at C$0.06 on the CSE and climbed 2.6% to US$0.04 on OTC markets.

Cannagars are produced from Washington State hybrid, indica, and sativa marijuana strains. They will be available in three flavors: Bliss, Escape and Now.

READ: Weekend Unlimited bolsters capacity at Northern Lights Organics hemp farm

"Founded as a lifestyle brand, Weekend Unlimited's focus is on the development, sales and distribution of brands that will appeal to the many different types of recreational users of cannabis and related products," CEO Chris Backus said. "The company's flagship WKND! brand has been met with tremendous enthusiasm by retailers and we are excited to be in production of the first WKND! branded products led by a Cannagar, which is in high demand in Washington State."

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Thu, 06 Jun 2019 08:19:00 -0400 https://www.proactiveinvestors.com/companies/news/221641/weekend-unlimited-to-launch-wknd-cannabis-brand-in-washington-state-221641.html
<![CDATA[News - Weekend Unlimited bolsters capacity at Northern Lights Organics hemp farm ]]> https://www.proactiveinvestors.com/companies/news/221395/weekend-unlimited-bolsters-capacity-at-northern-lights-organics-hemp-farm-221395.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) has upgraded capacity at its 600-acre Northern Lights Organics hemp farm in British Columbia.

The lifestyle-based cannabis company has completed construction on a pair of 3,000 square-foot greenhouses, originally purchased at the end of 2018, and connected them to the BC Hydro electrical grid.

Installation of systems including lighting, heating and irrigation are currently underway.

Meanwhile, its 6,000 square foot greenhouse is expected to be ready for planting in August. That would put the first harvest in December.

READ: Weekend Unlimited ramps up production at Northern Lights Organics hemp farm

The Vancouver-based company recently cleared another 170 acres of its farm, bringing the total acres cleared to 468.

“We are building capacity and capabilities so that we can pursue high [cannabidiol] hemp opportunities as the Canadian regulations open up later this year," Northern Lights Organic President Art Halleran said. "We believe strongly that Canadian consumers want Certified Organic CBD and the Northern Lights Organics brand is positioned to be the country's trusted leader in providing Certified Organic CBD derived from hemp,"

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Mon, 03 Jun 2019 08:04:00 -0400 https://www.proactiveinvestors.com/companies/news/221395/weekend-unlimited-bolsters-capacity-at-northern-lights-organics-hemp-farm-221395.html
<![CDATA[News - Weekend Unlimited ramps up production at Northern Lights Organics hemp farm ]]> https://www.proactiveinvestors.com/companies/news/219979/weekend-unlimited-ramps-up-production-at-northern-lights-organics-hemp-farm-219979.html Weekend Unlimited Inc (CSE:POT) (FSE:0OS1) (OTCQB:WKULF) is one step closer to full-scale hemp production on the 600-acre farm it acquired in October.

The recreational cannabis company planted 3,500 high-cannabidiol plants at the Northern Lights Organics facility in January, the company announced Thursday.

The plants, obtained from a third-party breeder, include three hemp varieties with CBD content between 5% and 5.9% of dry weight and THC less than 0.3%.

READ: Weekend Unlimited wins CannaGather award

"Northern Lights Organics, Canada's northernmost organic high CBD hemp grower, has advanced substantially as it builds out operations to meet demand from the upcoming product expansion in the Canadian cannabis industry, with the focus on Certified Organic CBD," Northern Lights Organics President Art Halleran said.

The hemp grew well despite a colder than normal winter, Halleran said, and harvesting will begin within the next few weeks. A portion of the harvested seeds will be planted in an outdoor test plot in May.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Thu, 09 May 2019 08:04:00 -0400 https://www.proactiveinvestors.com/companies/news/219979/weekend-unlimited-ramps-up-production-at-northern-lights-organics-hemp-farm-219979.html
<![CDATA[News - Weekend Unlimited wins CannaGather award ]]> https://www.proactiveinvestors.com/companies/news/219888/weekend-unlimited-wins-cannagather-award-219888.html Weekend Unlimited Inc (CSE:POT) (FSE:0OS1) (OTCQB:WKULF) took home a trophy at the fifth annual CannaGather event in New York City.

The recreational cannabis company was one of five awarded in the “Operators” category of companies with a market cap above $25 million.

CannaGather is a New York cannabis industry group that holds education and networking events. The award ceremony, celebrating its fifth anniversary, was held on April 23.

READ: Weekend Unlimited earns DTC trading eligibility

"We are thrilled to be recognized in the Operators category along with Canopy Growth Corporation (NYSE:CGC), Curaleaf Holdings (CNSX:CURA), Acreage Holdings (CNSX:ACRG.U) and Greenlane Holdings (NASDAQ:GNLN) as award winners," interim President and CEO Chris Backus said. "At this stage of our nascent industry it is vital that we come together in these venues to share ideas and collaborate on the overall growth of the industry as it will benefit consumers, legislators and the companies that are embracing a leadership role in that regard, as we do."

CannaGather presented awards in four categories: entrepreneurs, operators, investors and champions.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Wed, 08 May 2019 08:31:00 -0400 https://www.proactiveinvestors.com/companies/news/219888/weekend-unlimited-wins-cannagather-award-219888.html
<![CDATA[News - Weekend Unlimited earns DTC trading eligibility ]]> https://www.proactiveinvestors.com/companies/news/219719/weekend-unlimited-earns-dtc-trading-eligibility-219719.html Shares of Weekend Unlimited Inc (CSE:POT (OTCMKTS:WKULF) are now eligible to be traded through the Depository Trust Company.

DTC eligibility allows the cannabis company, which trades on the OTCQB in the US, to be traded electronically without the transfer of physical share certificates.

The plan is to get Weekend stock in front of a wider base of potential shareholders.

READ: Weekend Unlimited names Chris Backus interim president and CEO

"With DTC eligibility, Weekend's shareholders will be better served in the US," Director Brian Keane said. "DTC eligibility increases visibility with US investors overall, making it easier for investors to participate as we grow this company. In addition, we anticipate that our shareholders will benefit from increased liquidity and a larger shareholder base."

Weekend Unlimited is a recreational cannabis company with operations in Canada, the US and Jamaica.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Mon, 06 May 2019 08:54:00 -0400 https://www.proactiveinvestors.com/companies/news/219719/weekend-unlimited-earns-dtc-trading-eligibility-219719.html
<![CDATA[Media files - Weekend Unlimited's new CEO has a clear and strong vision to take the company in to the future ]]> https://www.proactiveinvestors.com/companies/stocktube/13228/weekend-unlimited-s-new-ceo-has-a-clear-and-strong-vision-to-take-the-company-in-to-the-future-13228.html Mon, 06 May 2019 06:16:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13228/weekend-unlimited-s-new-ceo-has-a-clear-and-strong-vision-to-take-the-company-in-to-the-future-13228.html <![CDATA[News - Weekend Unlimited names Chris Backus interim president and CEO ]]> https://www.proactiveinvestors.com/companies/news/219489/weekend-unlimited-names-chris-backus-interim-president-and-ceo-219489.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced Wednesday that Chris Backus will be the interim president and CEO of the company.

Backus, who sits on the board of directors, is stepping in to lead the Canadian cannabis company effective immediately, after Paul Chu announced he is stepping down.

Shares jumped more than 11% to C$0.10 in Toronto and slid 4.8% to US$0.06 on the OTC Markets.

WATCH: Weekend Unlimited's newest board member, Christopher Backus, is a former Mountie

''On behalf of the board of directors, we wish Paul Chu the best in the future and thank him for applying his consumer-packaged goods knowledge toward the development of the company's new wknd! brand product line,'' said Weekend Unlimited director Kevin Ernst in a statement. ''We are excited to move forward with Chris in position to lead the company to its full potential; he will be primarily focused on delivering results for our shareholders.''

Backus, who joined the company’s board in April, has a background in negotiation as a former senior officer with the Royal Canadian Mounted Police and as a strategic advisor to peacekeeping operations in Ivory Coast at the United Nations.

Weekend Unlimited recently underwent a brand identity redesign and unveiled a new wknd! product line. 

''I am energized to accept this leadership role with Weekend Unlimited,” Backus said. “Working with the board and the team, my focus is entirely toward harnessing the company's assets to deliver results for shareholders. This means an immediate mandate to execute on ready-to-go initiatives that will drive revenues while building strong consumer awareness of the company's brands.”

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Wed, 01 May 2019 10:06:00 -0400 https://www.proactiveinvestors.com/companies/news/219489/weekend-unlimited-names-chris-backus-interim-president-and-ceo-219489.html
<![CDATA[Media files - Weekend Unlimited's newest board member, Christopher Backus, is a former Mountie ]]> https://www.proactiveinvestors.com/companies/stocktube/12985/weekend-unlimited-s-newest-board-member-christopher-backus-is-a-former-mountie-12985.html Fri, 12 Apr 2019 10:18:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12985/weekend-unlimited-s-newest-board-member-christopher-backus-is-a-former-mountie-12985.html <![CDATA[News - Weekend Unlimited unveils new product line with redesigned logo ]]> https://www.proactiveinvestors.com/companies/news/218343/weekend-unlimited-unveils-new-product-line-with-redesigned-logo-218343.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) announced a new brand identity and product line on Wednesday headlines by a redesigned, colorful logo.

The lowercase emblem and its cheerful color palette will feature on all the recreational cannabis company’s products.

“Though the cannabis industry is nascent, we believe authentic brands with compelling stories and dependable, high-quality products will win,” President and CEO Paul Chu said. “Our new brand connects our products to consumers in a way that is approachable and fun.”

READ: Weekend Unlimited taps Christopher Backus to replace Morie Shacker

The Vancouver company also unveiled a new pop art-inspired line of products set to launch in May, featuring THC and cannabidiol vaporizer pens and pre-rolled cannabis cigarettes.

The line also includes hemp-based gummies, an anti-inflammatory pain relief tincture, a pain relief cream, and an intimacy play spray.

Shares slipped 4.6% to C$0.10 on the CSE and 4.8% to $US 0.08 on OTC markets.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Wed, 10 Apr 2019 10:52:00 -0400 https://www.proactiveinvestors.com/companies/news/218343/weekend-unlimited-unveils-new-product-line-with-redesigned-logo-218343.html
<![CDATA[News - Weekend Unlimited charges forward in cannabis space ]]> https://www.proactiveinvestors.com/companies/news/218352/weekend-unlimited-charges-forward-in-cannabis-space-218352.html Weekend Unlimited (CSE:POT) (OTCQB:WKULF) is a cannabis-focused investment company that has been making steady progress in the US, marked recently by its move to switch its headquarters to New York from Vancouver. The company specializes in figuring out how to scale small to medium-sized cannabis companies and focuses on those selling cannabis flower, extracts and edibles.

Its CEO Paul Chu has been in charge at Weekend since December of 2018.  In a recent catch-up, Proactive Investors got the chance to pick his brain about what lies ahead.

__________________________________________________________________________________________________________________________________________________________________

Can you offer a glimpse of what Weekend’s new Jamaican operations are like?

I just did a 48-hour trip to our properties in Jamaica to check out infrastructure and distribution channels there. Everything about Jamaica is about the possibilities. We have amazing properties there in Ocho Rios as well as Westmoreland. Between the two estates, we have 145 acres of outdoor grow. We’re not going to use every single acre, but there are some ways we want to maximize the land use. We also want to make it more into an eco-tourism area. There’s a zip line that’s going to be implemented. A café. We’re trying to make it so it does become a destination. Tourism is really big there. Some 3.6 million people go there every year and the island only has a population of 3 million. There’s always room for tourism and we want to cater to that. Everyone thinks Jamaica has been growing weed and yes, they have been for a long, long time. But it’s not structured to be exportable.

We’re not going to go vertical in one year and do everything well there. I think it’s going to take many years to get it right. But we have to focus on the things that we can do well and do them very well. Jamaica has a lot of import and export potential too which makes it somewhat of a unique place.

How do you think about your business?

We’re trying to sell happiness and, in the process, we are creating happiness. Whether it’s the staff that we have or whether it’s the products we’re marketing and selling.

It takes time to get the right product and right pricing structure and the important thing is creating the right type of following for your product. The brand doesn’t just happen overnight and either does that element of growth and scalability. It takes patience. It takes execution and it takes the right roll-up plan in terms of targeting.

We are going to rebrand everything under the Weekend Unlimited Brand. We want to have a much broader approach for the brand and that branding has to reflect a more encompassing joy. When people hear Weekend, there’s a lot of positive connotations. We want to extend that into our branding and our products.

Can you go into more detail about your various divisions?

We see the world as two. There’s the very regulated THC side of our business and the somewhat less-regulated hemp and CBD side. We do have beverage production out of Arizona, with Verve Beverage and CHAMP Energy, which will have a CBD and a hemp line. In California, we have licensing and packaging for our candy products as well as vapes and flower. So, we will have the standard products – flower, concentrate and topicals and we also want to get into the wellness side of the cannabis business.

Then, we have Orchard Heights which has worked out a co-branding deal with Boggy Boon, which is a very well-known cannabis brand in Washington state. By combining our Orchard Heights along with Boggy Boon, we are actually able to increase production and increase our packaging. There’s also going to be a big opportunity for us to get into tissue culture and figure out how to commercialize it in a way that is scaleable. It’s a technology that very few have been able to scale.

Haven’t you also recently moved into Oklahoma?

Yes, We’ve signed a letter of intent to acquire vertically integrated operations in the town of Wilburton. The deal includes a seven-acre property with 20,000 feet of indoor facilities housing a nursery for cultivation as well as extract production. There is also space for a store that will be Weekend’s first in Oklahoma and Weekend’s Canna Candys brands will be produced and packaged there.  We have a grow license. And licenses have been won for cultivation, processing and transportation and an application is in place for a retail license. We also have manufacturing, packaging and distribution and we’ve also applied for a retail dispensary license.  We think this business will result in a relatively quick production of revenue in the next 45 days rather than the usual nine months.

What’s your approach like in Canada?

Our brand is called Northern Lights Supply in Nisku, Alberta and it’s right next to Highway 2, a big Canadian corridor. We’re obviously in revenue with Northern Lights Supply. The opening of the store in February brought in sales of C$27,000. We’re seeing pretty amazing numbers so far that are coming out of the retailing of cannabis. The store offers 6,500 square feet of retail space, making it one of the largest approved retail cannabis stores in Alberta. It’s a very big store, too big almost. But we’ve also been able to fill up the space with a great combination of events planning and education.

What markets are you keen to push into after moving your headquarters to NYC from Vancouver?

New York, New Jersey and Massachusetts are three main markets that we will be in. It’s just a question of when we’ll be able to participate in them.

What was it like for the company to win the POT stock ticker symbol on the Canadian Stock Exchange thanks to a random lottery?

We all felt very lucky. It’s just scratching the surface, but the word pot is mentioned so often. But to truly drive the company, the stock can’t just be a catchy ticker. You have to get behind your people and your product and ultimately your customers will say whether you have a great product or not.

Can you tell us a bit about your background as you’re new to the job?

Many years ago, I was in the beverage market almost by accident. I was graduating from the University of Southern California’s Entrepreneurship program and I started developing  new products and new distribution channels for Hansen Beverage Company. We started playing with herbal infusions and ginseng and guarana and those new product development efforts became Monster Energy Drink. I was so thrilled to be a part of the energy drink movement and it was a great opener to understand what distribution is all about. After that, I went on to set up the first pre-paid wireless company in the US called Urban Wireless. It was a really, really great time and then we got acquired by T Mobile.

How did you climb to the helm of Weekend?

The way I got interested in the cannabis and hemp space is that I injured myself travelling with my kids to Cancun. I had to lift a suitcase for inspection at the airport and I was carrying my two-year-old and heard my shoulder pop. I ended up tearing the rotary cuff on my right shoulder. I’ve always been very active. I’ve always swam. I’ve always run. But I was disabled and my doctor said surgery pain treatment was opioids. I discovered cannabis for its properties of anti-inflammation. Nothing else works. And then I started digging around about how you dose and found that the market was lacking information about dosing. So, I ended up creating Hey Mary, a device that sits on your counter and using artificial intelligence, can be used to create personalized dosing of cannabis. You can think of it as a Keurig for cannabis that knows your needs. We filed for international PCT (patent cooperation treaty) protection and are in the process of getting it prototyped. Around that time, I got approached by a friend’s company Canna Candys, a THC candy company in Southern California. While I was there, we got a knock on the door. It was Weekend Unlimited saying we know what you’re doing and we love it. They acquired us and then asked whether I would consider helping to run it. Their pitch was we can have fun and probably make a great deal of money at it.

-- This Q&A has been lightly edited. --

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Wed, 10 Apr 2019 10:47:00 -0400 https://www.proactiveinvestors.com/companies/news/218352/weekend-unlimited-charges-forward-in-cannabis-space-218352.html
<![CDATA[News - Weekend Unlimited taps Christopher Backus to replace Morie Shacker ]]> https://www.proactiveinvestors.com/companies/news/218054/weekend-unlimited-taps-christopher-backus-to-replace-morie-shacker-218054.html Weekend Unlimited (CSE:POT) (OTCMKTS:WKULF) on Friday announced that Christopher Backus, a former senior officer with the Royal Canadian Mounted Police, has joined the company’s board, replacing Morie Shacker, who is stepping down.

In addition to his time with the Mounties, Backus has also worked with the United Nations as a strategic advisor to peacekeeping operations and negotiations in Cote D’Ivoire (Ivory Coast, West Africa). He holds a master’s degree in conflict management and interest-based negotiations from Royal Roads University in Victoria, British Columbia.

READ: Weekend Unlimited to open first concept store in California next month

“Chris is bringing a tremendous skill set and perspective to the board at this exciting time for the company as we launch our brands into multiple markets,” said Paul Chu, Weekend Unlimited’s CEO in a statement. “And on behalf of our directors, I want to thank Morie Shacker for all his efforts.”

In other news, the New York-based cannabis company says it changed its prior ownership interest in Jerome Baker to a license agreement. Under the deal’s terms, Weekend can use the Jerome Baker trademark and other intellectual property relating to a wide range of cannabis products for five years without any royalty obligations.

READ: Weekend Unlimited opens its global headquarters in the Big Apple

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.

The company has been making steady inroads into the US, after switching its global headquarters to New York City from Vancouver just last month.

Weekend Unlimited shares closed at C$0.11 on Thursday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Fri, 05 Apr 2019 07:49:00 -0400 https://www.proactiveinvestors.com/companies/news/218054/weekend-unlimited-taps-christopher-backus-to-replace-morie-shacker-218054.html
<![CDATA[News - Weekend Unlimited kicks off sale of Canna Candys hemp oil gummies in Northeast US ]]> https://www.proactiveinvestors.com/companies/news/217866/weekend-unlimited-kicks-off-sale-of-canna-candys-hemp-oil-gummies-in-northeast-us-217866.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) has kicked off the distribution of its Canna Candys mixed-fruit gummies in the Northeast corridor of the US after shipping its first order of the hemp-oil infused candies.

The sale of Canna Candys on the northern half of the Eastern seaboard will be followed by the product’s launch in the Midwest and the Southeast.  

READ: Weekend Unlimited to open first concept store in California next month

The roll-out, which starts with the distribution of 1 million gummies, is part of a distribution deal struck in February with Infinity One LLC, which has plans to sell the hemp candies via supermarket chains, pharmacies and convenience stores.

"The Canna Candys brand, using Hemp Oil extract, will establish a presence for our products in multiple retail locations, a presence that we will build upon to establish consumer recognition and trust in multiple markets to pave the way for additional product rollouts in the near future," said Pau Chu, CEO of Weekend Unlimited, in a statement.

READ: Weekend Unlimited opens its global headquarters in the Big Apple

The gummies, which are filled with 99.6% hemp oil extract, but don’t contain THC – the psychoactive component of cannabis, are being sold in packs containing 20 servings.

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.

The company has been making steady inroads into the US, after switching its global headquarters to New York City from Vancouver just last month.

Weekend Unlimited shares rose 3.9% to close at US$0.094 on Tuesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Wed, 03 Apr 2019 07:55:00 -0400 https://www.proactiveinvestors.com/companies/news/217866/weekend-unlimited-kicks-off-sale-of-canna-candys-hemp-oil-gummies-in-northeast-us-217866.html
<![CDATA[News - Buds & Duds: Weekend Unlimited to launch concept store in California; Aleafia slumps after TSX uplisting ]]> https://www.proactiveinvestors.com/companies/news/216972/buds--duds-weekend-unlimited-to-launch-concept-store-in-california-aleafia-slumps-after-tsx-uplisting-216972.html Cannabis stocks perked up Thursday in tandem with broader North American markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada was up 0.14% to US$299.82 on Thursday midday. 

Buds

Shares of Weekend Unlimited (CSE:POT) (OTCQB:WKULF) jumped after the cannabis lifestyle brand company announced it plans to open its first concept store in Long Beach, California, in April. 

Shares were up 7.6% at C$0.10 in New York and up 4.0% at C$0.13 in Toronto.

READ: Weekend Unlimited to open first concept store in California next month

The store, which will open on April 20, will feature 2,500 square feet of space where Weekend’s cannabidiol (CBD) and wellness products will be sold. On top of this, it will also include 2,500 square feet for a Weekend LIVE lounge where community outreach and education seminars will take place.

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) saw shares rise after the company announced Thursday that it had completed its first shipment of medical cannabis to Canadian pharmacy mammoth Shoppers Drug Mart, through its wholly-owned subsidiary and cultivation arm United Greeneries Ltd. 

Shares were up 3% at C$1.04 in Toronto and up 1.1% at US$0.78 in New York. 

Duds

Aleafia Health Inc (TSE:ALEF) (OTCMKTS: ALEAF) stumbled on Thursday, after the company's uplist to the Toronto Stock Exchange on Tuesday.

Last week, the company closed its acquisition of Emblem Health. The merger creates Canada’s largest medical cannabis clinic with more than 60,000 patients with access to cannabis oils, capsules and sprays.

Shares were down 3.1% at C$2.19 in Toronto, and down 3% at US$1.65 in New York. 

Auxly Cannabis Group Inc (CVE:XLY) (OTCMKTS:CBWTF) stock continued to slide Thursday, on the back of declines on Wednesday.

The cannabis streaming company, which has operations across Canada and Uruguay, saw its shares drop 4.1% at C$0.94 in Toronto and down 5.8% at US$0.70 in New York on the back of little to no news. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Thu, 21 Mar 2019 11:35:00 -0400 https://www.proactiveinvestors.com/companies/news/216972/buds--duds-weekend-unlimited-to-launch-concept-store-in-california-aleafia-slumps-after-tsx-uplisting-216972.html
<![CDATA[News - Weekend Unlimited to open first concept store in California next month ]]> https://www.proactiveinvestors.com/companies/news/216946/weekend-unlimited-to-open-first-concept-store-in-california-next-month-216946.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) is set to unveil its first retail concept store in the US next month in Long Beach, California.

Opening on April 20, the location will feature 2,500 square feet of space where Weekend’s array of cannabidiol (CBD) and wellness products will be sold. On top of this, it will also include 2,500 square feet for a Weekend LIVE lounge where community outreach and education seminars will take place.

READ: Weekend Unlimited opens its global headquarters in the Big Apple

“This space has been designed to provide customers with multiple product lines, featuring Weekend brands, and elevating the experience by having an upstairs Weekend LIVE space that will hold events, education seminars and serve as a lounge with a hemp smoothie bar, coffee and CBD edibles,” said Paul Chu, Weekend’s CEO, in a statement.

Chu said establishing a retail base in the US would allow customers to interact with Weekend’s brands. “It is essential to our growth plan that we establish multiple touch points for our offerings,” he added.

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.

The company has been making steady inroads into the US market, moving this month to switch its global headquarters to New York City from Vancouver.

Weekend shares slipped C$0.01 to finish at C$0.125 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Thu, 21 Mar 2019 08:33:00 -0400 https://www.proactiveinvestors.com/companies/news/216946/weekend-unlimited-to-open-first-concept-store-in-california-next-month-216946.html
<![CDATA[News - Weekend Unlimited CEO cites cannabis demographics at CannaGather event ]]> https://www.proactiveinvestors.com/companies/news/216853/weekend-unlimited-ceo-cites-cannabis-demographics-at-cannagather-event-216853.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) CEO Paul Chu addressed topics at the CannaGather event in New York City, including demographics and the cannabis company’s reach.

Chu shared the stage with Richard Carleton, the CEO of the Canadian Securities Exchange, and Alan Brochstein, the founder of New Cannabis Ventures.

With more than 10,000 members, CannaGather is the largest cannabis industry community, according to Weekend Unlimited. It is dedicated to educating and connecting people interested in joining the industry.

READ: Weekend Unlimited opens its global headquarters in the Big Apple

During the event, Chu highlighted:

The company's focus on building a recreational cannabis lifestyle brand that appeals to a wide range of demographics; The appeal of the company's stock symbol - POT:  “the most iconic symbol on the Canadian Stock Exchange; The company's management experience in building consumer packaged good brands; Weekend Unlimited’s offerings across Canada, Jamaica and the US: licensed seed-to-sale in California; grow operations and a brand launchpad in Washington State; energy drink brands Champ and Verve, "defining the future" of alcohol alternatives; seed-to-sale production and extraction in Oklahoma; “world-class” retail in Alberta; and cannabis lifestyle experiences and export licenses in Jamaica; and The company's growth strategy with brand partnerships that align with recreational lifestyles in both cannabidiol (CBD) and and tetrahydrocannabinol  (THC) markets.

In addition, Chu provided a preview of the company's new look and Weekend-branded products, which he said would be made public on April 10.

Shares of Weekend Unlimited traded at C$0.14 in Tuesday’s Canadian trading. They climbed US$0.01 to US$0.10 on the OTC Markets.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Wed, 20 Mar 2019 09:12:00 -0400 https://www.proactiveinvestors.com/companies/news/216853/weekend-unlimited-ceo-cites-cannabis-demographics-at-cannagather-event-216853.html
<![CDATA[Media files - Weekend Unlimited is making waves at SXSW music festival. ]]> https://www.proactiveinvestors.com/companies/stocktube/12606/weekend-unlimited-is-making-waves-at-sxsw-music-festival-12606.html Thu, 14 Mar 2019 17:58:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12606/weekend-unlimited-is-making-waves-at-sxsw-music-festival-12606.html <![CDATA[News - Weekend Unlimited's Verve Beverage Company kicks off production of CHAMP Energy drink ]]> https://www.proactiveinvestors.com/companies/news/216419/weekend-unlimited-s-verve-beverage-company-kicks-off-production-of-champ-energy-drink-216419.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) said Wednesday that its subsidiary Verve Beverage Company is kicking off production of its CHAMP Energy and Verve beverages.

The move follows the start of the South by Southwest (SXSW) music and film festival in Austin, Texas where the energy drink CHAMP Energy and other Verve beverages are being distributed as part of Weekend Unlimited’s sponsorship of the event.

READ: Weekend Unlimited's drink Champ Energy will sponsor this month's South by Southwest festival in Austin, Texas

“We specifically targeted this point in time to launch our Full Spectrum Hemp products into the market as part of our activation at the HEMP Today experience at SXSW this week,” said Brad Robb, president of Verve Beverage.

The first production runs of CHAMP Energy beverages and CHAMP Full Spectrum Hemp drinks will be ready for retail distribution starting next week.

READ: Weekend Unlimited reports several milestones as it drives forward in cannabis market

The production of Verve’s new 12 ounce cans is also set to begin on March 31, with the unveiling of another protein formulation called Verve Burn scheduled to follow in April.

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.

Weekend shares closed up 3.85% to finish at C$0.135 in Canadian trade on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Thu, 14 Mar 2019 07:20:00 -0400 https://www.proactiveinvestors.com/companies/news/216419/weekend-unlimited-s-verve-beverage-company-kicks-off-production-of-champ-energy-drink-216419.html
<![CDATA[News - Weekend Unlimited opens its global headquarters in the Big Apple ]]> https://www.proactiveinvestors.com/companies/news/216296/weekend-unlimited-opens-its-global-headquarters-in-the-big-apple-216296.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) announced Tuesday that the Vancouver cannabis company has established its global headquarters in New York City with an eye on the US market.

"Since our growth strategy is focused on product development and sales for recreational cannabis use across the United States, it is important for us to establish our base in New York City for our team to accelerate business results," said Weekend Unlimited CEO Paul Chu, who lives in New York City.

Chu said that being located in Manhattan gave the company access to “world-class talent” across multiple industries.

READ: Harvest Health to acquire Verano for $850M in stock, creating one of the largest US cannabis chains

Weekend Unlimited's New York City office, which doubles up as the company's global headquarters is located in SoHo, surrounded by a mix of major retail chains, high-end brand stores, art galleries and restaurants.

"SoHo is the perfect laboratory for inspiring the design and launch of Weekend's brands," said Chu. "We have made significant strides with acquisitions in multiple states, and our leadership team is mainly located in New York City so this was a natural step for the company to take on its growth trajectory."

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.

The company has been making steady inroads into the US market. It has signed a long-term distribution deal for Canna Candys, mixed fruity gummies containing hemp oil extract, which will be sold in the Northeast, Midwest and Southeast regions of the US to start. 

Weekend is also expanding into Oklahoma after acquiring vertically integrated operations in the town of Wilburton. The deal includes a seven-acre property with 20,000 feet of indoor facilities housing a nursery for cultivation as well as extract production. There is also space for a store that will be Weekend’s first in Oklahoma and Weekend’s Canna Candys brands will be produced and packaged there. Licenses have been won for cultivation, processing and transportation and an application is in place for a retail license.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 12 Mar 2019 08:55:00 -0400 https://www.proactiveinvestors.com/companies/news/216296/weekend-unlimited-opens-its-global-headquarters-in-the-big-apple-216296.html
<![CDATA[Media files - Weekend Unlimited to sponsor SXSW with newly acquired CBD-infused energy drink ]]> https://www.proactiveinvestors.com/companies/stocktube/12525/weekend-unlimited-to-sponsor-sxsw-with-newly-acquired-cbd-infused-energy-drink-12525.html Fri, 08 Mar 2019 08:47:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12525/weekend-unlimited-to-sponsor-sxsw-with-newly-acquired-cbd-infused-energy-drink-12525.html <![CDATA[News - Buds & Duds: MYM Nutraceuticals stock on the rise after 120-acre hemp partnership ]]> https://www.proactiveinvestors.com/companies/news/216037/buds--duds-mym-nutraceuticals-stock-on-the-rise-after-120-acre-hemp-partnership-216037.html Cannabis stocks faced a difficult outlook Thursday, mirroring US markets as a whole.

The Marijuana Index, which tracks the cannabis sector in the US and Canada, was down 2.5% to 277.4.

Buds

MYM Nutraceuticals Inc (OTCMKTS:MYMMF) (CSE:MYM) stock is doing well Thursday thanks to a new partnership with Elite Ventures Group LLC on 120 acres of CBD-rich hemp in Nevada. Based on Elite’s prior cultivation success in similar circumstances, the parcel represents potential revenue of more than $26 million, of which MYM is entitled to 50%, less sales and processing fees. Investors liked what they heard, sending the share price up nearly 10% to $0.43 on the OTC Markets and more than 7% to $0.57 on the CSE.

Weekend Unlimited’s (OTCQX:WKULF) (CSE:POT) Champ Energy will sponsor this year’s South by Southwest as the festival’s official energy drink. Taking place on March 12 to 13, SXSW is a hugely popular music, film and culture event. As a sponsor, Champ Energy will be found in gift bags, throughout the venue and behind the bar. The stock was certainly energized, jumping 6% to $0.11 on the OTC and 7.7% to $0.14 on the CSE.

The Supreme Cannabis Company Inc (OTCMKTS:SPRWF) (TSX:FIRE) appointed Kenneth McKinnon to its board of directors Thursday. McKinnon is currently a partner at Citrus Capital Partners Ltd and serves on two other boards. The medical cannabis manufacturer’s stock is up as a result, rising 5.8% to $1.56 on the OTC and 5% to $2.10 on the TSX.

Duds

Tilray Inc (NASDAQ:TLRY) is still struggling after FDA Commission Scott Gottlieb’s resignation threw a wrench into the US medical marijuana sector. The British Columbia-based company recently purchased privately-held Manitoba Harvest, which bills itself as the world’s largest hemp food company. The company’s share price dropped nearly 4% to $72.86.

Elswhere, Newstrike Brands Ltd (OTCPK:NWKRF) (TSX:HIP) is down 4.9% to $0.33 on the OTC and 3.2% to $0.45 on the TSX; Generation Alpha Inc (OTCQB:GNAL) fell 4.1% to $0.35; and Auxly Cannabis Group Inc (OTCQX:CBWTF) dropped 4.4% to $0.55.

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Thu, 07 Mar 2019 12:19:00 -0500 https://www.proactiveinvestors.com/companies/news/216037/buds--duds-mym-nutraceuticals-stock-on-the-rise-after-120-acre-hemp-partnership-216037.html
<![CDATA[News - Weekend Unlimited's drink Champ Energy will sponsor this month's South by Southwest festival in Austin, Texas ]]> https://www.proactiveinvestors.com/companies/news/216013/weekend-unlimited-s-drink-champ-energy-will-sponsor-this-month-s-south-by-southwest-festival-in-austin-texas-216013.html Weekend Unlimited USA Inc (CSE:POT) (OTCQB:WKULF) is making a foray into the music business, with the announcement that via its drink Champ Energy, it will sponsor the popular South by Southwest (SXSW) festival in Austin Texas this month.

Taking place on March 12-15, South by Southwest (SXSW) is a Texan tradition and a yearly gathering featuring music gigs, film screenings, talks and exhibitions.

As part of its sponsorship, Weekend will be able to include its Champ Energy drink in “Swag” bags and throughout the entire venue, as well as behind the bar for distribution by bartenders and staff.

READ: Weekend Unlimited reports several milestones as it drives forward in cannabis market

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.

Weekend will also be able to take advantage of branding opportunities throughout the SXSW venue and the VIP area will be co-branded with Champ/Weekend, Cannabis Now and HEMP.

“This unique event provides an amazing opportunity for both business to business and business two consumer relationships to be developed for Weekend Unlimited and its portfolio of brands in the USA, with distributors for dispensaries, big box and local on-premise retail stores in attendance,” said Brad Robb, president of Verve Beverage Company, the Weekend Unlimited subsidiary which sells Champ Energy.

Champ will be announced as the official energy drink sponsor for SXSW throughout the event.

During SXSW’s two-day hemp/CBD session, attendees will take part in panel discussion with athletes and cannabis experts, as well as watch film screenings, live musical performances and take advantage of giveaways, product launches and terpene education.

Weekend Unlimited shares rose 7.7% to hit C$0.11 in trading on Thursday afternoon.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Thu, 07 Mar 2019 07:58:00 -0500 https://www.proactiveinvestors.com/companies/news/216013/weekend-unlimited-s-drink-champ-energy-will-sponsor-this-month-s-south-by-southwest-festival-in-austin-texas-216013.html
<![CDATA[News - Weekend Unlimited reports several milestones as it drives forward in cannabis market ]]> https://www.proactiveinvestors.com/companies/news/215820/weekend-unlimited-reports-several-milestones-as-it-drives-forward-in-cannabis-market-215820.html Weekend Unlimited (CSE:POT) (OTCQB:WKULF) is forging ahead with its plans to become a multi-national player in the recreational cannabis market after notching several key advances over the last month.

In an update to shareholders Tuesday, CEO Paul Chu outlined some of the Vancouver cannabis company’s recent achievements.

READ: Weekend Unlimited signs definitive agreement with R&D Pharma for Jamaican interests

High on the list is winning the coveted POT ticker on the Canadian Stock Exchange as well as the closing of the acquisition of R&D Pharma’s Jamaican operations.

The move into Jamaica, which covers the acquisition of 145 acres of cultivation property, will pave the way for Weekend to develop cannabis brands for Jamaica and international export. It will also allow the company to gain entry into Jamaica’s medical tourism market for cannabis.

Also on the roster of wins was the signing of a long-term distribution deal for Canna Candys, mixed fruity gummies containing hemp oil extract, which will be sold in the Northeast, Midwest and Southeast regions of the US to start.  

Another coup was the licensing and grand opening on February 23 of Northern Lights Supply retail store in Alberta, a Weekend Unlimited subsidiary, which will serve as a launching pad for new products, educational programming and a platform for partnerships.

In other news, Weekend is also expanding into Oklahoma after acquiring vertically integrated operations in the town of Wilburton. The deal includes a seven-acre property with 20,000 feet of indoor facilities housing a nursery for cultivation as well as extract production. There is also space for a store that will be Weekend’s first in Oklahoma and Weekend’s Canna Candys brands will be produced and packaged there. Licenses have been won for cultivation, processing and transportation and an application is in place for a retail license.

READ: Weekend Unlimited moves into Oklahoma with proposed purchase of vertically integrated operations in Wilburton

Lastly, Weekend has also bolstered its management, with the addition of Clint Pyatt, director of revenue generation, Ese Roberts, director of operations, Karl Schmieder, director of business development, and Tom Wisniewski, vice-president for sales operations.

“This leadership team’s experience and understanding of our vision is being put into action immediately to establish and scale best-in-class operations and distribution, creating strong revenue trajectories as the company launches its own consumer packaged brands, with hemp oil extract products being a primary focus throughout the US,” concluded Chu in a statement.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Tue, 05 Mar 2019 07:59:00 -0500 https://www.proactiveinvestors.com/companies/news/215820/weekend-unlimited-reports-several-milestones-as-it-drives-forward-in-cannabis-market-215820.html
<![CDATA[News - Weekend Unlimited adds industry veterans Roberts and Pyatt to executive team ]]> https://www.proactiveinvestors.com/companies/news/215525/weekend-unlimited-adds-industry-veterans-roberts-and-pyatt-to-executive-team-215525.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) announced Thursday that it is tapping industry veterans Ese Roberts as the company’s new director of operations, and Clint Pyatt as director of revenue generation.

"The company is advancing quickly as it integrates the teams, infrastructure, production, overall product mix and development from its strategic acquisitions,” said Weekend Unlimited CEO Paul Chu.

“It is imperative that we have strong leadership for operations and revenue generation. Ese and Clint bring a wealth of experience that will be focused upon productization, sales and operations.”

READ: Weekend Unlimited makes new additions to business development, sales team

Roberts owns a California state license as an engineering contractor who has extensive experience with both cultivators and extractors in the cannabis and hemp space. His experience in the industry includes being the CEO of Los Angeles-based hemp extractor 333 Custom Spectrum Inc, the general manager for cannabis manufacturer High Desert Group Inc and president of Canna Candy's, CBD-infused edible candy brand.

Pyatt, who takes on the role of director of Revenue Generation, has worked for over eight years in the cannabis and hemp markets. His experience includes the design, development and implementation of manufacturing, extraction and proprietary delivery methods for cannabis in eight states. He is also a United States Marine Corps (USMC) veteran with multiple commendations for service in Iraq, Somalia and throughout the Middle East.

"Weekend's brand portfolio is about more than products; the team we are building is essential to our strategy,” said Chu.

Chu also talked about how the Weekend had earlier hired 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. 

“With recent appointments of Karl Schmieder and Tom Wisniewski, and now Ese and Clint, we can manage each subsidiary and harmonize the overall company to leverage assets,” said Chu.

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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Thu, 28 Feb 2019 07:38:00 -0500 https://www.proactiveinvestors.com/companies/news/215525/weekend-unlimited-adds-industry-veterans-roberts-and-pyatt-to-executive-team-215525.html
<![CDATA[News - Weekend Unlimited moves into Oklahoma with proposed purchase of vertically integrated operations in Wilburton ]]> https://www.proactiveinvestors.com/companies/news/215327/weekend-unlimited-moves-into-oklahoma-with-proposed-purchase-of-vertically-integrated-operations-in-wilburton-215327.html Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF) said Tuesday it is moving into Oklahoma after signing a letter of intent with PPK LLC to acquire vertically integrated operations in the town of Wilburton, Oklahoma.

The 7-acre property that the Vancouver cannabis investment firm is acquiring includes 20,000 feet of indoor facilities. There are two main buildings, with the larger one housing a nursery for cultivation as well as extraction activities and space for a retail store.

READ: Weekend Unlimited acquires R&D Pharma's Jamaican assets

The smaller building will be used for production and packaging work and the distribution of Weekend’s Canna Candys for sale in Oklahoma.

PPK has already secured license in Oklahoma for cultivation, processing and transportation and has applied for a retail license.

The product focus for the Oklahoma medical cannabis market will center on vape cartridges, dab rigs and candy products. But the product repertoire will eventually expand to include beverages, topicals and supplements.

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

The facilities are in the final stages of preparation and production is set to kick off in mid-March. Delivery of the first products is expected by April 1.

Under the terms of the letter of intent, Weekend will acquire a 51% stake in the Oklahoma operation in exchange for C$5.61 million, which will consist of 50% cash and 50% in shares. Weekend will keep the option to purchase the balance of the operation on terms to be determined. The transaction is subject to closing conditions, include due diligence, board approval and compliance with exchange policies.

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

Weekend Unlimited shares slipped 3.33% to finish at C$0.145 on Monday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Tue, 26 Feb 2019 07:51:00 -0500 https://www.proactiveinvestors.com/companies/news/215327/weekend-unlimited-moves-into-oklahoma-with-proposed-purchase-of-vertically-integrated-operations-in-wilburton-215327.html
<![CDATA[News - Alberta cannabis retailer Northern Lights Supply celebrates grand opening ]]> https://www.proactiveinvestors.com/companies/news/215254/alberta-cannabis-retailer-northern-lights-supply-celebrates-grand-opening-215254.html Weekend Unlimited Inc (CSE:POT) (OTCPINK:WKULF) said Monday that cannabis retailer Northern Lights Supply celebrated its grand opening on Saturday, February 23 in Nisku, Alberta.

The opening of the store brought in sales of C$27,000, with little promotion, according to Derek Shields, Northern Lights Supply president.

“We want to thank all of the customers who braved the cold to come to Northern Lights Supply and we look forward to becoming an active member of our business community and are excited to be working with the Leduc and District Chamber of Commerce in establishing cannabis education seminars for business scheduled in early March,” said Shields in a statement.

READ: Weekend Unlimited says Northern Lights in Alberta receives first inventory for grand opening

One of the largest cannabis retailers in Alberta, Northern Lights Supply is based in Nisku along Highway 2 and near the Edmonton International Airport.

Weekend Unlimited, a cannabis-focused investment company, has an arms-length agreement to acquire 49% of Northern Lights Supply. Weekend Unlimited specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Weekend Unlimited grants options

In other news, Weekend Unlimited announced it has granted 18 million options under its stock option plan to officers, directors, employees and consultants at an exercise price of $0.15.

It also issued 1.26 million options at $0.25 as part of the recent acquisitions of its Jamaican assets.

Weekend Unlimited shares slipped 3.33% to C$0.145 in afternoon trade on Monday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Mon, 25 Feb 2019 14:56:00 -0500 https://www.proactiveinvestors.com/companies/news/215254/alberta-cannabis-retailer-northern-lights-supply-celebrates-grand-opening-215254.html
<![CDATA[News - Weekend Unlimited acquires R&D Pharma's Jamaican assets ]]> https://www.proactiveinvestors.com/companies/news/214964/weekend-unlimited-acquires-rd-pharma-s-jamaican-assets-214964.html Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced Wednesday that it has completed its arms-length acquisition of R&D Pharma’s Jamaican interests.

To complete the deal, the cannabis-focused investment company issued 80 million shares at a price of $0.25 and also made 25 million warrants available to the shareholders of R&D Pharma. Each warrant entitles the holder to acquire an additional share for $0.35 for a period of two years.

READ: Weekend Unlimited signs definitive agreement with R&D Pharma for Jamaican interests

About 49 million shares are subject to a voluntary escrow agreement that sees 20% released at closing and the balance given in six equal instalments over three years.

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.

“With our Tier-3 cultivators license, our active focus is on medical tourism in Jamaica, having designed and constructed the first of our ‘Ganja Café’s’ within a short tour bus ride from the cruise ship terminals in Ocho Rios,” said Richard Bailey, president of R&D Pharma, in a statement.

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

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 600kg 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.

Weekend Unlimited shares added 6.9% to finish trading at C$0.16 on Tuesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Wed, 20 Feb 2019 07:47:00 -0500 https://www.proactiveinvestors.com/companies/news/214964/weekend-unlimited-acquires-rd-pharma-s-jamaican-assets-214964.html
<![CDATA[News - Weekend Unlimited says Northern Lights in Alberta receives first inventory for grand opening ]]> https://www.proactiveinvestors.com/companies/news/214885/weekend-unlimited-says-northern-lights-in-alberta-receives-first-inventory-for-grand-opening-214885.html Weekend Unlimited Inc (CSE:POT) (OTCPINK:WKULF) said Tuesday that its subsidiary Northern Lights Supply in Nisku, Alberta has received its initial shipment from AGLC allowing it to set a grand opening date for February 23.

The Vancouver-based company has previously announced an arms-length agreement to acquire 49% of Northern Lights Supply, which 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 reports Northern Lights Supply gets order in time for grand opening

Set to open on February 23, 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.

"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 Northern Lights Supply President Derek Shields.

The company said Northern Lights Supply will open with nearly $200,000 worth of inventory. Weekly shipments are anticipated from AGLC to replenish stock and serve customers reliably, said the company.

"The extent to which Derek and his team has worked productively with AGLC to emphasize the importance of cannabis education and outreach programs from Northern Lights Supply as it enters this new market is of paramount importance to our long-term plans as active members of the community," said Weekend Unlimited CEO Paul Chu.

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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Tue, 19 Feb 2019 08:23:00 -0500 https://www.proactiveinvestors.com/companies/news/214885/weekend-unlimited-says-northern-lights-in-alberta-receives-first-inventory-for-grand-opening-214885.html
<![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 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