Weekend Unlimited Inc (CSE:YOLO) has announced Tuesday, the appointment of industry veteran Paul Chu as its president and chief executive officer, to grow the Candian cannabis company’s acquired brands in Canada, Jamaica, and the US.
Chu brings over 25 years of leadership across a variety of industries including CBD cannabis, technology, hardware/software, food and beverage, energy, telecommunications, hospitality, and real estate.
"Under Mr Cody Corrubia's leadership, Weekend Unlimited has acquired, and entered into agreements to acquire a robust portfolio of brands in flower, edibles and extracts categories," said Kevin Ernst, corporate director, of Weekend Unlimited.
"Cody established the Company in multiple markets including California, Canada, Jamaica, Washington State, and other legal jurisdictions in the United States with the opportunity to leverage a strong product portfolio, positioned for growth in 2019. Working with Paul to add Canna Candys to our portfolio, it became clear that he brings the leadership and experience we need to take Weekend Unlimited to the next level," added Ernst.
Chu has co-founded and held leadership positions at companies in the cannabidiol (CBD) cannabis industry, including HEY MARY and Canna Candys. In addition, he has served as co-founder of High Desert Group and Boom Energy NYC. He has also served as managing director of Johnny Rockets NYC and been the CEO of iSWIMBAND. He earlier co-founded Mobile123, VIAONE Technologies and Urban Wireless.
"I am honored to join Weekend Unlimited, as we build the company into the world's leading recreational cannabis lifestyle brand," said Chu. "I am optimistic about the prospects and opportunities of launching innovative high-quality products and services throughout our existing and new markets. Based on our successes to date, Weekend Unlimited has an unparalleled opportunity to create demand for a consumer-focused portfolio of recreational cannabis brands."
Earlier this year, Weekend Unlimited ventured into the Jamaican market by striking a deal to buy Canadian company R&D Pharma which is building a vertically integrated medical cannabis business on the Caribbean island. R&D Pharma has secured a Tier 3 cultivator's license, one of only three issued in Jamaica.
Chu graduated from Marshall School of Business at the University of Southern California.
Contact Uttara Choudhury at [email protected]