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.
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 [email protected]