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.
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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 [email protected]