Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced Tuesday that its Northern Lights Organics Farm had planted field test plots as part of its 2019 growing season.
The Vancouver-based company said it had planted four plots from seedlings and seeds that were harvested from the Northern Lights Organics Farm nursery in northern British Columbia.
Cannabis company Weekend Unlimited owns 70% of Northern Lights Organics Farm.
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According to Northern Lights’ president Arthur Halleran, the company’s nursery production is running ahead of schedule.
The quickened pace allowed Northern Lights to plant 4,000 seedlings in two field test plots. An additional 2,000 seeds were planted across two separate plots.
"We are making terrific use of our growing season this year to advance our business model toward a full scale certified organic hemp harvest in 2020,” Halleran said in a statement.
The test plots will be harvested in September and will undergo analysis for hemp biomass and CBD percentage. Northern Lights said it plans to use the data from the analysis to make a decision on whether to scale up to 200- to 300-acre planting for the 2020 growing season.
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.
Shares of Weekend Unlimited were at C$0.06 on Tuesday morning in Canadian trading and jumped 11.2% on OTC markets at US$0.05.
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