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Weekend Unlimited extends its US reach into Oklahoma

The Sooner State launch will include a new line of WKND THC edibles branded products

Dried cannabis in a pipe atop Oklahoma on a map
“Oklahoma is a thriving market with tremendous margins and we assessed it as the ideal next step to grow both revenues and our offerings ..."

Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) is launching its lifestyle-themed brand of cannabis products in Oklahoma, the second US state for the company in as many months. 

The move into another US market builds on its recent launch in Washington State, the company said in a statement Tuesday. The Sooner State launch will kick off with the introduction of a new WKND THC edibles product line, the company said, in addition to the flower cannabis products on the market in Washington. 

Weekend was able to beef up its Oklahoma launch by forming a brand alliance with Ruby Mae’s, a cannabis-infused edibles producer in the state. Through a licensing agreement, Weekend is able to move forward with a line of edibles products, and Ruby Mae can produce a line of flower products.

READ: Weekend Unlimited launches its flagship wknd! branded products in Washington State

“Oklahoma is a thriving market with tremendous margins and we assessed it as the ideal next step to grow both revenues and our offerings with the addition of edibles as a key component within the company’s branded products portfolio,” CEO Chris Backus said in a statement. 

“The company is taking a long-term approach to sustainable market growth, building brand affinity in multiple markets and growing state by state through the establishment of rock-solid brand alliances like the one we have structured with Ruby Mae’s in Oklahoma.”

Shares of Weekend rose 8.3% on Tuesday to C$0.07 on the CSE and jumped more than 13% to US$0.05 on OTC Markets.

—Updated to include stock movement—

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Weekend Unlimited Industries Inc.

Price: 0.11 CAD

CSE:POT
Market: CSE
Market Cap: $5.89 m
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Weekend Unlimited signs Letter of Intent to acquire all IP from Oklahoma...

Weekend Unlimited ((CSE: POT - OTCQB: WKULF) CEO Chris Backus joined Steve Darling from Proactive with news the company has signed an LOI to acquire 100% of the IP from the Oklahoma Cannabis brand Ruby Mae’s. Backus talks about this brand and just successful they have been in Oklahoma....

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