Weekend Unlimited Inc. (“Weekend” or the “Company”) (CSE:POT, FSE:0OS1, OTCQB:WKULF) is pleased to provide an update on the strong growth of its operations as the day to day realities of the economic picture with Covid-19 unfold.

The Company’s branded product line is experiencing excellent growth in Oklahoma, with sales numbers doubling from the month of January compared to the period to date in March – in addition the Company’s products are now in 74 dispensaries, adding to that total on a daily basis. In light of Covid-19 and the inherent uncertainties, the Company is focused on maximizing sales growth at a time where there is opportunity within the sector as consumer demand grows. With its strong cash position, Weekend is taking all necessary steps to focus resources on its US Cannabis and CBD growth to increase revenues and optimize its operations while also decreasing its monthly expenses by over 35%.


Highlights

  • 100% + increase in Oklahoma dispensaries carrying Weekend Branded Products from February 1st with 35 locations to 74 locations by March 24th, 2020
  • 115% increase in overall branded product sales in Oklahoma from January to March
  • Building on success in Oklahoma, the Company is preparing to launch its Orchard Heights branded products, which will benefit from existing production, sales and distribution

“We are prioritizing our growth in US markets, deploying capital and building an operational team featuring great salespeople, under trying global times,” said Mr. Chris Backus, Weekend President and CEO. “It is important to note that the cannabis and CBD sector is demonstrating signs of growth in this environment. Demand for our branded products is increasing and our team is operating at full throttle, meeting that demand and establishing the brand amongst more and more consumers. We are in a strong cash position and able to take advantage of the opportunities for growth, including the upcoming launch of our Orchard Heights brand in Oklahoma.”

The Company is pleased to announce the appointment of Mr. Robert Payment as Chief Financial Officer. Mr. Payment is a Professional Chartered Accountant with 12 years’ experience in finance, reporting, regulatory requirements, public company administration, equity markets, and financing of publicly traded companies. Extensive experience in the cannabis, manufacturing, natural resource, and retail industries. Mr. Payment replaces Mr. Michael Hopkinson as CFO. “We are thrilled to have Robert on board, he will play an integral role on our leadership team going forward, and I want to thank Michael for all his efforts and wish him the best in his future endeavours,” said Mr. Chris Backus.

The Company is pleased to announce that, subject to regulatory approvals, it intends to extend the expiry date and reprice an aggregate of 8,679,972 previously issued warrants (the “Warrants”) for an additional 12 months at an exercise price of $0.25. 4,546,920 Warrants were originally issued March 29, 2018, with an original expiry date of March 29th, 2020; 3,452,295 Warrants were originally issued April 5th, 2018, with an original expiry date of April 5th, 2020; and, 680,757 Warrants were originally issued April 16th, 2018, with an original expiry date of April 16th, 2020. The original exercise price of all of the warrants extended and repriced was $2.00. In addition the Company has issued 4,930,000 options at an exercisable price of $0.125 for a 5-year term, 1,250,000 of which are to be granted to insiders.

For further information, please contact:

Mr. Chris Backus, President & CEO, Director Telephone: 1(236) 317-2812
E-mail: IR@weekendunlimited.com

About Weekend Unlimited Inc.

Weekend Unlimited is a lifestyle-based recreational cannabis and CBD wellness company. We are developing and launching premium cannabis and CBD brands to deliver life’s highs – any- time, anywhere. Our CBD products are available online and at a retailer near you. Weekend Unlimited is well-positioned to launch and scale the brands that will define cannabis and CBD. Learn more at www.weekendunlimited.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the poli- cies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward- looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking infor- mation reflects management’s current beliefs and is based on information currently available to management. Of-

ten, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by state- ments to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward- looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic condi- tions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new in- formation, future events, or otherwise, except as required by securities laws.

Click here to connect with Weekend Unlimited (CSE:POT, FSE:0OS1, OTCQB:WKULF) for an Investor Presentation.

Source

Better Plant Sciences Inc. (CSE: PLNT) (OTCQB: VEGGF) (FSE: YG3) (“Better Plant”) or (the “Company”) Is pleased to announce its partially owned subsidiary NeonMind (CSE: NEON) (“NeonMind”) has common shares now trading on the Frankfurt Stock Exchange (the “FSE”) under the symbol “6UF”. As a result, NeonMind’s common shares are now cross-listed on the Canadian Securities Exchange and the FSE. Shares of Better Plant are available on the FSE under the symbol “YG3”.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6377/72301_betterplanta.jpg

Keep reading... Show less

Chemesis International Inc. (the “Company”) (CSE: CSI) (OTC: CADMF) (FRA: CWAA) is pleased to announce that all matters submitted to the shareholders of the Company at the Annual General and Special Meeting of the Company’s shareholders held on December 31, 2020 were approved.
In addition, the Company has granted, pursuant to its Equity Incentive Plan, options to purchase 1,500,000 shares of the Company exercisable for a period of 5 years at USD$0.70 per share to the directors, officers and consultants of the Company. The Company has also granted, pursuant to its Equity Incentive Plan, restricted share rights to acquire 1,500,000 shares of the Company to the directors, officers and consultants of the Company. One-half of such restricted share rights shall vest in three months from the grant date and the remaining one-half shall vest in six months from the grant date.
On Behalf of The Board of Directors
Josh Rosenberg
President
Investor Relations:
ir@chemesis.com
1 (604) 398-3378
The CSE has not reviewed, approved or disapproved the content of this press release

Source

Keep reading... Show less

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf”, “OILS”, or the “Company”), the world’s most innovative cannabis extractor, announced today that the Canadian Intellectual Property Office has granted the Company a patent for the acetylation of cannabinoids. More specifically, the patent covers a process for acetylating cannabidiol (“CBD”), and subsequent refinement of CBD-O-Acetate using a proprietary extraction and distillation technique.

Keep reading... Show less

Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) The Company announces that it has recently negotiated an extension to its option to purchase another 21% of Arcology for another year by an investment of $1,000,000. If the company exercises that option, it would then own 51

The Company is clarifying that in its press release of January 15th regarding the signing of a definitive agreement to acquire bit mining infrastructure, that the first phase will deliver 9,450 terahash per second, not 9,450 petahash as stated.

Keep reading... Show less

Appointment of Philip Young as CEO and director adds a seasoned executive with a track record of new device and therapeutics development, FDA/regulatory approvals, capital markets, M&A and operational success

 Lobe Sciences Ltd (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce the appointment of Mr. Philip J. Young as Chief Executive Officer, Corporate Secretary and a director of the Company, effective January 15, 2021. Mr. Young replaces Thomas Baird, who resigned as CEO as of the same date.

Keep reading... Show less