Within the first week of signing a Letter of Intent on January 22nd to form an alliance with the Weekend Unlimited Inc. family, Boggy Boon (Seven Hills LLC), and Orchard Heights have secured orders for delivery beginning this week. The increased capacity has allowed for accelerated processing and packaging to satisfy the demands of B2B white label accounts, which will be a key Boggy Boon target market going forward.
“With the alliance with Boggy Boon, the Weekend Unlimited Washington will have entered into strategic partnerships with two independent indoor/outdoor cultivation facilities with synergistic production and logistics capacity in Washington State. Its strategic operating tenants, Orchard Bloom and Boggy Boon, the latter of which is in the top 5% of all producers’ processors in the State (based on i502 data), will seize upon the immediate capacity and resources as a result of the deal to expand product lines and distribution,” explained Weekend Unlimited Inc. President and CEO, Paul Chu.
Working with the Weekend Unlimited alliance, Boggy Boon anticipates doubling its production and increasing revenue beyond 2018’s $1,972,562.** In the first month of 2019, Boggy Boon is on pace to achieve its largest retail sales month on record as it converts the remaining square footage of its current facility into perpetual harvest. Combining infrastructure and capabilities between Orchard Heights and Boggy Boon is adding immediate capacity for Boggy Boon which has outgrown its initial facility as demand for its top selling brands has outstripped its ability to scale.
Roy Arms, CEO of Boggy Boon added, “I’m excited to collaborate with Orchard Heights as our goals of rapid product, brand, and market expansion are aligned. Additionally, their strong leadership under Paul Chu, and global vision will allow us to continue to pave the way for commercial cannabis legalization world-wide. We are always looking for efficiencies and standardizing our workflows, and with this collaboration we can solidify a road map that can be replicated in new and existing markets.” elaborated Arms.
Boggy Boon will be working with Orchard Heights’s brand processor facility to fill upcoming orders, as they currently have outgrown their commercial space.
By collaborating with Orchard Heights, Boggy Boon has access to more national exposure than ever, and demand for the brand is reaching its’ new peak in Washington State. Renovations on the Orchard Heights facility are underway and it is anticipated to be fully online by the end of Q1 2019.
Upon completion Orchard Heights Wenatchee facility will be a nursery, processing and distribution center, with a concentrate lab for manufacturing infused and vape products.
VANCOUVER, BC, CANADA (15 January 2019) – Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: YOLO – FSE: 0OS1) is pleased to announce the closing of its previously announced (November 13, 2018) acquisition of Verve Beverage Company (VBC).
“With the addition of Verve we now have a platform for Weekend to expand both its distribution and product offerings, THC by state where legal and CBD across the country. This distribution network will allow us to grow and manage indirect channel and big box placements nationwide for multiple brands in our portfolio," said Mr. Paul Chu, Weekend President and CEO.
“Verve is a premium energy beverage with over $236 million USD in historical sales in the direct to consumer channel. VBC Brands owns the exclusive distribution license to launch this proven brand into retail stores in the US, Canada and Mexico, leveraging over $150 million dollars spent in marketing and developing the brand,” said Mr. Bradley Robb, President of VBC Brands.
“VBC’s CHAMP CBD and non-CBD beverages serve to extend our opportunities in the wellness industry, positioning the Company’s line to take advantage of growing demand as the market shifts in attitude, and legislatively, regarding quality cannabinoid products,” explained Mr. Robb. “As the official energy drink of the NHL’s San Jose Sharks, CHAMP sales and distribution will be initially focused in the California market,” added Mr. Robb.
Verve and CHAMP Highlights:
- Verve is uniquely positioned in the beverage market with a proven product and a recognized brand.
Functional beverages is one of the highest growth categories in the beverage industry
$100+ million spent developing the Verve brand globally
Verve is physician formulated & clinically studied
The Verve brand has sold $235+ million in historical direct to consumer sales, now positioned for retail distribution roll-out - the sales generated gross margins of approximately 50%
Verve is launching a CBD infused beverage in 1st quarter 2019
CBD-infused beverages are expected to become a $600 million market in the United States by 2022 according to Canaccord Genuity as reported in Bloomberg*
VBC is introducing new emerging beverage brands such as Champ Energy under its exclusive distribution license
Champ Energy is the official energy drink of the NHL’s San Jose Sharks
VBC plans to launch additional CBD infused products and has plans to grow its retail footprint through its distribution network and retailer relationships throughout the United States in beginning in January 2019
Website for VBC: vbcbrands.com
The Company will issue 60 million common shares to the shareholders of VBC. One half of those shares will be held pursuant to voluntary escrow agreements, that see 20% released immediately and the balance in equal installments every 6 months over the next 3 years.
For further information, please contact:
Mr. Paul Chu, President and CEO
Telephone: 1 (236) 317-2812 - Toll free 1(888) 556-YOLO (9656)