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WEEKEND UNLIMITED ESTABLISHES ITS OFFICE IN NYC
March 12, 2019 12:05 AM
https://www.weekendunlimited.com/weekend_unlimited_establishes_its_office_in_nyc
To serve this market, Orchard Heights is developing infrastructure, including a nursery with tissue culture technology and robotic automation, enabling the current operation to produce in excess of 2 million plants per year, which corresponds to over 10 million sqft. of canopy. The development of the infrastructure noted is underway and will be completed within six months at a cost of approximately $1 million USD.
https://www.accesswire.com/527254/Weekend-Unlimited-Announces-Orchard-Heights-Property-Fall-Harvest
So am I missing something? I am seeing depending on wattage, it looks like a single plant can produce 37-150g of marijuana. Well taking low end, 2m plants then would produce 75000 kg of pot annually? That is top 10 producer status?
Am I understanding the start to finish process correctly?
YOLO will become POT, WKULF will stay the same. IF they are aggressive in growth which I see as possible, I assume they would then apply for NYSE at which point WKULF will be dropped and become POT there as well.
249 Million shares outstanding fully diluted... not sure of float size.
Does Anyone know the Outstanding Float?
Is YOLO.CN & WKULF the Same? I guess POT Ticker will Replace Both Previous Names?
#WKULF: WEEKEND UNLIMITED ANNOUNCES ACQUISITION OF VERVE BEVERAGE
COMPANY (VBC)...:-}
https://drinkverve.com
https://www.weekendunlimited.com/weekend_unlimited_announces_acquisition_of_verve_beverage_company_vbc
January 15, 2019 12:05 AM
VBC Brands, Verve and CHAMP Energy poised to capitalize upon national brand presence in the United States
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.
*https://www.bloomberg.com/news/articles/2018-09-27/cannabis-laced-drinks-seen-as-600-mln-market-in-u-s-by-2022
For further information, please contact:
Mr. Paul Chu, President and CEO
Telephone: 1 (236) 317-2812 - Toll free 1(888) 556-YOLO (9656)
E-mail: IR@weekendunlimited.com
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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies 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 information reflects management's current beliefs and is based on information currently available to management. Often, 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 statements 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 conditions, 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 information, future events, or otherwise, except as required by securities laws.
#WKULF Dollars$$$$
#WKULF: WEEKEND UNLIMITED’S ORCHARD HEIGHTS SIGNS LOI WITH BOGGY BOON TO ACCELERATE WASHINGTON STATE BUSINESS EXPANSION...:-}
https://www.zerohedge.com/news/2019-02-01/canadian-company-soars-90-after-winning-pot-ticker-symbol-lottery
https://www.weekendunlimited.com/weekend_unlimited_s_orchard_heights_signs_loi_with_boggy_boon_to_accelerate_washington_state_business_expansion
WEEKEND UNLIMITED’S ORCHARD HEIGHTS SIGNS LOI WITH BOGGY BOON TO ACCELERATE WASHINGTON STATE BUSINESS EXPANSION
January 22, 2019 12:05 AM
Orchard Heights, Boggy Boon strategic alliance leverages infrastructure to boost sales and distribution while reducing capital expenditures
VANCOUVER, BC, CANADA (22 January 2019) – Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: YOLO – FSE: 0OS1) through one of its subsidiaries, Weekend Unlimited Washington LLC, announces the signing of an arms-length letter of intent to provide processing and distribution facilities to Boggy Boon branded cannabis company Seven Hills, with an option to acquire Seven Hills.
Under the agreement terms, Weekend will provide a loan of up to $750,000 USD to Seven Hills in three equal tranches over 9 months to upgrade its facilities, and will have the option to acquire 100% of Seven Hills for $1,500,000 USD.
“Boggy Boon branded cannabis is cultivated in a 28,000 sqft. facility located in Wenatchee, Washington where Weekend’s wholly owned subsidiary Orchard Heights Growers is also located. As a result of this arrangement, Boggy Boon will be able to dedicate its operation entirely to cultivation with an anticipated increase efficiency of 40%, with the current year run rate of $2M growing to $2.8M,” explained Paul Chu, Weekend’s President and CEO.
As a result of this alliance, Orchard Heights will have more diverse products to offer its sales channel and will be able to sell Weekend brands to the existing 130 Boggy Boon retail accounts.
“The Washington market is mature and consumers are becoming more loyal to established brands like Boggy Boon. Boggy Boon is ranked in the top 5% of all brands in Washington State and we feel this is an ideal partnership where each entity was looking to develop the infrastructure that the other already has in place. By forming this alliance both will accelerate their market penetration and fully utilize existing infrastructure to grow,” added Paul Chu.
Key points:
Boggy Boon is a Tier 3 producer / processor located in Wenatchee
Boggy Boon built a custom cannabis greenhouse in 2016 for premium production
By collaborating with Orchard Heights, it is anticipated that Boggy Boon will be able to improve its existing operations and production by 40% and diversify its product offering in Washington state
Boggy Boon is in the top 5% of all producer / processors
Weekend’s facility in Wenatchee provides synergy and optimization to not only increase both company's revenue but also reduce operating expenses, thereby increasing profit margins
For further information, please contact:
Mr. Paul Chu, President and CEO
Telephone: 1 (236) 317-2812 - Toll free 1(888) 556-YOLO (9656)
E-mail: IR@weekendunlimited.com
-
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies 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 information reflects management's current beliefs and is based on information currently available to management. Often, 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 statements 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 conditions, 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 information, future events, or otherwise, except as required by securities laws.
#WKULF: Market Cap and Float is low....:-}
https://www.weekendunlimited.com/landing_page#aboutUs
https://www.otcmarkets.com/stock/WKULF/security
Weekend Unlimited is inspired to play a leadership role in the cannabis industry with integrity, sustainable production, high quality products, trusted relationships, all aimed at establishing the highest standards for the future of, what is today, a nascent industry.
#WKULF: Those that find the Gold get to keep it...:-}
https://www.zerohedge.com/news/2019-02-01/canadian-company-soars-90-after-winning-pot-ticker-symbol-lottery
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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:
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)
E-mail: IR@weekendunlimited.com
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