VANCOUVER, British Columbia, Feb. 12, 2019 /CNW/ -- Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: POT) (FSE: 0OS1) (OTCMKTS: WKULF) is pleased to announce that Northern Lights Supply in Nisku, Alberta has received its initial shipment from AGLC allowing it to set a grand opening date for February 23rd.
"Having received the store's initial order, we are currently stocking the shelves and conducting our final staff training and systems checks in order to hold our grand opening next week, on February 23rd," said Northern Lights Supply President Derek Shields.
- Northern Lights Supply will open with approximately $200,000 worth of inventory
- Weekly shipments are anticipated from AGLC to replenish stock and serve customers reliably
- 15 Northern Lights Supply staff have been hired and trained
- Community cannabis education and training seminars for local business organizations and the hospitality industry approved by AGLC to proceed
"Derek and his team have done a tremendous amount of work to reach this point and they have done so expediently. We are thrilled for the opening next week," said Mr. Paul Chu, Weekend Unlimited President and CEO. "The extent to which his team has worked productively with AGLC to emphasize the importance of cannabis education and outreach programs from Northern Lights Supply as it enters this new market is of paramount importance to our long-term plans as active members of the community," added Mr. Chu.
Weekend has previously announced an arms-length agreement to acquire 49% of Northern Lights Supply. Northern Lights Supply houses 6500 sqft. of retail space and is located adjacent to the Edmonton International Airport, along Alberta's busiest corridor, serving the cities of Leduc and Beaumont.
About Weekend Unlimited Inc.
Weekend Unlimited is capitalizing on its vast industry relationships to establish a lifestyle brand featuring premium products and delivering life's highest moments. The company aggregates and scales small to medium brands, primarily in the categories of flower, extracts and edibles. Weekend Unlimited brands have best of class operations, distribution and strong revenue trajectories, making them ideal candidates for the deployment of capital and expertise through access to technologies, infrastructure and centralized systems. Learn more at www.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.
For further information, please contact:
Mr. Paul Chu,
President and CEO
Toll free 1(888) 556-9656
E-mail: [email protected]
SOURCE Weekend Unlimited Inc.