WEEKEND UNLIMITED Forum: Community User: Tycoon1761

WEEKEND UNLIMITED ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF UNITS, GRANT OF OPTIONS AND UPDATE ON ASSETS Vancouver, BC (July 9, 2019) - Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: POT - FSE: 0OS1 - OTCQB: WKULF) a lifestyle cannabis company, is pleased to announce that it has closed its non-brokered private placement (the "Offering") of 41,368,317 units ("Units") of the Company at a price of $0.05 per Unit for aggregate gross proceeds of $2,068,415.85. Each Unit consists of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.10 until the close of business on the date that is 24 months from the date of issuance, subject to accelerated expiry if the 10-day volume weighted average price of the Common Shares as quoted on the Canadian Securities Exchange exceeds $0.25 per Common Share. In connection with the closing of the Offering, the Company paid aggregate finder's fees of approximately $135,073.27 and issued an aggregate of 2,701,465 finders warrants ("Finders Warrants") to eligible finders. Each Finders Warrant entitles the holder to purchase one Common Share at a price of $0.10 for a period of 24 months from the date of issuance, subject to accelerated expiry in accordance with the terms and conditions of the Warrants. The securities issued pursuant to the Offering are subject to a four-month hold period under applicable securities laws. Proceeds will be used for working capital. Certain insiders of the Company participated in the Offering. Participation of insiders of the Company in the Offering constitutes a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Because the Common Shares trade only on the CSE, the issuance of securities is exempt from the formal valuation and minority approval requirements on MI 61-101. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of insiders of the Company had not been confirmed at that time. Grant of Options The Company also announces that on July 2, 2019, it granted an aggregate of 1,900,000 incentive stock options (each, an "Option") to Mr. Chris Backus in accordance with the Company's stock option plan. The Options have an exercise price of $0.10, are exercisable for a period of 5 years from the date of grant, and will vest on the basis of one third on the date of grant, and then one third on each of the next two anniversary dates thereof. Update on Assets After extensive analysis by the Company's board and leadership, it was determined that the Company’s focus on revenue generation in the near term was not served by continuing an interest in VBC, Verve Beverage Company and its Verve and Champ brands. The Company has transferred the assets back to the rights holder with all liabilities and received in return 18,000,000 shares of Weekend Unlimited as of July 8th. In addition, the Company's board and leadership has decided not to proceed with prior leadership's previously announced initiative to open a store in Long Beach, California. “Since assuming the position of President and CEO, there has been extensive analysis completed on the Company’s assets and how they support our focus on revenue generation,” said Mr. Backus. “In order to create value for shareholders that the Company can build its future growth upon, that focus is squarely on the launch and expansion of the WKND! branded products and Northern Lights Organics in the near term.”

Jetzt wissen wir, was mit Verve und so passiert: neue strategische Ausrichtung auf NL

......upps! falsches Forum......sorry!

Kernaussage von Bokhari bei CFN Media Group,(mj micro Conference in NY) Bestätigt das Ziel bis 2025 die 3.8 Mio qfs ausgebaut zu haben. Ziel ist es, wie am 22.01., bei der stimmberechtigten Aktionärsversammlung beschlossen, ein Listing an der NYSE durchzusetzen. Wenn die Pläne aufgehen sind Sie dann das 10te kanadische Unternehmen, welches dort gelistet ist. Momentan ist eine ruhige Phase im Sektor, aber er nimmt aktiv an allen sich bietenden Konferenzen und Treffen teil, um FSD's Bekanntheitsgrad zu stärken, denn Sie haben großes vor!

Aber @CannaSwiss hat schon recht: Irgendwie ist es ein Aufräumen. Das ganze "Pump and Dump" Zusammengekaufe ohne eigene Substanz zu haben, wird abgewickelt und stattdessen ein organisches Wachstum versucht. Nur gibt es da leider unendlich viele Mitbewerber, die zum Teil bereits deutlich weiter sind. Aber es ist klar eine Abkehr von der Stadnyk-Strategie. Das kann man letztlich schon auch positiv sehen, weil es letztlich seriöser ist. wenn nun auch die Kommunikation noch ehrlicher und transparenter werden würde, wäre ich fast schon wieder versöhnt.

Sofort wieder reichlich Wasser in den Wein. Das bedeutet einen deutlichen Strategiewechsel. Ich bin bei @CannaSwiss. Natürlich hatte ich es damals dem @Elderstatesman auch geglaubt, aber doch gehofft, dass es letztlich sich nicht bestätigen würde. Und ja, das Konzept mit der Abdeckung gerade auch des viel versprechenden Markts der Getränke, der nicht so sehr mit dem gewachsenen illegalen Markt konkurriert, war der Grund, mich für wu zu entscheiden. Aber in der Tat: Nun ist es so und man muss versuchen, es positiv zu sehen. Aber noch vor kurzem hat wu auf Nachfrage die Sache bestritten und auf die entsprechenden Dokumente verwiesen. Das ärgert mich am meisten. Ich fühle mich vera... Jetzt würde es mich nicht mehr wundern, wenn auch Cannacandys zurückgegeben wird. Dann wird nur noch auf eine einzige Karte gesetzt, den am meisten umkämpften Markt der Produkte zum Rauchen, mit vager Aussicht auf neue, dann sehr kostenintensiv einzuführende Produkte. Auf dieser Grundlage hätte ich niemals investiert. Aber wie gesagt: Man kann es nicht ändern und muss das Beste daraus machen.

Nein. Hatte ich selbst dir aber damals (leider) schon geglaubt. Gut, bin somit keiner deiner „Kritiker“. Trotzdem bitter. Champ war für mich damals der Grund überhaupt in WU zu investieren. Sehe es nun dennoch positiv und unter der Überschrift „Backus räumt auf“.

@ meine Kritiker: Warum überrascht mich das mit Champ jetzt überhaupt nicht 🤔 Noch Zweifel zu meiner von Champ erhalten E-Mail vom 5.6.2019.

*sind

Verstehe ich das richtig dass Champ und verve dann nicht mehr bei WU ist? Champ war doch sehr vielversprechend

Danke 👌 @RS39

WEEKEND UNLIMITED ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF UNITS, GRANT OF OPTIONS AND UPDATE ON ASSETS Vancouver, BC (July 9, 2019) - Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: POT - FSE: 0OS1 - OTCQB: WKULF) a lifestyle cannabis company, is pleased to announce that it has closed its non-brokered private placement (the "Offering") of 41,368,317 units ("Units") of the Company at a price of $0.05 per Unit for aggregate gross proceeds of $2,068,415.85. Each Unit consists of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.10 until the close of business on the date that is 24 months from the date of issuance, subject to accelerated expiry if the 10-day volume weighted average price of the Common Shares as quoted on the Canadian Securities Exchange exceeds $0.25 per Common Share. In connection with the closing of the Offering, the Company paid aggregate finder's fees of approximately $135,073.27 and issued an aggregate of 2,701,465 finders warrants ("Finders Warrants") to eligible finders. Each Finders Warrant entitles the holder to purchase one Common Share at a price of $0.10 for a period of 24 months from the date of issuance, subject to accelerated expiry in accordance with the terms and conditions of the Warrants. The securities issued pursuant to the Offering are subject to a four-month hold period under applicable securities laws. Proceeds will be used for working capital. Certain insiders of the Company participated in the Offering. Participation of insiders of the Company in the Offering constitutes a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Because the Common Shares trade only on the CSE, the issuance of securities is exempt from the formal valuation and minority approval requirements on MI 61-101. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of insiders of the Company had not been confirmed at that time. Grant of Options The Company also announces that on July 2, 2019, it granted an aggregate of 1,900,000incentive stock options (each, an "Option") to Mr. Chris Backus in accordance with the Company's stock option plan. The Options have an exercise price of $0.10, are exercisable for a period of 5 years from the date of grant, and will vest on the basis of one third on the date of grant, and then one third on each of the next two anniversary dates thereof. Update on Assets After extensive analysis by the Company's board and leadership, it was determined that the Company’s focus on revenue generation in the near term was not served by continuing an interest in VBC, Verve Beverage Company and its Verve and Champ brands. The Company has transferred the assets back to the rights holder with all liabilities and received in return 18,000,000 shares of Weekend Unlimited as of July 8th. In addition, the Company's board and leadership has decided not to proceed with prior leadership's previously announced initiative to open a store in Long Beach, California. “Since assuming the position of President and CEO, there has been extensive analysis completed on the Company’s assets and how they support our focus on revenue generation,” said Mr. Backus. “In order to create value for shareholders that the Company can build its future growth upon, that focus is squarely on the launch and expansion of the WKND! branded products and Northern Lights Organics in the near term.”   For further information, please contact: Mr. Chris Backus, President & CEO, Director Telephone: 1(236) 317-2812 - Toll free 1(888) 556-9656 E-mail: IR@weekendunlimited.com

https://investingnews.com/ceo-interviews/weekend-unlimited-ceo-chris-backus-pushing-revenue-generation-cannabis-industry/

Zunächst einmal Elderstatesman vielen Dank für die Infos. Wie bedeutend ist denn der morgige Unterausschuss für die Cannabis-Branche? Wäre ein Pro Cannabis dort ein kleiner oder ein großer Schritt zur Legalisierung auf US-Bundesebene ?

Alles klar, besten Dank für die schnelle Aufklärung 👌

Davon gehe ich auch aus, bzw. ich hoffe es. Nicht jeder ist so top up to date wie der Elderstatesman und dadurch auch dieses Forum. 😉