14:12:22 EDT Fri 26 Apr 2024
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or Name
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Weekend Unlimited Inc
Symbol POT
Shares Issued 248,982,255
Close 2019-04-04 C$ 0.11
Market Cap C$ 27,388,048
Recent Sedar Documents

Weekend Unlimited appoints Backus to board

2019-04-05 06:45 ET - News Release

Mr. Paul Chu reports

WEEKEND UNLIMITED UPDATES ITS BOARD OF DIRECTORS

Christopher Backus has been appointed to Weekend Unlimited Inc.'s board of directors and Morie Shacker has stepped down from his role as director.

"On behalf of our directors, I want to thank Morie Shacker for all his efforts and welcome Chris Backus to the company's board of directors," said Paul Chu, Weekend Unlimited president and chief executive officer. "Chris is bringing a tremendous skill set and perspective to the board at this exciting time for the company as we launch our brands into multiple markets."

Mr. Backus comes to Weekend Unlimited as a former senior officer and manager with the Royal Canadian Mounted Police (RCMP). Mr. Backus achieved a master's degree in conflict management and interest-based negotiations from Royal Roads University in Victoria, B.C. Mr. Backus has worked internationally with the United Nations as a strategic adviser to peacekeeping operations and negotiations in Ivory Coast, West Africa. In these and additional roles he has worked extensively in the specific areas of strategic communications and negotiations in the fields of law enforcement, health care, technology, retail sales, real estate and venture capital work environments.

In keeping with the company's sharpened focus on control and accountability in its operations, the company wishes to announce that it has successfully transformed its prior ownership interest in Jerome Baker to a licence agreement. Under the terms of the licence agreement, the company is entitled to use the Jerome Baker trademark and other intellectual property in respect to a wide range of cannabis-related products for a five-year renewable term without any royalty obligations.

The company also announced that it has recently issued two million shares at a deemed price of 12 cents to two consultants as part of their compensation under their consulting agreements. These shares are subject to a four-month trading restriction.

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.

We seek Safe Harbor.

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