This Cannabis Company Just Announced a 1,000+% Increase in Revenues…
Weekend Unlimited Industries Inc. (OTC:WKULF)(CSE:POT) is a lifestyle-based medicinal cannabis and CBD wellness company selling premium brand products in the
U.S. Weekend Unlimited’s products are produced from certified organic hemp Cannabidiol (CBD) and are available in the US online and at a growing number of Oklahoma
The CBD sector therefore finds itself riding the wave of booming eCommerce sales and skyrocketing demand for CBD products. f (OTC:WKULF)(CSE:POT) is attempting to
capitalize on this market, in part, because:
Consumers are falling under the Amazon effect - meaning they want to be
able to order CBD products online easily, quickly and cheaply.
Public opinion about Cannabis is becoming more positive 66% of Americans
support full legalization - with enormous consequences. Already ten U.S. states have allowed the sale of hemp-derived products
in marijuana dispensaries since the passage of the 2018 Farm Bill. Colorado will do so from July 1st and Illinois from October 31st, while this March, Utah’s
first medical cannabis pharmacy opened its doors. And the
trend is just as strong for recreational cannabis, with eleven states allowing it today, up from only two
in 2012. And there is more, as another HUGE theme is also emerging.
By creating a range of high-quality organic CBD products, sold both via retail outlets and online, OTC:WKULF/CSE:POT is addressing the needs of its consumers.
OTC:WKULF/CSE:POT’s WKND! Wellness brand
is spearheaded by a range of original CBD products made with the high-quality ingredients, sourced exclusively from America’s best non-GMO hemp plantations.
They are pesticide-free, chemical-free, and grown in accordance with advanced organic farming practices. The WKND! Wellness product line includes:
WKND! Wellness Full-Spectrum CBD Oil Tinctures
Available in Natural (unflavored) and Mint flavors, these tinctures provide 1,000 mg CBD in a 1-ounce bottle. They include other beneficial phytocannabinoids designed to relieve stress, recover from exercise, create a sense of well-being, and improved sleeping.
WKND! Wellness Extra Strength Full-Spectrum Softgels
Nano-emulsified CBD oil softgels formulated to ensure a consistent 25 mg dose of full-spectrum CBD in every capsule.
WKND! Wellness Full-Spectrum CBD Cooling Gel
This organic CBD cooling gel includes the natural botanicals menthol and camphor for a fast-acting cooling sensation plus the added relaxing benefits of CBD. Designed specifically for recovery from exercise and overexertion.
WKND! Wellness Full-Spectrum CBD Vanilla/Coconut Natural Body Butter
A full-spectrum CBD body butter made from all-natural, plant-based ingredients to calm and moisturize dry, itchy skin. A premium blend of natural oils, WKND! Wellness CBD body butter delivers moisture and all the benefits of CBD to skin.
The CBD sector moves fast - but OTC:WKULF/CSE:POT has been moving faster:
In June 2019, OTC:WKULF/CSE:POT began cannabis production in Washington state
In August 2019, the company began selling WKND! vaping, edible, and recreational cannabis products in Washington state.
In September 2019, a licensing agreement was signed with Ruby Mae’s, a leader in premium cannabis-infused edibles in Oklahoma.
In October 2019, OTC:WKULF/CSE:POT starts online CBD sales
In December 2019, the company launched retail sales of its CBD products in Oklahoma, including:
WKND! Pre-roll Quicksticks- Hand-rolled joints each containing 0.25-gram of premium Oklahoma cannabis flower.
WKND! Edibles - Including high-quality Belgian chocolate infused with Oklahoma cannabis, hard-candies, and gummies, crafted from the finest ingredients.
WKND! Signature Blends - Three signature cannabis blends (Bliss, Escape, and Now), expertly crafted to express unique effects and flavors. Designed to energize, uplift, and relax the user for ultimate pleasure-seeking.
WKND! Vape Cartridges - Pre-filled vape cartridges contain pure cannabis distillate with cannabis-derived terpenes, available in three proprietary flavors: Bliss, Escape and Now.
The entry into Oklahoma is the key to understanding OTC:WKULF/CSE:POT’s strategy in the CBD market.
The recreational cannabis market continues to boom in the U.S., with a forecasted value of an unprecedented $22 billion by 2023:
OTC:WKULF/CSE:POT has recently generated material sales in these immensely dynamic CBD niches, and is continuously refining its products to fit customer needs. What’s more,
One recent rounds of financing in February and March for CAD $1.1 million have given OTC:WKULF/CSE:POT the needed financial ammunition to propel its expansion further.
On June 15th the company announced unaudited Q3 2020 financial results, showing that:
Sales were up 1,138% from Q2
Gross profit margins reached 22%
WKND! Wellness product sales increased 487% MOM in June to date
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.
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