Categories
BLOG

true north cannabis

Weekend Unlimited Partners with True North Cannabis, Announces Name Change and Consolidation

Weekend Unlimited Inc. (“Weekend” or the “Company”) (CSE:POT, FSE:0OS1, OTCQB:WKULF) announces a key partnership with True North Cannabis to realize the full potential of its Northern Lights Organics Hemp operation, and as part of its continuation to requirements of the Corporation’s new jurisdiction of British Columbia, which was approved by shareholders; the Company will change its name from “Weekend Unlimited Inc.” to “Weekend Unlimited Industries Inc.” (the “Name Change”). In conjunction with the name change the Company will also be completing a share consolidation on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares (the “Consolidation”).

True North Partnership

Calgary based company, True North Cannabis Corp. (“True North”), has a proven track record for creating value for hemp growers across Canada by providing the guidance, infrastructure, and technology required to produce commercially viable, extract ready CBD biomass from industrial hemp. With Northern Lights Organics having both Certified Organic land and a proprietary CBD yielding cultivar, as well as impressive results from genetic research trials done in past years, True North and Northern Lights Organics have agreed to a partnership, where True North’s expertise and resources will be used to increase the potential value of our 2020 crop and beyond.

“This is a partnership that will create synergies moving forward allowing Northern Light Organics to fully realize the value of our asset,” said Mr. Chris Backus, Weekend President and CEO. “Anyone can plant hemp in the ground, however the key to success in the industry is to be able to produce and harvest premium output and sell that output to the market for the best price. True North is an expert in the space of hemp harvesting for CBD and have brokered millions of dollars of biomass to some of Canadas biggest CBD licensed producers. In addition, they bring a breadth of knowledge to our business model beyond the sale of biomass; with future consideration expanding to pedigree seed production and Hemp Craft/fiber sales. Having True North as close advisors and partners with Northern Lights Organics provides significant upside for the overall success of both our short and long-term operations.”

“We are excited at the opportunity to work alongside the Northern Lights Organics team for their upcoming hemp crops,” said Shayne Hamilton, CEO of True North. “The results observed in their research trials to date are extremely promising and indicate the potential to produce a premium hemp-based CBD biomass for CBD extraction.”

Effective at the commencement of trading on January 21st, 2020 the Company will begin trading on the Canadian Securities Exchange on a post-consolidated basis under the new name but will retain the stock symbol “POT”. The new CUSIP and ISIN are: 94856V208 and CA94856V2084, respectively. The Company’s Board of Directors approved this Consolidation, as permitted by the Company’s Articles and the Business Corporations Act (British Columbia).

“The consolidation is necessary to attract new capital and position the Company to realize the full potential of current assets and undertake possible future acquisitions,” explained Mr. Backus. “We have lucrative assets and it is essential that we structure the Company in such a way to fund the development and growth of those assets to generate significant revenues.”

Currently there are 442,505,249 common shares issued and outstanding and after the Consolidation there will be approximately 44,250,525 common shares issued and outstanding and approximately 15,922,973 warrants, and 2,672,500 stock options outstanding. The Company will not be issuing fractional post-Consolidation common shares to shareholders in connection with the Consolidation. Where the Consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of post-Consolidation common shares issued to such holder of common shares shall be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, all common shares held by a beneficial holder shall be aggregated.

A letter of transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their respective certificates representing pre-consolidated common shares along with a completed letter of transmittal to the Company’s transfer agent, Odyssey Trust Company (“Odyssey”), in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare. All shareholders who submit a duly completed letter of transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post-consolidation share certificate.

Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name, will not need to complete a letter of transmittal.

The exercise or conversion price and the number of common shares issuable under any of the Company’s outstanding warrants and stock options will be proportionately adjusted to reflect the Consolidation in accordance with their respective terms thereof.

For further information, please contact:

Mr. Chris Backus, President & CEO, Director Telephone: 1(236) 317-2812
E-mail: [email protected]

About Weekend Unlimited Inc.

Weekend Unlimited is a lifestyle-based recreational cannabis and CBD wellness company. We are developing and launching premium cannabis and CBD brands to deliver life’s highs – any- time, anywhere. Our CBD products are available online and at a retailer near you. Weekend Unlimited is well-positioned to launch and scale the brands that will define cannabis and CBD. 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. Of-

ten, 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 in- formation, future events, or otherwise, except as required by securities laws.

Find out what experts say about profiting from the cannabis market in 2020!

Read our FREE 2020 cannabis outlook report!

Codebase Ventures Inc. Announces First Closing of Financing

Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed a first closing of a non-brokered private placement of up to $2,000,000. The Company accepted subscriptions for 13,740,000 units at a price of $0.05 per unit, for gross proceeds of $687,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.075 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.15 or more for 10 consecutive days

The Company paid $18,000 in cash and issued 160,000 warrants on the same terms as noted above to qualified finders. Securities issued pursuant to this tranche are subject to trading restrictions until April 5, 2021. The Company is expecting to complete the financing by December 16, 2020. Proceeds will be used for working capital and to fund future investments.

The Company also announced that it has recently issued 1,500,000 options to consultants under its incentive stock option plan. These options are exercisable at $0.19 for a period of 5 years.

Codebase Ventures Inc. invests early in great ideas in sectors that have significant upside. We seek innovators who are establishing tomorrow’s standards. We invest early, supporting those innovators and helping to take their ideas to market.

For further information, please contact:

George Tsafalas – Ivy Lu
Investor Relations
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: [email protected]

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.

News Provided by ACCESSWIRE via QuoteMedia

Codebase Ventures

Hill Street Reprices Expiring Warrants

Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”), announces that further to its press release dated December 3, 2020, the TSX Venture Exchange has approved the repricing of 19,405,804 warrants of the Company that were originally issued on July 27, 2018, to $0.10. These warrants are set to expire on December 31, 2020.

For anybody wishing to exercise these Warrants, please contact the Chief Executive Officer, Terry Donnelly at the particulars below.

For further information:

Terry Donnelly, Chairman and CEO, Hill Street Beverage Company Inc.,
[email protected], (416) 543-4904;

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69544

News Provided by Newsfile via QuoteMedia

Hill Street Beverage Company

Cannabis Profits In Focus: CEO’s of HEXO, Icanic Brands, Tilray, and Aurora Cannabis Discuss Next Wave of Global Growth Opportunities and Brands Innovation

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Tilray, Inc. (NASDAQ: TLRY), Icanic Brands (OTC: ICNAF) (CSE: ICAN), Aurora Cannabis (NYSE: ACB) (TSX: ACB), and HEXO Corp. (NYSE: HEXO)

Cannabis leaders are focusing on innovation in premium branding, global expansion, and tight operational execution in the drive towards profitability. Wall Street Reporter highlights the latest comments from industry thought leaders:

Icanic Brands (OTC: ICNAF) (CSE: ICAN) CEO Brandon Kou: ”Ready to Scale with Quality Brands, and a Superior Gross Margin Profile”

“The Tesla of Cannabis” is what some savvy investors are calling Icanic Brands (OTC: ICNAF) (CSE: ICAN), after its recent presentation at Wall Street Reporter’s “Investors Discovery Day” livestream. ICNAF is a leader in the California market, and specifically in the pre-rolled space, with its award-winning “Ganja Gold” brand, sold in hundreds of retail outlets. A key component of ICNAF’s success is its pre-roll manufacturing technologies which produce consistent, high-quality pre rolls at high gross margins – a major competitive advantage in the cannabis industry.

Watch ICNAF Investors Discovery Day 12/4 Livestream: https://bit.ly/3gbJJVf

In his livestream presentation, ICNAF CEO Brandon Kou outlines the company’s growth strategy, based on a “three pillar approach”: sales platform, technology, and vertical integration which lead to a superior gross margin profile. With a profitable foundation established, ICNAF is now at an inflection point where it’s ready to start scaling revenues and expand with strategic M&A opportunities. December 4, 2020 VIDEO: https://bit.ly/3gbJJVf

December 1 – ICNF reports $C7.9 million revenues and $560,000 in positive adjusted EBITDA for FY 2020. ICNAF also announces expansion to its new California facility which will house ICNAF’s second automated pre-roll machinery, being put into production in Q1-2021, resulting in a significant increase in overall production capacity. Over the past 12 months, ICNAF has seen a significant increased demand for its pre-roll brands (Ganja Gold and Taylors) and the addition of automation equipment that has been sourced and developed to keep up with the demand requires a much larger physical manufacturing facility.

November 10 – Ganja Gold has been recognized by LeafLink as Fastest Growing pre-rolls in the nation. LeafLink analyzes orders between 1,700+ cannabis brands and 5,500+ retailers, in North America. The Fastest-Growing categories represent the most popular brands and products on the platform in 2020.

Watch ICNAF Investors Discovery Day 12/4 Livestream: https://bit.ly/3gbJJVf

HEXO Corp. (NYSE: HEXO) CEO Sebastien St.Louis: ”Now On Path Towards Positive Earnings Growth”

“…Despite the many dire economic and social consequences the pandemic has caused, the cannabis industry continues to grow. And that’s a testament to the consumer demand for safe and legal product that we offer. The industry has a $2.9 billion run rate and continues to grow. We remain in a top four market share position closing in on the third spot and increasing the gap between number of ourselves and the number five and number six LPs…. We’ve been deliberate and selective in our launch of 2.0 products. We’ve launched vape pens, our Hash products and they’ve been overwhelming successes. Great quality reviews and we are number one in the Hash category. We continued to lead the way with Original Stash, including our 28 gram package format, which is a high quality consistent product priced to compete directly with the illicit market. This was an industry first and HEXO reset the Canadian market for dried flower as a result, many of our competitors scrambled to duplicate our efforts.

“…While we strive for consistent positive EBITDA, we’re also focused on learning from the past. It’s not our intention to overpay for assets or overbuild our capacity. With today’s announcement, we feel we’ve put ourselves on a path towards positive earnings per share. Our capital-light global strategy to partner with Fortune 500 companies continues…We have a lot of work to do, but the good news is that our revenues are growing. Our yields and volume sold have improved. Our normalized gross margin is healthy, and our costs continue to come down. Our adjusted EBITDA loss improved materially in the fourth quarter. And we hope to be EBITDA positive very soon…”

HEXO Corp. (NYSE: HEXO ) Q4 2020 Earnings Highlights: https://bit.ly/2JKlC4b

Aurora Cannabis (NYSE: ACB) (TSX: ACB) CEO, Miguel Martin: “Focused on Delivering ‘Quality Revenue’ through Premium Brands”

“…the consumer has demonstrated very dynamic tendencies with market share moving very quickly between brands, unlike in more stable CPG categories. This provides us with a great opening for our pivot to premium brands….Data from Canada and other mature markets indicate that premium and super premium brands have been and will continue to be successful in all formats. Therefore, Aurora has a real opportunity for a more articulated and balanced portfolio offering with a greater focus on higher margin and sustainable premium assets, such as vapes, pre-rolls and premium flower offerings across multiple price tiers….

We are also working to expand our leading concentrates and to refocus our dried flower business toward higher gross profit dollar pools…The key of course, is to ensure that in doing so we are delivering more dollars to the gross profit line versus simply just delivering low margin revenue. We are therefore much more interested in our market share within premium and super premium categories, along with our market share of categories, such as vapor, pre-rolls and concentrates that are margin accretive compared to our market share in the deep discount flower business…our intention is to generate not just revenue but quality revenue, that will deliver a healthy gross profit dollar as opposed to essentially just a gross margin percentage.”

Aurora Cannabis (NYSE: ACB) Earnings Call Highlights: https://bit.ly/3lgMGWB

Tilray, Inc. (NASDAQ: TLRY) CEO, Brendan Kennedy: “Europe Cannabis is Next Big Growth Opportunity”

“…We are operating in an efficient manner across our entire business, global medical cannabis, Canadian adult use-cannabis and global hemp. With the completion of our significant cost reductions, we are now poised to leverage our cost structure and ensure we are one of the global winners in this industry. We have ample cash availability on our ATM to execute our strategy…With our infrastructure in place, we will continue to focus on building brands and developing products that resonate with consumers and established Tilray as the most trusted cannabis and hemp company in the world.”

“…I think that we’ll see possibly the entire EU legalize cannabis for medical-use over the course of the next, let’s call it, 18 months…We are committed to long-term profitable growth in Europe as regulations continue to change and country markets develop…We are continuing to see increases in both the number of patients in Germany with cannabis prescriptions, as well as the number of doctors who are writing prescriptions for these patients… We believe that we are effectively building brand awareness similar to the way that we did in Canada four years ago and expect to see continued patient and revenue growth given Germany’s large population base. In fact, we believe that the adoption curve in Germany is occurring at a faster pace compared to Canada during 2014 and 2015. Recently, we have seen a number of competitors either cease European operations or significantly reduced their presence there. We believe this will become a long-term strategic advantage for Tilray. The commitments we have made to the EU market with our Portugal GMP campus and regional leadership team based in Germany, position us well to continue to capture market share in Germany and more broadly in Europe…”

Tilray, Inc. (NASDAQ: TLRY) Earnings Call Highlights: https://bit.ly/3m2MqdY

WALL STREET REPORTER

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO’s of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com

About Wall Street Reporter’s Next Super Stock conference:

Wall Street Reporter’s NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/

WALL STREET REPORTER

(212) 871-2057 ext 7

News Provided by GlobeNewswire via QuoteMedia

Weekend Unlimited announces a key partnership with True North Cannabis to realize the full potential of its Northern Lights Organics Hemp operation.

Weekend Unlimited announces tie-up with True North Cannabis, name change and details of share consolidation

The company on Monday also revealed it will change its name to Weekend Unlimited Industries Inc, along with details of a share split

Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced a tie-up with Calgary-based True North Cannabis, which it says, will realize the full value of its Northern Lights Organics hemp operation.

The company on Monday also revealed it will change its name to Weekend Unlimited Industries Inc, as part of requirements under its move to British Columbia, along with details of a share split.

READ: Weekend Unlimited boosts its cash position with repayment of loan from Northern Lights Supply

True North has a proven track record for creating value for hemp growers across Canada by providing guidance and technology to produce commercially viable, extract-ready CBD biomass from industrial hemp, said Weekend in a statement.

Northern Lights Organics has both certified organic land and a proprietary CBD-yielding cultivar, as well as impressive results from genetic research trials.

“This is a partnership that will create synergies moving forward allowing Northern Light Organics to fully realize the value of our asset,” said Chris Backus, Weekend’s president and CEO.

“Anyone can plant hemp in the ground, however the key to success in the industry is to be able to produce and harvest premium output and sell that output to the market for the best price. True North is an expert in the space of hemp harvesting for CBD and have brokered millions of dollars of biomass to some of Canadas biggest CBD licensed producers.

“In addition, they bring a breadth of knowledge to our business model beyond the sale of biomass; with future consideration expanding to pedigree seed production and Hemp Craft/fiber sales. Having True North as close advisors and partners with Northern Lights Organics provides significant upside for the overall success of both our short and long-term operations.”

Excited about opportunity

Meanwhile, chief executive of True North Shayne Hamilton added: “We are excited at the opportunity to work alongside the Northern Lights Organics team for their upcoming hemp crops. The results observed in their research trials to date are extremely promising and indicate the potential to produce a premium hemp-based CBD biomass for CBD extraction.”

The share consolidation is based on one post-consolidation share for every ten pre-consolidation shares. The post-consolidation shares will begin trading under the new name on January 21 (Tuesday). The firm will retain the stock symbol ‘POT’.

“The consolidation is necessary to attract new capital and position the company to realize the full potential of current assets and undertake possible future acquisitions,” said Backus. “We have lucrative assets and it is essential that we structure the company in such a way to fund the development and growth of those assets to generate significant revenues.”

Shares in Toronto added over 16% to C$0.035.

Weekend Unlimited announces tie-up with True North Cannabis, name change and details of share consolidation The company on Monday also revealed it will change its name to Weekend Unlimited