FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “POT Northern Lights Supply Store in Alberta Receives First Inventory in Preparation for Grand Opening” and “Weekend Unlimited Signs Definitive Agreement with R&D Pharma For Jamaican Interests”.
Weekend Unlimited Inc. (CSE: POT) (OTC: 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.
Weekend Unlimited Inc. having announced a Letter of Intent on 1 November 2018 to acquire R&D Pharma’s Jamaican interests, has now entered into a definitive agreement with R&D Pharma, which is anticipated to close next week.
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.
The U.S. cannabis industry continues to grow tremendously, as the ongoing legalization efforts redouble. Perhaps surprisingly, the industry’s market value is already comparable to major worldwide corporations like Netflix and McDonald’s. However, the cannabis industry is heavily limited due to Federal regulations in the United States. Despite these regulatory laws though, the industry is still on track to witness significant growth and by the end of 2019, it is expected that legal cannabis sales will surpass the sales of firearms and ammunition. Furthermore, according to data compiled by Marijuana Business Daily, total sales of legal recreational and medical cannabis in the U.S. totaled approximately USD 5.2 Billion in 2017 and is projected to grow by more than 200% by 2022. The market will continue to grow larger due to various legalization efforts and developments of medical and recreational cannabis.
The evolving cannabis industry has captured the attention of other major corporations who are all looking to enter into the market. Many companies have either entered the marketplace themselves or have invested to further expand upon the research and development of cannabis. In particular, the industry is seeing heavy investments stemming from tobacco and beverage-based companies, which will drive the recreational market. “This is what legal cannabis looks like,” said F. Aaron Smith, Executive Director of the National Cannabis Industry Association, a trade group based in Washington. “You’ve got some of the larger players taking interest, and that’s a good thing. It’s going to create more economic vitality, more jobs.”
For more information, please visit: Weekend Unlimited Inc.
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