FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Weekend Unlimited Completes Acquisition Of Jamaican Assets”, “Northern Lights Supply Store in Alberta Receives First Inventory in Preparation for Grand Opening” and “OTC Markets Group Welcomes New OTCQB Companies”
Weekend Unlimited Inc.(CSE: POT) (OTCQB: WKULF) having announced the signing of a definitive agreement on 13 February 2019 to acquire R&D Pharma’s Jamaican interests, has completed the arms-length acquisition of R&D Pharma.
Weekend Unlimited Inc. 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.
OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, today announced Weekend Unlimited is approved for trading on the OTCQB Venture Market.
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.
Marijuana has become a global medical phenomenon due to its therapeutic effects. Primarily, many countries are looking to legalize marijuana for medical applications as it is a suitable alternative to opioids. However, one of marijuana’s derivatives, hemp, is becoming widely adopted, particularly in the U.S. Hemp has gained significant popularity among state officials and consumers after the passage of the recent U.S. Farm Bill. Even with the passage of the bill, hemp itself is still not entirely legalized, but it’s derivative CBD, or cannabidiol, is fully legalized in almost every state. Hemp-derived CBD products are generally more accepted because they are the non-psychoactive cannabis-related products. Due to its therapeutic and relaxing effects, the U.S. Food and Drug Administration formally delisted CBD from the list of Schedule 1 drugs last year. In combination with the FDA’s decision and the passage of the Farm Bill, the CBD market is positioned for tremendous growth. According to data compiled by Brightfield Group, the U.S. CBD market is expected to reach USD 22 Billion by 2022, outpacing the rest of the cannabis market combined.
CBD has many versatile uses such as medical applications, health and wellness, beauty, and even pet treats. CBD also comes in many forms such as flowers, oils, creams, and tinctures. As the CBD industry continues to grow, new products like beverages and foods are emerging. Within medical applications, consumers are using CBD to treat conditions such as insomnia, pain, and anxiety. Recreationally, consumers are simply using CBD as a relaxation stimulant. “A few years ago almost no one knew what hemp-derived CBD was, it was sold by mostly small brands of tinctures online and through head shops. All of a sudden, CBD is everywhere – it is both a trendy, new ingredient in drinks, face creams and pet treats and an answer to the prayers of so many people suffering from medical conditions ranging from epilepsy to anxiety and chronic pain. It rides the waves of so many global food and health trends, as a substitute for opioids, towards more natural health alternatives and functional ingredients,” said Bethany Gomez, Managing Director at Brightfield Group.
For more information, please visit: Weekend Unlimited Inc.
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