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ORIGINAL: Significant Advance as Weekend’s Northern Lights Organics Farm Granted Industrial Hemp Licence
2019-11-12 03:05 ET - News Release
Health Canada Industrial Hemp Licence Paves the Way to the 2020 Growing Season for Canada's Largest Outdoor Certified Organic Hemp Farm
VANCOUVER, BC / ACCESSWIRE / November 12, 2019 / Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE:POT)(FSE:0OS1)(OTCQB:WKULF) announces that the Company's majority owned Northern Lights Organics farm in Fort St. James, British Columbia has been granted the Industrial Hemp Licence, from Health Canada, required to cultivate and sell industrial hemp.
"Northern Lights Organics is advancing ahead of schedule, combined with the previously announced Certified Organic Certification, the Health Canada Industrial Hemp License puts the Company on the fast track to drive significant results in the 2020 growing season," said Mr. Chris Backus, Weekend President and CEO.
"We have all the pieces in place for the 2020 growing season, this licence is a significant milestone advancing our operational plan to produce and market Certified Organic Hemp derived CBD," said Mr. Art Halleran, President of Northern Lights Organics.
Highlights:
Health Canada grants Industrial Hemp License allowing Northern Lights Organics to cultivate and sell its industrial hemp crop
The licence is issued in accordance with the Cannabis Act and the Industrial Hemp Regulations
Hemp grown on the farm will carry the coveted Certified Organic designation, as previously announced
Certified Organic Hemp derived CBD allows for premium pricing and margins
"The Northern Lights Organics farm presents the Canadian marketplace with a unique offering, and our goal is to make it the leader in best practices for outdoor certified organic hemp cultivation and overall product quality," added Mr. Backus. "Art and our team have done tremendous work to assure all of the licencing and certification milestones have been achieved in a timely manner so that we are in an ideal position to take full advantage of the 2020 growing season as planned."
The scale of the Northern Lights Organics property combined with the Industrial Hemp Licence, and the Certified Organic Certification have combined to highlight the vast potential output of premium product, which will serve to differentiate Weekend's position in the Cannabis industry.
"We are committed to a disciplined approach to building long-term, sustainable revenue streams in both the USA and Canada, Northern Lights Organics is a central focus for the Company and one we see as a major driver of shareholder value going forward," added Mr. Backus.
For further information, please contact:
Mr. Chris Backus, President & CEO, Director
Telephone: 1(236) 317-2812 - Toll free 1(888) 556-9656
E-mail: IR@weekendunlimited.com
About Weekend Unlimited Inc.
Weekend Unlimited is a lifestyle-based recreational cannabis company. The Company is developing premium products designed to deliver life's highs, anytime, anywhere. With a presence in both the U.S. and Canada - and a unique entertainment and education division (Weekend Live!), Weekend Unlimited is well-positioned to launch and scale the brands that will define recreational cannabis. 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. 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.
SOURCE: Weekend Unlimited Inc.
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